Today will be flat opening expected in nifty. After opening important level is 23000. If nifty starts trading above 23050 then possible upside rally in opening session. If nifty not sustain above level and starts trading below 22950 then sharp downside expected upto 22800 and this can be extend further for 200+ points if nifty gives breakdown of 22750 level.
Monday, 13Jan25 there was a significant and well pronounced low followed by bullish price action for that week. 20jan25 the market formed a significant well pronounced high the noted high and lows are our weekly bsl and ssl it seems as though on Monday ,03Feb25 the market delivered price back towards the low of January 13th to tap into some underlying demand; on the 4h time frame there was a bullish order block identified, which is the point of interest. I applied fibs from the swing low of January 13th to the high of January 20th. The market tested the 88.6% fib level on which corresponded with the mean threshold of the p.o.i. This event formed a higher low signifying the markets desire to go higher especially after the change of character between the 13th and the 20th of January * I find it very interesting that 13 minus 20 is 3. Would this help with anticipating what day an event would take place ?
Trading Idea 1) Find a FIBO slingshot 2) Check FIBO 61.80% level 3) Entry Point > 174/61.80% Chart time frame: D A) 15 min(1W-3M) B) 1 hr(3M-6M) C) 4 hr(6M-1year) D) 1 day(1-3years) Stock progress: B A) Keep rising over 61.80% resistance B) 61.80% resistance C) 61.80% support D) Hit the bottom E) Hit the top Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support point and enter. It can be referred to as buying at the pullback point. The pullback point can be found with a Fibonacci extension of 61.80%. This is a step to find entry level. 1) Find a triangle (Fibonacci Speed Fan Line) that connects the high (resistance) and low (support) points of the stock in progress, where it is continuously expressed as a Slingshot, 2) and create a Fibonacci extension level for the first rising wave from the start point of slingshot pattern. When the current price goes over 61.80% level , that can be a good entry point, especially if the SMA 100 and 200 curves are gathered together at 61.80%, it is a very good entry point. As a great help, tradingview provides these Fibonacci speed fan lines and extension levels with ease. So if you use the Fibonacci fan line, the extension level, and the SMA 100/200 curve well, you can find an entry point for the stock market. At least you have to enter at this low point to avoid trading failure, and if you are skilled at entering this low point, with fibonacci6180 technique, your reading skill to chart will be greatly improved. If you want to do day trading, please set the time frame to 5 minutes or 15 minutes, and you will see many of the low point of rising stocks. If want to prefer long term range trading, you can set the time frame to 1 hr or 1 day.
YOU DON’T WANT TO GO LONG AT A DOWNWARD FACING MOVING AVERAGE - And in Friday’s Trading Range we had two of them. The 50 Day Moving average and the 30min 200MA and we got SMACKed back down after gapping over those on Friday. So Last Week was inflation Data. Monday we opened under the 35EMA and the 35EMA was underneath the 30min 200MA. That is a bearish signal. You can see how it acted as resistance and Tuesday we followed through with a gap down. Wednesday was CPI which came in hot and we gapped down to start the day and then traded up but still closed in the red. Thursday was PPI which was also hot and that brought us back to the 35EMA and we closed above it. Friday we made a run for the 50 Day moving average and opened with a gap above it - and you don’t want to go long at a downward facing moving average. Just a general rule of thumb and the 50 Day MA has a pretty decent downward momentum teamed up with the 30min 200MA that was going to get smacked. It just was. IWM closed flat on Friday -.08%
Expecting retracement down to 607 if it breaks pass 604 liquidation it may fall all the way to 586 area to clear the large gap zone https://www.tradingview.com/x/x92r7e3h
Its very possible for DOGE to reach $10 this coming altseason, I believe we are now on the primary wave 5 just completing the subwaves of 1-2 will give us a boost for a potential price discovery for DOGE.
FREMA bands offer a dynamic edge over traditional ATR-based volatility bands by adapting to real buying and selling pressure (bullish and bearish part of candles) rather than just price movement. Unlike ATR bands, which expand symmetrically based on historical volatility, FREMA bands widen asymmetrically — expanding more on the upside during strong buying pressure and on the downside when selling dominates. This makes them highly effective for identifying momentum early, spotting true breakouts, and distinguishing strong trends from choppy markets. By responding directly to market psychology, they provide superior trade entries and exits, minimizing noise in ranging conditions while highlighting areas of genuine demand and supply shifts. For traders seeking a more responsive, trend-sensitive tool, FREMA bands deliver a clearer picture of market dynamics compared to conventional volatility indicators. RESEARCH Testing how price behaves within 2 types of linear extensions: Horizontal While giving an impression of being static, they're actually based on FREMA which is dynamic. Use Horizontal Levels when expecting price to respect historical support/resistance, especially in sideways or mean-reverting markets. Directional Gives an immediate clue of being adaptable to the general angle of trend. Use Linear Extensions when trading with momentum or trend continuation, as they adapt to market directionality. Will price respect the static balance of past support and resistance, or will momentum dictate its own path along the trajectory of directional expansion? By tracking price interactions with both projections, we’ll uncover which model best maps the market’s intentions, offering valuable insights for future setups. Stay tuned as we register these behaviors in real-time because once the market chooses its guide, the next move could be crystal clear.
L3 Possible break upwards out of triangle pattern headed towards 141% fib level
I am longing USD/AUD from 1.5750 Target 1 - 1.6050 Target 2 - 1.63 I believe we have completed an Elliot wave structure and expect to see upside from this location. In addition, the stochastic RSI on the daily time frame is oversold.
In my own Opinion this is a strong buy setup Been assessing this market for a few weeks now and price has been consolidating. We are looking to breakout of this consolidation to at least sweep the buy side Liquidity. Wont be breaking down the market as I have a few times now but thought to share the setup. Shall link the Outlook to this post