strong reverse buy in gbpusd 2 critical location with trend
GOLDIAM cmp 401, looks good for reversal TL & Avwap support is there.
Analysis of the Chart (Jindal Stainless Ltd - NSE, Weekly Timeframe) 1. Elliott Wave Structure Wave (1) and (2) are complete. Wave (3) reached its peak and Wave (4) is forming, finding support near 549.90 INR (highlighted blue line). Wave (5) projection: The chart suggests a possible bullish move from Wave (4) to Wave (5), targeting new highs. 2. Fibonacci Retracement Levels 0.382 (553.40 INR) and 0.5 (465.85 INR) are key Fibonacci levels. Current support: The stock is bouncing from the 0.382 Fibonacci retracement level, indicating a potential reversal zone. If this level fails, the next major support is near 465 INR (0.5 level). 3. Price Action & Trendline Support The stock has been following an ascending channel, touching both the upper and lower trendlines. Currently, the price is near the lower boundary of the channel, which historically has acted as a strong support. A breakout above the mid-line of the channel could trigger Wave (5) rally. 4. RSI (Relative Strength Index) The RSI is 39.48, indicating mildly oversold conditions. The RSI-based moving average is 44.59, showing weakness but also potential for reversal. If RSI crosses above 50, it could signal bullish momentum. 5. Key Levels to Watch Immediate Support: 549.90 INR (current bounce level) Major Support: 465.85 INR (0.5 Fibonacci level) Resistance Levels: 605-610 INR (recent highs) 848 INR (previous peak & target for Wave 5) Conclusion ✅ Bullish Scenario: If the price holds 549 INR support and RSI improves, a potential Wave 5 rally could push the stock towards 700-850 INR in the coming months. ❌ Bearish Scenario: A breakdown below 465 INR could signal further downside towards 350-400 INR.
1. We have a swing low. 2.+MSS (Market Structural Shift) on the hour Internal Structure) 3. Back to the Fib Golden Zone - after the MSS. 4. and now it has a good reaction from that area. This is invalided IF BREAKS UNDER THE SWING LOW!! Your opinions matter?????
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? CN50USD Trade Setup ? Anticipating a corrective move on CN50USD as price approaches key resistance. A retracement towards 12,917 is on the radar. ? Current Price: 13,308 ? Target: 12,917 ? Timeframe: 8H ? Market Outlook: Watching for a shift in momentum. ? Let’s see if this plays out! Thoughts? Drop your analysis below! ??? #Trading #StockMarket #Forex #TechnicalAnalysis #CN50USD #Indices #MarketMoves #PriceAction
1. Trendline & Support Levels: A long-term upward trendline (dashed pink line) is drawn connecting significant lows. The price recently tested the trendline support and rebounded slightly, indicating a possible buying interest at this level. Historical bounces from this trendline (circled in purple) suggest it has been a strong support in the past. 2. RSI (Relative Strength Index) Analysis: The RSI is currently at 27.05, which is in the oversold zone (
Based on the time similarity here, TRX has formed into a potential bullish diametric pattern. The breakout from this sleeping gator range should indicate the next trend. Momentum and wave structure is favoring upside from here, but a break down from the range could quickly change that. Above the green horizonal line is an early bullish confirmation, and below the red horizonal line is an early bearish confirmation.
NASQ100 - wait for revised pattern formed then buy and TP it, always set SL.
1. Elliott-Wellen-Zählung: Welle (1) und (2) sind abgeschlossen. Erwartete Wellen (3), (4) und (5) deuten auf einen bullischen Trend hin. Potenzielle Zielzonen für Welle (5) liegen zwischen 5.685 EUR (161,8 % Fibo) und 6.073 EUR (178,6 % Fibo). 2. Unterstützungs- und Widerstandszonen: Unterstützung: Zwischen 2.372 EUR (61,8 % Fibo) und 1.952 EUR (78,6 % Fibo). Widerstände: 3.250 EUR, 3.637 EUR und 4.227 EUR. 3. Trendlinien: Eine grüne Aufwärtstrendlinie unterstützt den Kurs. Eine gelbe Abwärtstrendlinie wurde durchbrochen. 4. Mögliche Handelsstrategie: Falls der Kurs die Unterstützung hält, könnte ein Einstieg für eine langfristige Aufwärtsbewegung sinnvoll sein. Ein Bruch unter 1.950 EUR könnte den bullischen Ausblick gefährden.