TSLA hourly ABC correctionOrder SELL TSLA NOV 18 '22 180 Put Limit 1.00 will be automatically canceled at 20230401 01:00:00 EST
TSLA hourly ABC correction I'll be glad to own TSLA for $180
Correction
NVDA, What is most likely future path ?Mighty NVDA reacted strongly to our first proposed support and first large down going wave might have been completed.
As shown on the chart , Major down going wave from ATH to last major low can be labeled as 5 leg down 12345 with wave 4 as inverted flat ( See related idea for details). Confirmation for completion of wave A is a trade above labeled wave 4 high and in this case we are now in wave B which is a great profitable counter trend correction to the major decline from ATH.
If true , What are major resistances on the NVDA's road map?
I showed less strong static resistances with orange while more strong ones were shown by red. Red static resistances coincide with 0.382 and 0.5 retracement levels of major decline from ATH . This makes these resistances important and noticeable. Moreover, 50 and 100 weeks moving averages coincide with 0.382 retracement level which makes this resistance even stronger therefore and for now, we should consider 195 to 208 USD resistance zone as a really important strong resistance area.
Please note counter trend corrections normally have 3 legs and NVDA is still in first leg which shows NVDA still has much room to go up if we are truly in wave B. It is wise to keep in mind that before taking wave 4 out, there is chance for this rally to be just counter trend correction of what has been labeled as wave 5.
while we are very close to NVDA's earning report, stochastic indicator is in overbought zone and please note time frame of chart is weekly therefore upcoming ER has very strong impact on future path of the stock.
In this proposed scenario, entire correction of NVDA will end around 70 USD after completion of 2nd large down going wave which has been shown as possible wave C with dashed arrow on the chart. Although I showed this possibility on the chart, it is too soon to talk about it especially in detail. If necessary, we will come back and make our updates in appropriate time .
Please do not hesitate to ask questions .
Wish you success and profits.
USDCHF Correction upward following PPIWelcome back! Let me know your thoughts in the comments!
**USDCHF - Listen to video!
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TASI Tadawul All Shares Index
Since Covid Bottom Level, market has taken 135% Bullish Rally until May 2022.
It has taken correction up to 22%.
It may retrace from any fib level.
H&S formation is complete and correction may lead to it's target.
However, a strong horizontal support will be help retracement.
Sell to Open WTI Nov 18 2022 5 Put Limit at $0.05 (Day)Sell to Open WTI Nov 18 2022 5 Put Limit at $0.05 (Day)
End of the correction
AUDUSD It will correct downward SHORT!Welcome back! Let me know your thoughts in the comments!
**AUDUSD - Listen to video!
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Possible rise of the cryptocurrency Galahello traders
We have a bullish motive wave and a correction. We expect to get another motive wave. If we get a break of the range with a strong candle, we can buy the targets as shown on the chart.
EURCHF I Correction and continuationWelcome back! Let me know your thoughts in the comments!
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DE daily bearish hammer not too late for an entryDE daily bearish hammer not too late for an entry gotta be quick before earnings
EURUSD I It will correct downward from resistance zone Welcome back! Let me know your thoughts in the comments!
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USDCAD 11 november 2022 - updateUSDCAD, like I predicted, is looking to test 200EMA and 1.31 area. Finally!
It will take a little bit of time until it goes back to Oct highs.
How far will EURUSD continueDuring the news yesterday, we had weak USD and a sharp rise on EURUSD.
It looks like this move will continue but you should not forget the Daily chart!
EURUSD is in a downtrend and this upside move could come to an end very soon!
The next level where we should see some reaction is 1,0284.
BAC - SHORT TERM CORRECTIONShares of Bank of America Corp rose 4.41% Thursday, on what proved to be an all-around favorable trading session for the stock market. The performance of the stock was mixed when compared to some of its competitors
In a short term, a correction is expected to the 0.5 Fibo level with a $34 price target. Further correction is possible as well. 2nd support is located at $31.
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The potential downside of gold hey traders
In today's session, we are looking forward to gold for a Selling opportunity if I get a clear break of the level of 1699.800
Trade is executed
GBPAUD - Fibo levels & Fake breakoutHere we explain further an analysis we dropped yesterday on GBPAUD.
We said that the pair is showing bearish behavior and mentioned that it should go further down to buyers liquidity level, however the pair rebounded upward shortly after. We immediately updated that it was a mere correction and this video explains how and why.
We hope you find this useful.
Love, Lacasafxfamily
Bank Nifty futuresDaily chart of Bank Nifty Futures
The Manual trend is bullish, and the candles are trading above 200 EMA which is bullish as well, but the resistance has been respected twice which makes the resistance strong one.
The pattern somewhat looks like a bearish double top as of now, but nothing is confirmed yet.
I cannot find any proper support above 37800 which means that the gap opens for almost 4000 points. Sounds huge but nothing that we haven't seen before.
Also, there is a slight bearish divergence which is a cherry on the top.
Bank Nifty has been in focus in the last week, and it wouldn't surprise me if the bulls are trapped soon.
*Disclaimer: I am not taking any trades as of now. My principle is to be with the trend. I will buy when the time is right, but I will not sell against the trend.
ETH update (H&S pattern awaiting confirmation-s?) In this chart I have drawn a channel containing and highlighting the H&S pattern developed by PA. the first shoulder and the head developed as a double top, and the second shoulder as a confirmation for the double top.
Now the last thing to wait for is a confirmation of the H&S pattern. I see two possible scenarios, the first one with one confirmation and then dump, which honestly I see as unlikely to happen.
Usually PA has a fractalic behavior, which makes me think that we are going to see a double confirmation on the H&S pattern similarly to what happened in the case of the double top, with maybe a smaller H&S pattern developing under the channel as a confirmation.
GBPUSD getting ready for next impulse?Just monitoring current correction phase on GU and also DXY. Think the Dollar still has some legs in it and will target the lows. Just keep monitoring order flow and go with the market. Good luck Traders!
