hello friends This currency experienced a strange pump and then the price stayed in the channel for about 230 days. Then, with the strength of your channel, you were able to show yourself Now it is pulling back to the top of the channel and the price is right to enter. There are three purchase steps that seem attractive and we have specified them for you. Don't forget capital management, friends. Be successful and profitable.
EUR/CAD 4-hour timeframe with respect to Wyckoff market cycle stages and current price action. Here's the step-by-step evaluation: Wyckoff Analysis Distribution Phase: The chart shows a prolonged sideways range at the top (above 1.50), suggesting a distribution phase. This is evident from the multiple rejections at the resistance zone around 1.51679. The volume during this range shows spikes on bearish candles, indicating selling pressure by smart money. Markdown Phase: Following the breakdown from the range, the price formed a clear impulsive downtrend, completing a 5-wave Elliott pattern (labeled as 1 to 5 in the chart). The markdown culminated near 1.44886, which aligns with strong support and Fibonacci extension levels (1.618 at 1.45131). Volume increased significantly.
POTENTIAL TRAGET 26 SHORT TERM TARGETS ARE OUTLINED I believe pull back will come after 7.95 -7.10 zone is covered 4.73-4.50 is great zone to add NIO is in buy program and momentum is bullish on institutional level
Monthly count of SPX currently on wave 5 and forming ending diagonal? for daily and weekly structure im seeing a correction for wave 4 (red) let's see how the story fold.
US100 has been in a bullish trend for some time, but now this momentum seems to be fading each time the indices tries to go up higher. As price action is currently developing, a potential drop will happen if the indices fails to find stability above 21600. Alternatively, finding upward strength above this mark, the bullish move will resume further.
a market structure waiting to see how this play out but i still believe bears might broke the structure and move lower ,we wait to see what happens next
I’ve identified a bullish triangle forming on GBPUSD. The price is consolidating, and a breakout on either side could signal a strong move.
Go through the analysis carefully and do trade accordingly. Anup 'BIAS for the day (10-12-2024) Current price- 2680 "NA" Do trade as suggested -POSSIBILITY-1 Wait (as geopolitical situation are worsening ) -POSSIBILITY-2 Wait (as geopolitical situation are worsening) Best of luck Never risk more than 1% of principal to follow any position. Support us by liking and sharing the post.
Nifty levels are based on imbalances 1. gapup 24780 long 2. 24780-24650 trade reversal 3. gapdown 24600 short
This is a very basic level analysis here on Saksoft Ltd. A possible short term upside recovery possible if the cup and handle pattern here works out. The targets : T1 marked is the depth of the Cup and the T2 is the start of the downwards trendline which is obvious hence not drawn.