AVN (Intraday/Short Swing)AVN is in a bullish trend. 2 hourly channel tops. Consolidating to go for further targets at 63 after crossing 66 is our next target.
Sell AVN from 63-66.
Buy AVN from 59-61.
SL At 57.
AVN trade ideas
Test Case - Bullish Divergence will Play or H&S Pattern?Bullish Divergence on Daily TF
H&S Pattern yet to complete its Right Shoulder
Bullish Pin Bar* Bullish Pin Bar & Closing Just Above
Symmetrical Triangle on Daily Basis
* Bullish on Hourly Basis
* 62 should be Crossed & Sustained for
Further Upside
AVN is BullishAVN has finally given a breakout from the declining phase, and is currently breaking the previous lower high. After the formation of a higher high, a bullish rally is expected to be triggered from here. Targets are mentioned on the chart.
ABCD Patterns in play!Bullish Divergence on Daily TF
Also ABCD pattern is completed around 46
However, another ABCD Pattern is in play and
we may witness 43 - 44
AVN bull run continuesAVN broke the long continued bull run as seen in the charts.
Onto its next support
AVN is in major wave [5] since 2023๐๐จ๐ง๐ -๐ญ๐๐ซ๐ฆ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ ๐๐๐ง-๐๐ (Weekly TF)
๐๐๐ซ๐ข๐ฉ๐ญ: Avancoen (๐จ๐ฝ๐ต)
Considering the price action, and price 40.5 as the bottom of larger wave and start of wave , there are two major scenarios for a ๐๐๐๐๐๐๐ ๐๐๐๐๐๐๐๐ ๐ค๐๐ฃ๐.
๐ - ๐๐๐๐๐ข๐ง๐ ๐๐ข๐๐ ๐จ๐ง๐๐ฅ ๐ฌ๐๐๐ง๐๐ซ๐ข๐จ ๐: (๐๐ฅ๐๐๐ค ๐ฅ๐ข๐ง๐๐ฌ)
1- The wave movement does not seems to be
impulsive, rather more looks like diagonal since
wave 3 in wave (1) of major wave is only 1:1
which is characteristic of non-impulsive wave 3.
2- Secondly the ๐๐๐ก๐๐๐๐๐๐๐๐ก ๐๐ ๐ค๐๐ฃ๐ 4 trespassing
61.8% also indicates diagonal characteristic.
3- In a diagonal case the wave 4 can retrace beyond the border of wave 1 top and can extend down to 88% (~47 price).
4- In diagonals ๐ค๐๐ฃ๐ 5 ๐๐๐ฆ ๐๐๐ก ๐๐ ๐๐ฅ๐ก๐๐๐๐๐,
hence the ๐๐๐ ๐ ๐๐๐๐ ๐ก๐๐๐๐๐ก๐ ๐๐๐ ๐ค๐๐ฃ๐ 5 could be
61.8% or 78.6% i.e. (69.35 ๐๐ 75.65, ๐๐๐ ๐๐๐๐ก๐๐ฃ๐๐๐ฆ).
๐- ๐๐๐๐๐ข๐ง๐ ๐๐ข๐๐ ๐จ๐ง๐๐ฅ ๐ฌ๐๐๐ง๐๐ซ๐ข๐จ ๐: (๐๐๐ ๐ฅ๐ข๐ง๐๐ฌ)
1- Since the length of ๐กโ๐๐๐ ๐๐๐๐ข๐๐ ๐ ๐ค๐๐ฃ๐ is only 1:1 which is characteristic of ๐ค๐๐ฃ๐ ๐ถ,
therefore the possibility of wave 3 in wave (1) of wave can be ignored.
2- The possibility of wave C formation can also be supported if the current corrective wave can
retrace ๐๐๐ฆ๐๐๐ 61.8% ๐๐๐๐๐๐๐ก๐๐๐ ๐ ๐ข๐๐ ๐ก๐๐๐ก๐๐๐๐๐ฆ.
3- In this scenario the top of wave C is considered as wave 1 top of wave (1) of wave .
4- the correction will be of wave 2, and ๐ค๐๐ฃ๐ 2 has the chances ๐ก๐ ๐๐๐ก๐๐๐๐ ๐๐ ๐๐ข๐โ ๐๐ 88.2%).
5- Thus the downtrend bottom value could be ๐๐๐ก๐ค๐๐๐ 41-43.
