Higher Time Frame (HTF) Perspective (Weekly Chart) Tesla has been in a strong uptrend since April 22, 2024, when it bounced from a major demand zone after being in a downtrend science Nov 2021. with a clear Elliot wave 1,2,and 3 formations, the impulsive Wave 3 on the HTF appears complete, with an expected retracement to Wave 4 levels in the $326–$293 zone, which aligns with a major demand area. This zone could serve as an excellent entry point for the next impulsive Wave 5 upward. Lower Time Frame (LTF) Perspective (4H Chart) Within the broader Wave 3, we see a potential wave extension forming as the 4H Wave 5, targeting the $470 level (1.618 Fibonacci extension of the Wave 3 move). A strong resistance area is forming near the $365 swing high, which must be cleared for further upside confirmation. Strategy Breakdown 1. Scenario: Bullish Continuation Buy Stop Entry: Place a buy stop order above the last swing high at ~$365 to confirm breakout momentum. Stop Loss: Below the swing low at ~$320, protecting against false breakouts. Take Profit Target: Aim for $470, the projected extension of the lower timeframe Wave 5. This setup ensures capturing the next leg higher while avoiding premature entries. 2. Scenario: Bearish Pullback If the price fails to break above $365 and pulls back, monitor the broader HTF Wave 4 retracement. Key demand zones are at $326–$293, supported by: Fibonacci retracement levels (50%–61.8% of the Wave 3 move). Historical accumulation zones. Action: Wait for consolidation or bullish reversal patterns in this zone before entering long positions for the anticipated HTF Wave 5 targeting higher highs. Risk-Reward Analysis Upside Potential: From a confirmed breakout at $365, the potential gain to $470 offers a reward of approximately 105/share, which is a 29% upside. Downside Risk: With a stop loss at $320, the risk per share is about 45/share, yielding a Risk-Reward Ratio of ~1:2.3. Adjust position sizing to maintain your account's risk tolerance (e.g., 1%-2% per trade). Analysis Summary Tesla's technical setup provides two viable trade scenarios: Riding the LTF Wave 5 to $470 if the $365 resistance breaks. Waiting for the HTF Wave 4 pullback to the $326–$293 demand zone for a safer long entry. "Be patient, monitor volume and momentum, and let price action confirm your entries." Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Trade responsibly and consider consulting a financial advisor before making trading decisions.
Rising Wedge and Falling Wedge Patterns: The chart shows a rising wedge early in the year, which led to a bearish breakdown. This aligns with the pattern’s general bearish implications. Following the rising wedge, a falling wedge pattern developed. The breakout from this falling wedge was bullish, leading to a significant upward move. Current Downtrend: Post the rising trendline breakout, the stock has entered a sharp correction phase, suggesting profit booking or fundamental concerns. It has broken key support levels and is now trading at ₹411.05. Targets: Bearish Target: The correction phase could continue to the next support level around ₹350. A further breakdown could push the stock to ₹280. Bullish Recovery: If the stock stabilizes at current levels and breaks above ₹450, it could target ₹500 as its first resistance zone. Volume Analysis: The recent price drop is accompanied by higher volume, confirming strong selling pressure. A reversal would require an increase in buying volume to sustain upward momentum. Support and Resistance: Immediate Support: ₹400 Key Resistance: ₹450 and ₹500 Fundamental Analysis of Jyothy Labs Business Overview: Jyothy Labs operates in the FMCG sector, specializing in home care, personal care, and fabric care products. It is a prominent player in the Indian market with well-known brands like Ujala, Margo, and Exo. Revenue and Profit Trends: The company has shown consistent revenue growth, driven by strong rural demand and robust distribution channels. However, profit margins have been under pressure due to rising input costs and competition from larger FMCG players like HUL and ITC. Competitive Edge: Jyothy Labs benefits from its strong brand recall in the mid-segment market. Its focus on affordable and essential products ensures steady demand, particularly in rural areas. Challenges: The FMCG sector is witnessing intense competition, and larger players have been aggressively increasing their market share in both urban and rural areas. Rising raw material costs (e.g., crude derivatives) could continue to pressure margins. Sector Outlook: The FMCG sector in India remains promising, driven by rising disposable incomes, increasing rural penetration, and urban premiumization. Jyothy Labs is well-positioned to benefit, but its growth could lag behind larger competitors. Conclusion: Technical Outlook: The stock is currently in a downtrend, having breached critical support levels. The next immediate support lies at ₹400, and if breached, it could head toward ₹350 or lower. On recovery, ₹450 is the first resistance to watch, with further upside to ₹500 if momentum sustains. Fundamental Outlook: Jyothy Labs has a solid brand presence and steady revenue growth but faces challenges with margin pressures and increased competition. While its long-term outlook is stable, near-term growth could remain muted.
BINANCE:AEVOUSDT is forming a market bottom. Against the backdrop of bitcoin's declining dominance, altcoins have a great chance of realization. And AEVO has an opportunity for a 200-400% rally https://www.tradingview.com/x/cNdVAIhg/ Relative to the bottom, the coin is forming a consolidation of 0.269 - 0.534. Consolidation is big enough and if the realization starts, the impulse can be formed quite aggressive, especially on the background of excitement. Technically, the emphasis is on 0.534 - 0.594. If the price breaks this resistance area and the bulls are able to keep the defense above this zone, the coin will open the way to 0.8, 1.12, 1.34, which is a 200-400% move. Resistance levels: 0.534, 0.594 Support levels: 0.455, 0.269 A breakthrough of the first line of defense is being formed. The bulls have quite positive chances. Realization can start any minute. Medium-term target is 1.127, long-term target is 1.34 Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:AEVOUSDT ;) Regards R. Linda!
