Clear Down is Vissible upto 179A) 1, 3, 4, Reacts as a sign of Good up movement/ uptrend
( reverse of Rs.179.00 will be a good take off for the
breakout of Rs. 199.00 and the target will be around 220 for shorterm)
B)No. 2, 3a reacts as a continuous downtrend
(if the above fails the price will react at Rs.170 then it will expected
to go down or otherwise it will confirm the next clear trend at around Rs.190.00)
* NOTE- THIS IS MY PERSONAL ANALYSIS AND IT WAS POSTED FOR KNOWLEDGE SHARING BASIS
Clearly this is NOT FOR ANY KIND OF SUGGESTION TO BUY OR SELL.
Reversalpoint
LOSING POWER - REVERSAL TREND IMMINENT - ZN1! -30MNThanks for your likes and shares! Much Appreciated!
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We observed some nice steps broken up one by one and have seen the ZN1! price increasing. We are probably arriving to the end this momentum . The top black resistance line, if broken will announce a continuous uptrend. Higher probability is a pullback down from that zone.
The support uptrend line is also a good entry for a trade in the short direction , if broken . Next supports and breaks can be taken from the different ranges marked in the graph with horizontal blue lines and blue squares.
Wait for the market to break the latest blue square up or down to have increased probability on a successful trade.
S&P 500 - 240 - IMPORTANT POINT - 2X GOOD SHORT ENTRY POINTSThank you for your likes and shares! Much appreciated!
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The market is at a very important price which has been a reversal point lately (Fibonacci 78.6% ). This price is a strong resistance now and could become a strong support if the market moves upwards.
Upwards, the market former uptrend will be the limit where an amazing short entry point could be expected with possible nice pullback down.
In the other side, downward, if the market breaks its horizontal ranging support with a nice candlestick, there is a high probability to see the market going down further with an interesting short entry point (targeting Fibonacci 23.6%).
Timing:
From middle of next week to middle of the week after. (Wednesday to Wednesday)
EURAUD - H1 - Parallel Channel - BreakoutEURAUD - H1 - Parallel Channel - Breakout
Buy @ breakout Fibonacci Level 0.618 with an reintegration in the Parallel Channel
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Entry: 1.6780 | Stoploss: 1.6723 | Takeprofit: 1.6880 |
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If you like this idea please click the like button to support this channel, thanks.
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Disclaimer: All information and ideas provided is for educational purposes only. It is not a recommendation to buy or sell.
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USDCAD 4H Trend Reversal AnalysisA weekly USDCAD trend reversal could be happening.
First Confirmation: Price Strongly broke the Daily resistance trendline and continued upwards.
Second Confirmation: NFP released figures, so far, show better than the forecast which supports USD strength.
The Final confirmation for this setup will be a strong break and retest of that critical price structure, to signal an entry point.
SBICARD - BREAKOUT SETUPOn hourly chart stock started to form higher high formation, and rsi is also well aligned the price, suggestion price up move is fueled by the good momentum.
So everything as of now looks good on the charts , and any breakout above the trend-line would possibly lead a good move in the stock and stock could be seen reversing the down trend its being seeing since listing.
This trade has great risk reward ratio.
So always plan ahead and reap the profits.
Do not follow blindly, please do your own research.
S&P 500 alternative script When you have to sit at home due to quarantine it may lead to very interesting conclusions ))) it has emerged that there is possible alternative script of further development of S&P 500 and it needs all Elliot requirement , besides ratios between waves are too close to 0,618 or 1 , that is very seldom phenomenon. So if this scrip is true it will mean that all my last projections concerning cryptocurrency, indexed, and forex were wrong. One thing that I consider not enough appropriate is drawings in first wave of the biggest dimension, I mean triangle with too short 5-th wave. On balance, in this case targets of 5-th wave might be 3400 or 4526.
Apple Full Trend Reversal W/ MA?NASDAQ:AAPL
Apple might be in the middle of a full on reversal from this massive drop it's been on for awhile now. Follow the 20/50/150/200 MA from 1 minute all the way up to 1 hour chart and notice how they are all reversing trend. The key now is to follow the 2H-4H today maybe more to see if they complete the reversal on the 50 passing over the 150 etc. Could be an amazing sign for Apple. If it gets stuck though the downside would be a big sell off. I think Apple is bullish and people want it to be bullish in the market so my hopes are directed that way. Also is was massively oversold since Feb.
Thoughts?