๐๐จ๐ง๐๐ฅ๐ฎ๐ฌ๐ข๐จ๐ง๐ฌ:
The price action suggests that the ๐๐๐ค๐๐ก๐๐๐๐ ๐๐๐ฃ๐๐๐๐๐ก ๐๐ ๐ ๐ก๐๐๐ ๐๐๐๐๐๐๐ and the ๐ ๐๐๐๐๐๐๐ ๐ต ๐๐๐๐๐ ๐๐๐๐ ๐๐๐๐๐๐๐๐, which means that we can see a retracement all the way down to 47-49 ๐๐ ๐๐๐๐๐๐ ๐๐๐๐๐.
This also suggests that ๐๐๐ may be ๐ง๐จ๐ญ ๐ ๐ ๐จ๐จ๐ ๐๐ก๐จ๐ข๐๐ ๐๐จ๐ซ ๐ข๐ฆ๐ฉ๐ฎ๐ฅ๐ฌ๐ข๐ฏ๐ ๐ญ๐ซ๐๐๐ข๐ง๐ but could be a ๐ ๐ข๐๐ก๐๐๐๐ ๐๐๐๐๐๐๐๐ก๐ ๐๐๐ ๐โ๐๐๐๐๐ ๐๐๐ข๐๐ ๐ ๐๐๐๐ค๐๐ฆ๐ ๐ก๐๐๐๐๐๐.
๐๐จ๐ญ๐: ๐ด๐๐๐๐๐ ๐๐๐๐๐ 40.6 ๐๐๐๐๐๐๐
๐๐๐ ๐๐๐ ๐๐๐๐๐ ๐๐๐๐๐๐๐๐ (๐ฉ๐๐๐ ๐จ ๐๐๐
๐ฉ).
AVN AVN is trade with Head and shoulder pattern.
As the price is been on high bull run but now it seems like price is lacking bullish momentum after making Head and shoulder pattern , LH suggesting the sell pressure is about to start.
If the bears took control , the 1st target could be 37.
We can take short entry at break of neckline of Head and shoulder pattern so it'll be confirm that trend reverse
AVN is BullishAVN is extremely bullish at daily time frame, it is bouncing from the trendline, and defining new higher highs and higher lows according to Doe theory. The trend is more likely to continue further and there is ample room for growth in the price of the asset. The analysis further validated through AB=CD pattern projection. Targets are mentioned on the chart.
P.S Entry point is determined through Fib retracement level of 0.382
AVN PSX KSE100Price takes support from mid of channel.
Once Break the channel may move toward
--> 68 --> 76 --> 83
AVN continue to test the trendAVN tested the resistance and now trading around the zone. Upcoming days crucial with volume levels down.
PSX - AVN OulookAVN is heading to toward breakout. Go for long on breakout @59.47
Entry:59.47
SL: 52
TP1:66.47
TP2:73.47
AVN PSX KSE100AVN tested bottom now forming flat top Ascending Wedge pattern which is bearish reversal immediate TP around (Rs:70)
Sharing for Learning Prospect
Regard
#AVN #PSX #KSE100 #AVN AVENCEON Expected Swing. The Price is Approaching its expected bottom before it shows a major move.
AVN:PSX is likely for a Bullish Reversal on 1D timeframeAVN:PXS is presently in downtrend, printing LHs and LLs however on 31 Aug 23, it failed to establish a new LL are started consolidation. Bullish divergence on RSI is also observed on 1D as well as 1W timeframes establishing a confluence on a likely bullish reversal upon breaking above the previous H as marked on chart. Suitably, SL and TP have been marked on chart for a long position on AVN.
AVN PSX Symbol: AVN
Stance: Bullish
TP: 60
Disclaimer: please do not take as Buy/Sell Call its for just for practiceย purpose
AVN head and Shoulder pattern going shortAVN formed a head and shoulder pattern. I was working on this trade since August 16th and once the neckline formed I entered into a short trade with sell stop order on August 25, 2023. Although bearish divergence was not present, I still executed the trade knowing the pressure in the market which was evident in KSE 100 index and other tech leading scrips such as SYSTEM and TRG were forming divergence. Hence I took the weakness of the sector into consideration and neglected the divergence rule for the Head and shoulder pattern. Already TP1 hit and now waiting for TP2. Also I am anticipating PRZ where once bullish divergence is formed, I will go long after confirmation of a reversal via dow theory.
