Entry conditions: (i) higher share price for ASX:BWP along with swing up of indicators such as DMI/RSI. Stop loss for the trade would be: (i) a close below the 200 day moving average (currently $3.43), or (ii) below the support level from the open of 28th November 2023 (i.e.: below $3.35), depending on risk tolerance.
There are only 1.44% of S&P Info Tech Stocks above the 50 DMA. Looking at history dating back to 2015, we generally get bounces around these zones. Even if bounces come, you would want SKFI to get back over the 50% range and hold. Failure to get back over and hold has historically let to more downside.
As you can see we've nearly completed the same amount of distance as the covid crash. With resistance provided by the ichimoku cloud and previous price level. Full recovery by August.
probably will break the resistance trend line Just noobie idea here
Buy Recommendation: Accumulate on weakness below 530-515. Risk Management: Set stop loss at 507. Target Price Range: 580-617. This strategy suggests buying SYS stock on dips, managing risk with a stop loss, and aiming for higher targets.
Still early into the month but this could signal a reversal.
The gold market is currently undergoing a corrective phase after completing a clear Elliott Wave 5-wave impulse structure to the upside, as marked on the chart. ? Wave Count Overview: The chart shows a completed 5-wave impulse structure labeled (1) to (5). The sub-waves within Wave (5) are also clearly detailed: (i), (ii), (iii), (iv), and (v). This suggests that the bullish cycle has likely peaked near the $3,080–$3,100 range. ? Expected Correction: A sharp downward move has already started after Wave (v), implying a potential ABC corrective pattern is underway. The arrow indicates a projected move towards the $2,960 support zone, marked by the first purple rectangle. This zone previously acted as resistance and now could serve as a demand area. ? Key Support Zones: $2,950–$2,970: Minor support based on the consolidation from mid-March. $2,850–$2,870: Stronger support level, also aligned with lower channel support and previous Wave (4). ? Trend Analysis: The price is still within a long-term rising channel. A breakdown below the $2,950 zone could bring gold toward the $2,850 zone, where the structure suggests more significant support. ? Conclusion: Gold appears to be entering a corrective phase after an extended bullish run. Traders should monitor how price reacts around the $2,950–$2,850 levels. A bounce from those zones could provide long opportunities, while a breakdown would confirm a deeper retracement. #gold #xauusd
ETHUSD 4HR BREAKOUT SECNARIO Looking for market to break above or below zones followed by confirmation.
As you can see we've nearly completed the same amount of distance as the covid crash. With resistance provided by the ichimoku cloud and previous price level. Full recovery by August.
Bitcoin is currently forming a symmetrical triangle on the 15-minute chart, with a falling resistance trendline and a rising support trendline. This setup is a classic indication of consolidation, and the price is likely to move for downside soon as it is reversing from upper band now. If Bitcoin manages to break above 83,737, we could see a breakout of this symmetrical triangle, On the flip side, if it breaks below the rising support, 82,313 could breakdown for downside and we can see further downside then, but now we are playing inside the symmetrical triangle only and we will try to book profit once price reaches lower band of the symmetrical triangle pattern. Disclaimer: This analysis is for educational purposes only. Please consult a financial advisor before making investment decisions. If you Found this helpful? Don’t forget to like, share, and drop your thoughts in the comments below.