GBP alongside EU has been very bearish, GBP looks more weaker and could seek these lows.
The industry PE of HAL is 92 and HAL is trading at just 38 PE as of today. The ROE and ROCE both above 20% with great fundamentals it seems like a great buying opportunity with this fall.
So, I’ve updated my wave count to better align with what has happened, and discovered something I had missed in the process. What I thought was wave E is probably better explained as a part of wave D, and the recent breakout was the final leg of wave D. Wave D in a triangle often ends with a breakout attempt, and my anticipation in seeing it earlier but it not being there has now been resolved! In redrawing it has become clear that wave D has been trading inside a rising wedge, which is now ripe for wave E to drop out of the bottom of it. I had missed this, but price is consolidating at the bottom of the wedge now. Target for a rising wedge as a continuation pattern is the start of the lower boundary of the wedge, which puts it at $1.98. However, wave E more often undershoots expectations, as opposed to overshoots them. So my target remains $2.15 - $2.05. There is the observation of alternating wave characteristics, so if wave D is long and complex, wave E is likely to be short and simple. The arrow pointing up at the end is what I expect, but that is based on hope. It could be an arrow down and I’d have just as many reasons to explain why it’s pointing down. So, although the weekly looks as though it’s possibly targeting $1.90 as a weekly ABC, the actual structure of the correction remains a triangle and so wave E undershoot remains keen in my mind. Just keeping it real, not doing any fudding or owt.
This analysis is focused on the USD/CHF currency pair, highlighting a potential bearish setup using price action and support/resistance zones. Key Observations: Resistance Zone: The price is currently reacting within a highlighted resistance zone (purple rectangle) near 0.91680, where selling pressure is evident after multiple rejections. Bearish Bias: The formation of bearish candlesticks suggests a potential move lower from this resistance area. Target Zone: A lower support zone around 0.91350 is identified as a possible target for this bearish move. This level aligns with prior consolidation, where buyers may attempt to regain control. Trade Idea: A short position could be initiated near the current resistance zone (0.91680) with an initial target around 0.91350. A deeper move might occur if bearish momentum increases, potentially breaching the lower support zone. Risk Management: Place a stop-loss above the resistance zone, ensuring proper risk-to-reward is maintained.
A really quick recap of last week for DIA We open the week with a gap up to the 30 minute 200MA got smacked down from there. We are currently in a down, trend lower lows and lower highs. And we’re trading considerably underneath the 50 day moving average and that 50 day momentum has flatlined.
Here is a more thorough analysis. Bitcoin's daily chart remains under pressure, with the 50-day moving average now sitting at $97,300 and curling downward, reinforcing its role as dynamic resistance. The inability to reclaim this moving average highlights the ongoing bearish momentum. Price action continues to hover near the key support zone between $88,800 and $90,600, which has been defended so far but remains fragile. The potential head-and-shoulders pattern is still in play, with the neckline around $91,300 being tested repeatedly. A daily close below this level, particularly on increasing volume, could confirm the bearish structure and suggest a deeper pullback. The measured move from this pattern targets significantly lower levels, adding to the caution. Lower time frames, such as the 4-hour chart, show oversold RSI levels, hinting at a possible short-term bounce. However, for bulls to regain control, Bitcoin needs to reclaim $99,860 as support and push above the 50-day MA. Until this happens, the trend remains bearish, and the risk of a breakdown below $88,800 persists. Traders should monitor the RSI for bullish divergence on lower time frames and watch for a high-volume move as a potential signal for the next significant direction. For now, the market remains in a precarious state, with bears maintaining the upper hand.
For times sake right now I’m going to just post this chart and I will be back to write a description later if it is even necessary. I just want a record of last week and how it played out before I move into the next days trading range. The week started at the red arrow And took a nose dive from there. 30 minute two under average is currently resistance and we’re trading pretty far underneath the 50 day moving average. Let me know your thoughts on IWM
The DXY's strength has pressured markets into critical territories, pushing the pound toward key support levels towards 1.2030. Fibonacci Extensions Using the Fibonacci extension tool on the corrective pattern between the July 2023 high (1.3125), October 2023 low (1.2030), and September 2024 high (1.3434), the notable 1.272 extension level aligns with the 1.2030 support. Momentum Indicators The Relative Strength Index (RSI) is retesting levels last seen in October 2023 and September 2022 at 24.30, indicating potential near-term reversal probabilities. What to Watch If current support holds, a reversal could push the pair toward resistance at 1.2770, coinciding with the upper border of the 15-year consolidation range. This would require a decisive close above the 2024 lows at 1.2330. If bearish pressures persist below the critical 1.20 level, further declines could target the 1.5 and 1.618 Fibonacci extension levels, aligning with the 1.18 and 1.1670 zones, respectively. - Razan Hilal, CMT
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Gemini has announced significant additions to its senior leadership team in Europe, having appointed Mark Jennings as Head of Europe, Daniel Slutzkin as Head of the UK, and Vijay Selvam as General Counsel, International.