Aurora shares have almost reached our turquoise Target Zone, which is located between C$8.39 and C$5.63. We primarily assume that this Zone should be approached next in the course of the current wave C. The low of wave C should also mark the end of the higher-level wave (2) in magenta, which will then clear the way for the subsequent wave (3).
Head and shoulder pattern... Primary target : 600 Final Target : 534.6
After seven bullish minor waves in H4 t.f., later on chart reached 65.5k with a HH shadow that hits 300% of previous candle putting fibo. inside of it, on coordinates 64500 and 64k. The red parallel channel shows where chart feel atracted. Combining this aspects I can assume chart will go bearish for the moment. Later on, it should reach 57k at least, completing...
Nifty has been moving very well within the channel range in the daily time frame. 22,000 is an important support level in this channel, and it's holding it very well for now. Today's close shows bulls are back in with a fight. I wouldn't enter into any short trade right now, if you are holding shorts, its a good time to exit
DOT experienced a decline last week. However, we consider this to be primarily part of the internal substructure of the orange wave (iii), which should extend well above the resistance at $8.50. In the short term, further setbacks to our orange Target Zone (between $4.85 and $6.58) are theoretically possible, which is why we are keeping this range active.
We have seen price break from longterm triangle pattern and is now breaking out of a secondary flag pattern. We are surely bullish now and price is targeting the highs. On the daily price has rejected the 50% fib level so I expect a double top to form if not more past that. But for now a double top. Now we wait for further confirmation of the break and play for...
The gold price should retrace a good bit further within the framework of the orange wave iii. Then, a small countermovement should set in, which, however, should be quickly followed by a further sell-off. After the end of the blue wave (i), we expect a (corrective) rise.
Starbucks recently moved lower into our Target Zone (between $86.38 and $68.39), where we anticipate the low for wave (B) in dark green. In the short term, the only thing missing here should be the completion of the subordinate wave (c) in magenta. So, we still grant the stock the space to head closer to the 100.00% Fibonacci. However, it is also 35% likely that...
Price has bounced off the 50% fib level on the daily chart and has also broken out of the triangle pattern previously created. Price currently sits at resistance so there are no clear long entries to play here that would be safe to take, but if price drops to previously lows, or creates a new higher high, then we can be waiting for the next leg towards the highs.
Tata Motors gives a Breakout of Cup and Handle Patten and seems very strong on Chart and we can see 1100 level in Coming few months
The British Pound continues its upward momentum against the US Dollar, however, there has been a decline below the 1.2550 mark after surging to a high in the past three weeks at 1.2634 following the release of the US Non-Farm Payrolls (NFP) report. On the 4-hour chart, the Relative Strength Index (RSI) has been trading above the 50 level and continues to trend...
GBP/USD is struggling to maintain its upward momentum and is trading below the 1.2550 level in the US trading session. Earlier in the day, disappointing April employment report from the US triggered a sell-off in the US Dolla (USD) and helped this currency pair reach its highest level in weeks above 1.2600. The disparity in economic data between the US and the UK...
EUR/USD is striving to hold above 1.0750 despite extending its upward momentum to the day's high at 1.0800. The strength of this currency pair is being supported by weaker-than-expected US NFP report, fueling expectations for an early interest rate cut by the Fed. Meanwhile, in the Eurozone, attention is focused on the European Central Bank (ECB), with many...
Crypto Analysis (4th May 2024) BTCUSD Analysis On the 4 hour timeframe, price action has swept the buyside liquidity and created a bearish BOS. There are 2 scenarios i am looking at currently. 1) Price rejects of the 4 hour OB and creates a 15 minute bearish Change of Character. Once it has done that, i will look for another 15 minute bearish BOS to...
EUR/USD continues to maintain its upward momentum as it surged to the 1.0800 level in Friday's US trading session, reflecting the weakness of the US Dollar following weaker-than-expected Non-Farm Payrolls (NFP) data. Meanwhile, the ISM Services Purchasing Managers Index (PMI) data for ISM services in April also fell short of expectations. This fuels expectations...
The price of gold dropped to $2,227 following the release of the report on non-farm payrolls and unemployment rate. However, afterwards, gold continued to trade steadily and ended the session around $2,300. While the price remains in a downward trend, there is potential for short-term recovery as it approaches the trendline. Nevertheless, if the price continues...
Gold recorded a slight increase to near $2,230 in Thursday's US trading session, amidst optimistic market sentiment, declining US treasury bond yields, and a weaker US dollar. In the Asian trading session on Friday, the price of gold continued to maintain stability, fluctuating around the $2,300 mark. Based on technical analysis on the 4-hour chart, the Relative...