IS ETH low at 1530 going to hold?(1)ETH last low from the distribution seller bar at 1540 has been taken out. We see some settling at 1530 level with a low test buyer bar coming up. Once this low has confirmed, we will look at the 4H timeframe to get an early top towards confirming on daily and weekly.
For the weekly to continue going down, there is a less than 30% probability. So,highly probably, it may confirm its weekly bottom before carrying further south. Let's see if how the trade plans out according to our smart money framework and the VSA methodology.
We will be tracking this potential trade and updating the post as we go along on the charts and on video. Keep a look out for it traders.
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Refn image from our ealier post:
Trendpattern
Ascending Triangle pattern breakout in TCSTATA CONSULTANCY SERVICES LTD
Key highlights: 💡⚡
✅On 1Week Time Frame Stock Showing Breakout of Ascending triangle Pattern.
✅Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 4145+.
✅Can Go Long in this stock by placing a stop loss below 3350-.
NQ Power Range Report with FIB Ext - 9/14/2023 SessionCME_MINI:NQZ2023
- PR High: 15574.00
- PR Low: 15562.50
- NZ Spread: 25.5
Significant Economic Events
08:30 – Initial Jobless Claims
- Core Retail Sales
- PPI
- Retail Sales
Maintaining tight PR spread, low vol session open
- Maintaining daily range
- Heading back towards daily pivot high
Evening Stats (As of 12:05 AM)
- Weekend Gap: N/A
- Session Gap: -0.33% (open > 15807)
- Session Gap: -0.11% (open > 15939)
- Session Open ATR: 233.73
- Volume: 22K
- Open Int: 219K
- Trend Grade: Neutral
- From ATH: -6.9% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 16105
- Mid: 15247
- Short: 14675
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
Ascending Triangle pattern breakout in ZYDUSLIFEZYDUS LIFESCIENCE LTD
Key highlights: 💡⚡
✅On 1Hour Time Frame Stock Showing Breakout of Ascending triangle Pattern.
✅Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 670+.
✅Can Go Long in this stock by placing a stop loss below 630-.
Triangle pattern breakout in ALKEMALKEM LAB LTD
Key highlights: 💡⚡
✅On 1Hour Time Frame Stock Showing Breakout of triangle Pattern.
✅Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 3820+.
✅Can Go Long in this stock by placing a stop loss below 3620-.
Ascending Triangle pattern breakout in PELPIRAMAL ENTERPRISES LTD
Key highlights: 💡⚡
✅On 1Day Time Frame Stock Showing Breakout of Ascending triangle Pattern.
✅Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 1275+.
✅Can Go short in this stock by placing a stop loss below 1070-.
GOLD, to continue the bearish waveLast Thursday, gold price attempted to make a correction towards the $1930 PER ounce but was quickly rejected by the EMA-200/100 on the 4Hr time frame at $1929.814 which signifies that the bears are still in control in that region.
Last Friday, the price declines to 1919.085 at the time of market closure whereby the last two 4Hr candles closed below the trendline support that has been holding the bulls since 21st August 2023.
As long as the candles are closing below that trendline support signals the potential continuation of the bears movement down to the next significant level (1903).
Important news coming up this week which can alter the direction of the gold market so keep your eyes on the news on Wednesday to Friday. DXY has for the next consecutive 8 weeks been a bullish swing that could put more selling pressure on gold.
Wednesday: CPI
Thursday: PPI, retail sales and unemployment claims
Friday: Empire State Manufacturing Index and Prelim UoM Consumer Sentiment.
Resistance: 1925
Support: 1907, 1903, 1896
AKROUS Retraction at 50% FibThe Akro retracted to 50% Fib, where an intersection happens with a Daily Support level, and an upward trend line.
I believe that the upward trend will hold, and eventually will surpass the last high.
A Positive Trend Pattern!The candlestick indicates a stronger rebound after the share price bounced back before reaching to S2 line. The result from continuous price rebound can be seen in accumulated volumes where it exceeded the MA20 line.
The MACD and RSI show a positive signal, supporting the price uptrend pattern.
Let's put TOPGLOV in WL and watch out for action in price closed above the upper limit of the channel with the result in volumes.
R 0.945
S 0.720, 0685
wedge pattern reversal in ACCACC LTD
Key highlights: 💡⚡
📈On 1Day Time Frame Stock Showing Reversal of wedge Pattern .