NZDUSD is showing reversal double bottom pattern at support level and with the confluence of fib 0.5 the divergence is also showed up on 1H TFM and the 4H TFM is also showing a good divergence so the bias on this trade is Bullish
2$ 1$ and come to new Ath on alt Season better hold for long time :D
This chart depicts a consolidation phase with price action fluctuating between support and resistance levels. The market currently trades within a range, with key levels providing opportunities for both bullish and bearish scenarios. Key Observations Trend Overview: Gold remains in a sideways consolidation phase, trading between the $2,620–$2,662 range. The price attempted to test the resistance near $2,662 but faced rejection, suggesting sellers are active at higher levels. Support Levels: $2,620–$2,622: A critical short-term support zone, marked by the presence of a Buy Side Order Block. $2,602–$2,605: Next major support zone if price breaks below the immediate support. $2,585–$2,590: A strong demand area and a potential target for a bearish move. Resistance Levels: $2,662–$2,665: Immediate resistance zone where sellers dominate, reinforced by liquidity voids. $2,711–$2,715: Major resistance zone and an extended target for a bullish breakout. Volume Analysis: Sell Volume (203.25K): High sell-side activity suggests resistance near $2,662. Buy Volume (2.567M): Buyers are stepping in near the $2,620–$2,622 support zone to prevent further downside. Key Levels: NY Midnight Open: Positioned at $2,640.31, acting as an intraday pivot level. Bullish Scenario Conditions for a Bullish Move: Price must hold above the support at $2,620 and break above the resistance at $2,662. Sustained buying momentum could target higher levels at the top of the range. Entry Points: Aggressive Entry: Buy near $2,620–$2,622, with a stop-loss below $2,610. Conservative Entry: Enter on a breakout above $2,662, with a stop-loss below $2,650, targeting higher levels. Exit Points (Take Profit): First Target: $2,662–$2,665 (liquidity void resistance). Second Target: $2,711–$2,715 (major resistance zone). Invalidation: A breakdown below $2,610 would invalidate the bullish scenario. Bearish Scenario Conditions for a Bearish Move: Price fails to break above $2,662 or rejects near this level. A breakdown below $2,620 would signal bearish continuation. Entry Points: Aggressive Entry: Short near $2,662, with a stop-loss above $2,670. Conservative Entry: Enter short after a confirmed breakdown below $2,620, with a stop-loss above $2,630. Exit Points (Take Profit): First Target: $2,605 (next support level). Second Target: $2,585–$2,590 (key demand zone). Invalidation: A breakout above $2,670 would invalidate the bearish setup. Key Indicators to Monitor Volume Analysis: Increasing buy volume near $2,620 strengthens the bullish case. Heavy sell volume near $2,662 would support the bearish outlook. Breakout Levels: A breakout above $2,662 signals bullish momentum, while a breakdown below $2,620 indicates bearish continuation. Order Blocks: The Buy Side Order Block near $2,620 is critical for maintaining bullish support. If price closes below this level, expect further downside. Summary of Probable Entry & Exit Points Scenario Entry Zone Stop-Loss Target Levels Bullish $2,620–$2,622 (Aggressive) or above $2,662 (Conservative) $2,610 $2,662, $2,711 Bearish $2,662 (Aggressive) or below $2,620 (Conservative) $2,670 $2,605, $2,585 Conclusion Bullish Outlook: If price holds above $2,620 and breaks above $2,662, expect a move toward $2,711. Bearish Outlook: A rejection at $2,662 or a breakdown below $2,620 could lead to declines toward $2,605 or lower. Traders should watch for a breakout or breakdown of the range to confirm the next major move while managing risk with appropriate stop-loss placements.
I will fix the profit in parts on altcoins. All targets on the dominance chart BTC.
Do not selll I think gold in sidewalk and the all market trends goes up also usdjpy take support and goes down then gold goes upside
The price is rising inside the corner pattern. The probability of hitting the previous high is potentially very high.
Ethereum’s price recently broke above the key resistance level at $3,800, completing the breakout from the Cup and Handle pattern. This breakout is a bullish signal, pointing to the potential for further upward momentum, with a target of $5,400. However, it’s normal for prices to pull back and retest the breakout level after such a move. This pullback serves two purposes: it tests whether the previous resistance at $3,800 can now act as support, and it helps the market consolidate before the next leg up. What to Watch For: Holding Above $3,800: If the price holds above $3,800 during this retest, it confirms the breakout as valid and sets the stage for further gains. A strong bounce from this level, especially with rising volume, is a sign of renewed bullish momentum. Key Support Level at $3,525: If the price falls below the handle low at $3,525, it would invalidate the pattern and could lead to further declines. Breakout Confirmation: For the next upward move to $5,400, buyers need to step in and push the price higher after this pullback. In conclusion, the pullback and retest of $3,800 is a typical and healthy part of the breakout process. If the level holds, the bullish target of $5,400 remains in play. As always, this is not financial advice. DYOR (Do Your Own Research) and manage your trades with caution.