DXY Longs Expected Weakness in CHF Looking to Buy the support 88600 if market can break above and retest the area
Price has been trading within a range for over a week now. This structure to me still appears to be corrective. This week I would like to see price move lower towards the target boxes below. Rather the structure sub-divides again (most likely) or heads straight there in a 5-wave c wave remains to be seen. Either way, at this time, we're just waiting on it to break down again and head lower. Unless this is just the ugliest impulsive pattern you have ever seen in your life, I just don't see a pattern that points to a new ATH. I don't levitate off the ground, and thus don't know everything, but if you can find an impulsive pattern let me know. Every way I look at this thing, it points lower. Hopefully this week it reveals more of its plans.
2640 selling zone Next zone is sl 2652 Last low is tp 2606
AMEX:SPY December 2, 2024 15 Minutes. AMEX:SPY is tired. 603 targets achieved. But no strength. The move from low 595.20 to 603.35 is not smooth. Soe the last rise fro, 587.43 to 603.35 $ SPY need to hold 598 levels being 38.2% retracement. For the last rise 597.28 to603.35 599 must hold. I expect AMEX:SPY to be 598.5 to 603 levels today and tomorrow so the moving averages can up as 200 moving average is around 596 levels. Holding 598-599 my first target is 605 levels.
©Master of Elliott Wave: Hua (Shane) Cuong, CEWA-M (Master's Designation). Wave ((ii))-navy may have ended at 113.34, and wave ((iii))-navy is unfolding to push much higher, targeting 150.00. While price must remain above 113.34 to maintain this view.
Nifty opened with a gap-up on Friday, took support after filling gap and we seen a good rally. For today, buy Nifty if sustains above 24190 we expect to see an up-move towards 24240 and above levels. On the other side, if Nifty breaks 24050 on the downside we may see 24000 and lower levels marked the chart. Expectations: Volatile movement. Intraday Levels: Buy Above - 24190 Sell Below - 24050 To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India
Disclaimer: I am Not SEBI Registered adviser, please take advise from your financial adviser before investing in any stocks. Idea here shared is for education purpose only. Stock has given break out. Buy above high. Keep this stock in watch list. Buy above the High and do not forget to keep stop loss, best suitable for swing trading. Target and Stop loss Shown on Chart. Risk to Reward Ratio/ Target Ratio 1:1 Stop loss can be Trail when it make new box / Swing. Be Discipline, because discipline is the key to Success in Stock Market. Trade what you See Not what you Think.
Last trade did not go my way because there was more liquidity to be swept. On this trade we see another liquidy sweep on the 30m. We also see the highs got sweeped on 4hr timeframe. So I'm looking in on lower time frame for a break of structure to the downside to enter this trade. I also have created this Asian session reversal theory. I ran a bunch of back test and seen that most of Asia sessions have a reversal more often than not towards the beginning of the session. I am going to be testing this theory out for my real time trades to see if this could benefit into my trading plan. What do you guys think?
Detailed Chart Analysis: SUZLON ENERGY (Daily Timeframe) Technical Observations: Pattern Identified: The stock is completing a Wave 4 correction in an Elliott Wave structure, consolidating between ₹56 - ₹67 (Fibonacci retracement zone). Price Behavior: A bounce from this zone suggests the possibility of resuming the upward trend into Wave 5 . Buy Zone: ₹56 to ₹67 (Low-risk entry for a Wave 5 rally). Targets: First Target: ₹79 (Aligned with prior swing highs and resistance levels). Second Target: ₹90 - ₹94 (Based on Fibonacci projection for Wave 5). Stop Loss: Below ₹53.71 (Placing it slightly below Wave 4 support zone). Learning Points: Wave 4 Correction: Often acts as a consolidation phase before the continuation of the broader trend. Trend Continuation: A bounce from the Wave 4 zone confirms potential upside. Risk Mitigation: A stop loss below ₹53.71 ensures controlled risk in case of failure. Reason for Action: Wave 4 Zone Validation: Consolidation around ₹56 signals accumulation and potential bullish breakout. Target Rationale: Targets are aligned with Fibonacci projections for Wave 5. Stop Loss Importance: It minimizes risk while allowing participation in the uptrend. Disclaimer: I am not a SEBI-registered analyst. All analyses are for educational purposes only. Please consult your financial advisor before making any trading or investment decisions.
Uniswap is showing very strong momentum in the higher timeframes and if the price could stay above $18 it may send the price to $30 a monthly level and the fibonacci 0.618% from the may high 2021 to the jun lows 2022.