NZDUSD - Short term correction seems likelyIt seems like we might get a short term correction on NZDUSD
There is high odds for a correction if we get a close below the daily support trendline around 0.71115 (20.01.21). It might make sense to go short on a retest on the weekly resistance around 0.71550.
it looks like we have a bigger player building a short position and might be ready to finish up before he starts to move the market.
We could get as low as 0.68165 in one to two weeks time...
So it might make sense to go short on a retest on the new weekly resistance around 0.71550.
Timecycles
Hero moto good short candidateHeromoto spot cmp 3365
Good positional short candidate
Inverted head and shoulder pattern formation..
Counter currently trading around resistance line of neckline and mid point of rising channel,,
RSI makind bearish divergence,,
Ever 150 trading session counter is changing it trend,, as per this 19 oct can be perfect trend change date
Counter can be short at current levels with stoploss of 3400 and hold for 10-15% down side targets...
Reliance good short candidateReliance cmp 2318
Rising trend line resistance
counter gave breakout from cup and handle pattern with cup height of 735 points and after breakout today counter have completed up move of 735 points this might also mature the up move
price making higher high,, rsi making lower high bearish divergence.
from recent bottom of 867 counter took 85 days to reach previous peak levels means 735 points in 85 days
after breakout counter today completed its upmove of 735 points in 85 days , same price movement in same time..
Look for trend reversal in this area..
Tata steel good short candidateTata steel is clearly trading in falling channel pattern since last 15 months,,
currently counter is trading around resistance trend line of falling channel pattern
also counter is following perfect time cycle of 245 days
every 245 days counter tends to touch resistance line of falling channel pattern and again start it journey towards south,,
view gets negated once counter manage to give close above 460 levels
Time to accumulate OMG so you can say "omg" when it moonsIf the bull market prophecy comes true soon like every other post halvening rally, OMG should start a mission to the heavens later this year. Whichever direction the trend goes to around the pivot point is the macro trend untill the next pivot which could be a continuation or a reversal. I would bet the next pivot will be a massive rally upwards.
Time Precedes VolumesThis idea is based on the article Time Cycle Oscillators, published in IFTA Journal 2018.
As volumes precede prices, the “period of time cycles” precedes volumes.
Hence, the simple harmonic oscillator SHO (blue) is leading to the volume zone oscillator VZO. The latter is created by Walid Khalil.
Negative and positive divergences between the SHO and VZO help in predicting the direction of the VZO. Also, the SHO confirms and shows the significance of the signals which are generated by the VZO. i.e., the encircled sell signals on the chart.
Regards,
Akram El Sherbini
Bajaj finance a conditional sell candidateBajaj finance :-
Darvax box consolidation are peak levels,
Rising Wedge pattern,,
Bearish harmonic Shark pattern fomation,
Bearish divergence on RSI indicator,,
50% Time and Price retracement,,
Breaking below 3190 which is support as per darvas box and also trend line support of rising wedge pattern,, and sustain would lead to fast and furious fall,, for 10-15-20%,, view gets negated above recent high on closing basis,,,
GBP/USD about to CHANGE trend?Hey tradomaniacs,
GBP/USD is right now at a very crucial price-area and could either continue or change the trend.
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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BTC: Geometry Analysis
Hi All,
I made a simple geometry approach to have an insight into the next move of BTC.
There is a very personal and professional reason for 33's angles. I can disclose it another day; this is not the post for it.
The analysis starts with time cycles in which we can see some prices consistently.
The converging points of the positive and negative angles displayed the next low and high prices. Here it is:
21 May 2020 $8661
14 Jun 2020 $9684
I do not pretend to give advice. This is just the result of hours thinking about it.
Bullish wedge formation34$ price target, stop loss 27$
TA x personal analysis = not investment advice
Best of Luck
Pressure Wave of SHO and WPZOBased upon
"Time Cycle Oscillators" published in IFTA journal 2018.
"Wave Period Zone Oscillator" published in IFTA Newsletter December, 2017.
Expected volatility after the SHI/SHO/WPO/WPZO forms a pressure wave (PW).
the volatility is higher when the PW is longer.
Akram
GBP/JPY short opportunity Looking into this trade for early next week or end of next week using ichimoku waves , time theory and %R .
The waves are forming a first wave of 13 bars , the corrective also 13-1 bars. I expect most likely a third wave with 13 bars as well but could also stopped earlier at 9 bars before correction.
I'll look at bearish cross with %R , a bearish candle with a trigger. An extension up to the 161.1 level is also possible. Looking into a short opportunity with confirmation.
Blending SHO with WPZOSHO : Based upon Akram El Sherbini's article "Time Cycle Oscillators" published in IFTA journal 2018.
WPZO : Based upon Akram El Sherbini's article "Wave Period Zone Oscillator" published in IFTA Newsletter December, 2017.
Signals
The signals of the oscillators can be confirmed when the SHO/WPZO triggers a buy/sell signal, and the WPZO/SHO follows by a buy/sell signal in a relatively narrow time interval.
Whipsaws
The whipsaw generated by one oscillator only is insignificant. If both the SHO and WPZO generate whipsaws at the same time, then most likely it is significant.
Divergences
The agreement between the SHO and WPZO on positive/negative divergences makes them more considerable.
By Akram El Sherbini