📈 It can give movement upto the Reversal Final target of Below 1965+.
📈There have chances of breakdown of Resistance level too.
📈 After breakdown of Resistance level this stock can gives strong downside rally upto below 1745-.
📈 Can Go short in this stock by placing a stop loss Above 2180+.
Bullish Flag pattern breakout in IPCALABIpca laboratories Ltd
Key highlights: 💡⚡
✅On 1Day Time Frame Stock Showing Breakout of Bullish Flag Pattern.
✅ Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 1145+.
✅Can Go Long in this stock by placing a stop loss below 845-.
#NIFTY Intraday Support and Resistance Levels - 06/09/2023Nifty will be gap up opening in today's session. After opening nifty sustain above 19590 level and then possible upside rally up to 19710 in today's session. in case nifty trades below 19550 level then the downside target can go up to the 19430 level.
US30 Long Setup TP: 35646Today was a good day again to test the strenght of the US dollar, which remained strong. Red folder news was good for USD.
The DXY Index was also very strong today.
Looking at the US30 chart, 4H timeframe. I marked this zone it keeps coming back to in purple(resistance/counter zone).
All the way to the left some bullish imbalance(start of the zone).
After reaching some highs a few days ago it went down for a bit, back to this zone, passed it downward to just above 34000, where i see 2 nice 4H wicks, and the price went back up, past the purple zone again, came back into it again, and then one last 4H wick, touching the bottom of the zone and the price went upward again out of the zone.
From here i can see it reach 35646.
Will take 80% profits around 35200-35300 levels probably.
SL at 34672, just a bit below the purple zone.
If anyone has any ideas or feedback, all welcome!
Reversal Ascending Triangle pattern in SIEMENSSIEMENS
Key highlights: 💡
✅On 1 Day Time Frame Stock Showing Reversal of Ascending Triangle Pattern.
✅ It can give movement upto the Reversal final target of below 3600-.
✅There have chances of breakdown of Support level too.
✅ After breakdown of Support level this stock can gives strong downside rally upto below 3000-.
Gold buyAs is said in my previous anylisis that Gold will move to its 1946 level which was a key level for gold for two bug reasons one was we were having a Daily trendline and the 2nd one was H1 resistance level now the two confluance made us think that gold will reach its 1946 to 48 level and
For today we are still BUY baised as we are watching Gold prices we can see gold is forming a Bullish flag 🏳️ at the area of 1946-48 to 1940 level and is not still breaking above or down the flag as i said we are watching the price what it tells is on Monthly time frame we had a beautiful Hammer 🔨 pattern and on weekly also we are on a BUY position but as we said we had a rejection on daily timeframe it seemed to be a sell trade but for a scalp trader it was 50-60 pips trade but still gold is moving upwards if it breaks 1940 level and or 1946 level we will be having a sell trade to 1932 level previous support and 1960 level next resistance level respectively
So hope for the best what goes around
Descending Triangle breakdown in HDFCAMCHDFC ASSET MANAGMENT COMPANY LTD
Key highlights: 💡⚡
✅On1Hour Time Frame Stock Showing Breakdown of Descending Triangle Pattern .
✅ Strong bearish Candlestick Form on this timeframe.
✅It can give movement up to the Breakdown target of 2345-.
✅Can Go short in this stock by placing a stop loss above 2510+.
Ascending Triangle pattern breakout in LITIMINDTREELITIMINDTREE LTD
Key highlights: 💡⚡
✅On 1Day Time Frame Stock Showing Breakout of Ascending triangle Pattern .
✅Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 5700+.
✅Can Go short in this stock by placing a stop loss below 5110-.
Head & Shoulder pattern breakout in PIDILITINDPIDILITE INDUSTRIES LTD
Key highlights: 💡⚡
✅On 1Hour Time Frame Stock Showing Breakout of Head & Shoulder Pattern.
✅ Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 2616+.
✅Can Go Long in this stock by placing a stop loss below 2515-.
[INTRADAY] #BANKNIFTY PE & CE Levels(29/08/2023) Today will be gap up opening in BANKNIFTY . After opening if banknifty sustain above 44550 level then possible upside rally of 400-500 points upto 44950 Level. And this rally can extend for another 400 points if it gives breakout of 45050 level. Any Major downside only expected in case banknifty starts trading below 44450 level.