🟡 GOLD – Short-Term Technical Analysis- Chart Pattern Observed: Gold has formed an expanding triangle pattern on the current time frame. This pattern typically suggests high volatility and potential for sharp moves once a breakout or breakdown occurs. Key Observations: Price Action & Fibonacci Retracement: Gold has retraced 38.2% from the recent downtrend,...
📊 Dow Jones Intermediate Trend Analysis (Elliott Wave + AO + Volume) 🌀 Elliott Wave Interpretation The chart reflects a clear Elliott Wave count from the post-COVID low: Wave I and Wave II are well-established. Wave III is now completed, accompanied by a peak in AO — which aligns with classical Elliott theory where AO typically peaks during the 3rd wave,...
📊 Chart Structure Analysis (2h TF) The chart is forming a classic Triple Top or a Head and Shoulders variant (with the 2nd peak being the highest). All three peaks are touching the same horizontal resistance zone around ₹4,100–₹4,150. The bottom support (neckline) is consistent, around ₹3,400 – giving a clear rectangular range. This is a distribution pattern...
🔍 Pattern Identified: Butterfly Bearish Harmonic Pattern complete near the top. The right shoulder of the pattern has shown Positive Divergence: On Awesome Oscillator (AO) — price made higher highs while AO made lower highs. On Volume — clear divergence showing weakening momentum even as price tried to rise. These are strong early warning signals that smart money...
🧠 Dow Jones Industrial Average (DJI) - Technical Analysis 📅 Chart Date: April 2, 2025 🔍 Pattern Observations Previous Uptrend (Left Section of Chart): The chart shows a classic Head and Shoulders (H&S) pattern that formed after a strong uptrend. Left Shoulder, Head, and Right Shoulder were clearly formed and confirmed. The price reversed strongly after...
🧠 Technical Summary (As of Chart Date - April 1, 2025) Chart Type: 45-minute timeframe Indicators Used: AO (Awesome Oscillator) Volume Histogram Fibonacci Retracement Price Action Trendlines 📉 Bearish Signals Observed 1. AO (Awesome Oscillator) Negative Divergence Price has made a higher high, but AO is showing a lower high. This classic bearish...
📊 NCC Ltd – Short-Term Technical Analysis Chart Pattern: Wolfe Wave (Bearish Setup) Chart time frame - 15-min chart Current Price: ₹211.40 Critical Breakdown Level: ₹206.50 Target Price Zone: ₹198 Bias: Bearish short-term 🧠 Pattern Analysis: Wolfe Wave Wolfe Wave (points 1–5) structure is clearly formed, indicating a potential trend reversal. The break below...
📉 Technical Analysis – BTC/USD (Short-Term Outlook) Chart Pattern: Rising Flag Bias: Bearish continuation Current Price: ~$86,100 Target Price: $77,650 Pattern Implication: A rising flag is typically a bearish continuation pattern, forming after a sharp downward move (flagpole). Price consolidates upwards in a tight channel (the flag), then usually breaks...
Gold (XAU/USD) Analysis – March 25, 2025 Timeframe Observed: Likely 30-min or 1H Current Price: Around $3022.70 Visual Pattern: Multiple bearish flag formations after impulsive down legs Key Observations: 1. Bearish Flag Continuation Pattern Chart accurately highlights repeating bearish flags (tight upward channels after sharp down legs). These are...
NIFTY Analysis – March 25, 2025 Chart Observations: Timeframe: 30-minute chart Price: Currently at 23,715 Moving Averages: Multiple EMAs applied (likely your Trading BOW setup with 34EMA, 62EMA, 89EMA, and 144EMA), filled in a light gray band. Key Insights: 1. Price vs. EMA Divergence: There is a clear and large divergence between the price and the EMA...
Chart Pattern & Technical Structure: Current Price: ₹223.05, Chart Type: 2-hour candle "Pattern Observed: Falling parallel channel formation" Recent Action: Price recently touched the upper trendline of the descending channel, indicating resistance. Bearish Wave Count: Looks like the price has completed a corrective wave up and could be entering the next leg...
Technical Overview Current Price Action: Gold is currently in a corrective phase after a strong impulsive move upward. Elliott Wave Count: The structure indicates that Gold has completed Wave 3 and is now retracing into Wave 4, which is expected to find support before moving higher into Wave 5. Bearish Divergence on AO (Awesome Oscillator): The AO...
Current Market Structure: NIFTY is currently positioned at the upper boundary of a parallel channel. A reversal from this point could indicate a downward movement within the channel. The next significant support is around 21,500 levels, marking the first potential stop (SOTP). If bearish momentum continues, the lower parallel channel support...
Technical Overview: Pattern Formation: The chart suggests a double bottom breakdown setup. A double bottom is typically a bullish reversal pattern, but if the price breaks below the support (previous lows), it invalidates the bullish expectation and turns into a bearish breakdown scenario. Breakdown Confirmation: The neckline (previous low) is crucial in...
Current Market Structure Based on Elliott Wave Theory Higher Timeframe Structure (Red Waves) Gold has completed its higher-degree Wave 3 and is now expected to enter Wave 4, which is a corrective wave. A corrective move in Wave 4 typically retraces between 23.6% to 38.2% of Wave 3. The correction may take a zigzag (ABC), flat, or triangle formation before...
Elliott Wave Analysis: Primary Wave Count (Red) The primary wave structure indicates a completed Wave 4, confirming a corrective phase before a downward impulse begins. The Wave 4 retracement appears to be near the 38.2% Fibonacci level, which aligns with a standard correction before a continuation downward. Intermediate Wave Count (Purple) A smaller...
Pattern Formation Overview: The uploaded chart of DIXON suggests the formation of an Expanding Triangle (Broadening Formation), a pattern characterized by higher highs and lower lows, reflecting increasing volatility. This pattern typically forms in a corrective or consolidation phase before a decisive breakout. Key Characteristics of the Expanding Triangle in...
Impulse Wave (1-5)- , the chart shows a completed five-wave impulse structure (marked in pink). Wave 1 starts an upward rally. Wave 2 is a corrective pullback. Wave 3 is the strongest upward leg. Wave 4 consolidates before the final rally. Wave 5 completes the impulse move. Corrective Wave (ABC) A three-wave correction (ABC) has started after the impulse...