Precision WiresLooks good to reach to that long term trendline resistance marked in Red
Safe entry above 86.5 based on weekly closing basis
RSI is above 65 and Volumes are also good
Gann Square
NTPCNTPC looks bullish in the long run as it breaks out of the critical Gann box levels and RSI > 65
PS Nifty PSE sector looks good as well after it has given a BO
PSE SectorPSE sector looks promising in the following days ahead as it breaks out long term resistance reaching ATH
NHPCNHPC : Nice setup right at the Gann square area where a good run is expected.
Volumes are good for the last 3 weeks and RSI picking up it's strength
Capacite InfraCapacite Infra:
Looks good to break the important level at 207 with more volumes coming in this week.
Expected to give a decent run once it crosses 207
Paradeep PhosphatesLooks good to break one of the Gann box levels and take entry only after that @59 based on closing basis
RSI is showing strength as well above 65 on daily TF
Volumes picking up and it crosses the volumes of last few daily candles in less than an hour of trading day today
Kilburn Engineering Looks good above 130 once it breaks out of the long term trendline
Fundamentallyba decent stock as well
Monthly candle is placed in a bullish area on the Gann square.
Entry can be taken only above the Trendline.
Gann Squre underlines 24.25k and 19k
This is an update for one of my previous ideas .
I've posted several Gann-Square-based analyses for the BTC market, but I feel this one could be the best of those.
If BTC marks a new low at least on the daily timeframe, which I feel is likely, my Gann Square should underline 24.25k and 19k as primary, and Gann Fan does 23.4k and 22.1 as secondary.
But, most importantly, Gann Square and Arcs spot support and resistance on the time axis.
If it is correctly working, and it looks like it is, we will soon reach the vacuum zone on the time axis, where we must witness a significant price action.
That would be roughly around June 12, obviously imminent.
But this may not be particularly surprising if we simply look at the candlesticks.
Stellaris wait and seeBe patient
If stellantis' price reaches $15.99
We'll add some Stellantis's shares
We know stellantis is worth far more than that
Going back to 31000 Renko and Gann Confirm? Combine a Renko Traditional 900 w/ a Gann Sq and found its possible we are heading back to 31000.. as well there is a firm support on 24200 if we can get it held it will shoot back to 30000 to 31000
SP500 Gann Square AnalysisThe SP500 index, which is in a downtrend in the long term, tries the trend many times. If the trend is broken, it will target the next trend follower level of $4400. If it is rejected from the trend, it must hold on to the arc.
Gann Square tells what?
I post the geometry—no precise prediction.
Recently I've thought that if the perma-bulls go short on measuring sticks, someone must help them handle the long-term thing.
But this could also apply to perma-bears- what would you see?
#SAIL - major resistance lineNSE:SAIL
Start investing on the breakout of trendline...
GANN THEORY
let hope
INVEST ON YOUR OWN RISK
BABA double bottom on 60 (long)My 1st try in Ideas.
China Zero-COVID + BABA double bottom on 60 and go up to 120 return to 90 and to 130 -> 160
Harmonic sequences: Cypher or Shark expected
BTC tried the Gann Square's arc and stagnated there for a while - the chart is developing precisely as we predicted .
After the black swan summons the dragon, a cypher (.786) or a shark (.886) pattern is expected next.
Usually, the chart rebounds approximately between 0.5 and 0.618, even when the consecutive pattern formation isn't inhibited.
However, we don't see any such break in the chart this time.
BTC exhibits immaculate movement of harmonic patterns sequence, which implies how deep and persistent this decline could be.
For the details of this analysis, please look at the related ideas below.
I will write an educational subject to explain the price action pattern shortly.
Potential Black swan would summon a dragon
BTC has been rejected at the apparent resistance of the 25200 zone.
Gann Square, as applied, also implies that the buy-side liquidity above is hard to reach.
Moreover, a harmonic black swan pattern (black) has formed, which would trigger another potential bearish harmonic pattern - a dragon (red).
The bearish dragon's target would be 0.618 (20104) -0.786 (19001).
However, given the Gann Square Arc's support, 0.618 or shallower is likely for the initial move.
Bearish dragon pattern unfolding
With a harmonic black swan's fluttering, BTC has broken the daily trendline (green) as the support, forming a red, bearish dragon pattern.
This price action is precisely what we predicted in our previous idea .
Please look at the related ideas for the further development expected to follow.
XAUUSD [1H]For Gold we still have a Positive outlook , as mentioned earlier
BUT ! we can see another Another drop before going up.
Is BTC forming a Bearish Flat?
In my previous ideas, I examined the possibility of the daily BTC chart forming a double zigzag, WXY, of which an X-wave may be about to complete. This hypothesis has yet to be invalidated.
X-waves often become what Elliott called flat corrections- so let's check the characteristics of a flat correction. As the name implies, a flat corrective wave has ABC waves of similar heights. However, the mutual ratio of "similar" can be 123.6%, 138.2%, or 161.8%, which is hardly even. Still, the movement is more horizontal in the big picture compared to the trending markets.
We might've already got B, extending in the 123.6-138.2% range of A, and C, which should be substantially at the "similar" height of A.
C could extend to around 138.2%, which is approximately 27. 5k. But, in any case, this height would be near the intersection of the Gann Square Arcs in my chart. This range would, of course, also include the previous high of roughly 25200.
Each time a high in the past is overcome, the range of time and price of an uptrend in Dow Theory widens, and we become more optimistic.
However, the possibility of a double zigzag in Elliott wave theory still hasn't been completely ruled out. In this case, a typical shape of an X wave, a flat (expanded), could be formed at the potential junction of a downward wave at the higher level. Plus, we've already got a bearish anti-Gartley harmonic pattern, which could induce immediate reversal.
Another possible Gann Square analysis with Fibo Channel
This is an alternative to my previous idea .
If 23k is a significant pivot, this reading will present a more convincing confluence.
I overlaid a Fibonacci Channel parallel to Gann Fan 8 x1 and horizontals tangent to the arc.
Difficult to adjust chart sizing in posting. Please scroll and expand the chart horizontally for the visibility of individual candles.
Note: Gann Square is a built-in drawing tool of TradingView. See reference here .
BTC Gann Squre and Arcs: Update
Gann Square, as applied, has exhibited surprisingly accurate S & R zones.
If this hypothetical mapping of potential pivot zones is still effective, BTCUSDT will challenge the next arc at around 25k, which is obviously a significant resistance zone.
From my personal experience, tangents to arcs, among other trendlines, often serve as S & R, at least for a short term.
So around 24.4k zone could also be what to watch.
*Unless 25.2k is broken, this idea is still coherent with my previous idea in which Gann Square and Arcs is applied differently.
Note: Gann Square is a built-in drawing tool of TradingView.
Please have a look at the linked description for more information on how to use this tool and its significance.
Ethereum is here.
ETH is here.
I don't rule out the possibility of a further breakout, but I see a potential for a pullback, at least.
For those who hate arcs, look at the daily RSI (14), blue, in the indicator pane.
Gann Square and Arcs is a built-in drawing tool of TradingView for technical analysis.
Trollers will be immediately reported.