Do you due diligence as always and make sure to keep up to date with all the market news and pre market buzz concerning the overall market and virus.
Bitcoin: New Sell Signal? Consider These Inflection Points.#Bitcoin has reacted off of the 6425 resistance level that I have been highlighting recently. And as a result, is in the process of producing a mixed signal. Broader structure favors a test of recent lows, while short term order flow may be pointing to a not so obvious change. The larger structure (recent bearish swing from 8K to 4K) should carry more weight, until a new pattern or development comes along to negate that idea. The aim of this article and video is to point out what these changes can look like and how they will shape our SWING TRADE decisions as the price unfolds.
These are the main points of this video:
1. Price has tested the 7150 area, but could not close above 6425. While the push into the low 7Ks is a positive, and may be a sign of a changing price structure (better chance of reversal upon next retrace), it is not enough to provide any kind of conformation that we can rely on. This is the nature of a mixed signal. We are still open to taking swing trade long signals (we recently shared one at 5750), but at 1% risk ONLY.
2. IF price closes below 5640, a new sell signal will be confirmed. We do NOT intend to exit our long upon such a signal, and have compensated for such movement with a wide stop and smaller position size (1% risk). The push to the 7150 area helps to define two particular inflection points where a bullish reversal can materialize and we are willing to give the market a chance to produce one of these scenarios.
3. The 4800 area is the first location where a higher low can develop. IF a pin bar or inside bar appears in this area on THIS time frame, we will be prompted to share a new SWING trade long idea. Since we are long, we will not add to our swing trade (strict risk control). The second area is the one that tricks most bears and that is the failed low around the 3500 area. This is where price appears to be making a lower low, followed by a sharp reversal candle. A pin bar or outside bar would be compelling and within the scope of our expectations. This is basically a variation of the double bottom and a common pattern that we specifically look for in terms of our swing trade strategy.
Again these are a summary of high probability inflection points that we are anticipating, these are not predictions or absolute opinions of any kind. Bitcoin, like the stock market is motivated by the same irrational behaviors: greed and fear which play out in particular and repetitive patterns of order flow. As retail traders who are not privy to non public material information, order flow is the next best thing we can possibly get, not news or other forms of infotainment. Capitalizing on it requires overcoming the obstacles put in the way by our own human nature. If you want to win in the long run, stop reacting to the obvious.
Stock reversal After the stock was sharply falling, the significant volume came out, - that's the first sign of the trend stalling. Then the reversal pattern appeared, which got confirmed by the big white candle that closed above January high (marked as bright green). I was a bit late as I didn't manage to catch the market closing, so I tried to get in at the opening on the following day.
1)Stop loss is under recent lows.
2)Profit target is around the beginning of the sharp decline.
USDCAD Price is getting close to our bearish zone again This is a full breakdown of my perception of Price action on higher time frames! I take my entries using smaller time frame confirmation and you should too. If you have any questions about this trade or my strategies feel free to ask them in the comment section below!
Good Luck!!!!!!!!!!!
EURJPY SHORT TRADE, BEARISH REVERSAL? 600 PIPS POTENTIAL!! Happy Monday everyone!!
After screening my chart this afternoon, i saw that there is interesting sell signal on Euro / Yen especially at the bigger time frame. Is it possible of the bear take in charge now? hmmm.. Might Be!! but lets take a look what information market currently gives us.
Monthly Time Frame
- Downtrend line potential 3rd touch
- Support breakout 128.803 currently on pullback
- Bearish Engulfing candle: Resistance at 123.318, Support at 120.008
- Sell signal identified
Weekly Time Frame
- Downtrend line potential 3rd touch (similar to monthly time frame)
- Support breakout 121.674 current on pullback
-Bearish Engulfing candle: Resistance at 123.357, Support at 121.259
- Sell signal identified
Daily Time Frame
- Support breakout 122.506
- currently price had already touch this support and move, creating engulfing bearish candle, this where i found my sell confirmation.
*ENTRY POINT EXPLANATION*
H4 Time Frame
- Lower low structure formed, 122.821 as high and 122.075 as our new lower low, breaking 122.212 as last week support.
- Double top formation formed at 122.821 as resistance, WAIT FOR PULLBACK to neckline 122.633, than we can good to sell
If this really monthly reversal movement than we might catch 600 pips more at last support 116.470
Thank you for looking at my analysis, this is my point of view on EUR YEN, whats yours? please let me know on the comment and i hope we can be friends ^^