After a redistribution phase where late buyers got wrecked at the top the market, we've seen price drop back down liquidating billions in buy orders in the past few weeks. I believe this Wave 4 shakeout will now be followed by another bull run, like we are seeing happen now.
https://www.tradingview.com/x/ylWzFM4v/ The daily chart of Bajaj Finance suggests an ongoing Elliott Wave triangle correction in Wave (4). Currently, the price appears to have completed Wave (d) near the upper trendline resistance, indicating a potential pullback towards the lower boundary (~₹6,533) to form Wave (e). If this structure holds, we could see a strong bullish breakout in Wave (5), targeting new highs. ? Key Observations: ✅ Triangle Formation: Price action is consolidating within a contracting structure. ✅ Wave (d) Completion? Price has touched the upper boundary, signaling a possible correction. ✅ Wave (e) Drop? A move towards ₹6,533 would complete the correction before a bullish leg up. ✅ Upside Target: A breakout from the triangle could lead to a strong rally beyond ₹9,000. ? Strategy: ? Short-term: Watching for a potential dip towards Wave (e) for a buying opportunity. ? Long-term: Bullish bias remains intact if the structure holds. ? Disclaimer: This is my personal analysis, and I may be completely wrong. This is for educational purposes only and should not be considered financial advice. Please conduct your own research before making any trading decisions. I am not a SEBI-registered analyst.
I think the market is still playing this fractal, will update later another chart, but Pics below We are just after second green EMA touch https://www.tradingview.com/x/t1Vwdpeo/
Hello, traders Price has created another record high which suggest the possible further growth in market, although, 3000$ remained a key level. There are two areas where price can reverse from, first one is current trading price or bigger correction towards 2950.
Elanco Animal Health NYSE:ELAN is riding my historical simple moving average and likely to make a move up soon. Insiders have recently been awarded options and bought $483,000+ worth of shares. Became profitable this year, low debt, P/E = 15x. Long at $11.16 Targets: $12.50 $14.50 $16.00 $17.50
clean as day continuation movement from NewYork session
EURUSD TRADING JOURNAL March18 Price in a bias bull Price is in a Premium M/W Premium daily range and a Premium previous range. Dealing range15 pips No NEWS March 17 Price delivery was premium to engineered equal lows, dip below the 50 take equal lows and rally taking buys side closing in a premium. Consolidation to expand small retrace and expand to consolidate. March 18 I suspect that while price is in a double premium we should see a retrace to the 50 1.08992 and watch for reaction and could price reach the .70 level and the FVG. Note price is rebalancing a HTF FVG, coming to the .75 level Watch for swings at 1 or 2 macro Watch what stops are taken My Model Factors Price will have to do the following for me to trade *session liquidity taken *macro time only *first presented FVG *4 candle pattern *every trading hour top down analysis 1 to i hour TF identify trading conditions based on candles *every hour mark out what price has done FOLLOW THE RULES
It has taken a Support from a Very Strong Level around 90 - 94. Immediate Resistance is around 110 - 113 Day / Swing Traders may enjoy 5 - 7 rupees profit. Good Support level is around 102.50 - 104.50 The Stock has the potential to reach upto 120 - 130 & if this level is Crossed with Good Volumes, Next Target can be around 150+ 96 is an Important level that should not break now.
? Long Setup ? Description: ASGN Incorporated (NYSE: ASGN) is forming a Head and Shoulders pattern. A breakout above the confirmation level would confirm the setup and indicate further upside potential. ? Trade Details: ? Entry: On breakout above confirmation level ? Stop Loss: 61.22 ? Target: 81.17 ? Confirmation: A break above the confirmation level with strong volume would validate the bullish setup. If the price drops below the support level, the pattern could be invalidated. Trade wisely! ??
XAUUSD made strong area between 2985-3000 the next Target is 3030 but any M30 candle close bellow 2980 can take the price to 2940