Market Sentiment The short-term sentiment has shifted to bearish after a strong bullish impulse failed to continue. Price initially formed a strong upward move but is now showing: Lower highs formationRejection near local resistanceBreakdown attempt from a rising trendline This indicates momentum exhaustion and potential transition into a pullback phase. Key LevelsMajor Support$4,437 ā Immediate…
#CGPT The price is moving within a descending channel on the hourly timeframe. It has reached the lower boundary and is trending towards a bounce. A retest of this boundary is expected. The Relative Strength Index (RSI) indicates a downward trend, and this trend is likely to continue due to the overbought condition. A key…
S&P 500 Elliott Wave Count Update(Re-examined ā yesterdayās night post was rushed) No change to the downward impulse scenario starting from the 2/11 high.Wave 2 is currently in progress as a flat correction (a-b-c).The move from the 3/23 low is viewed as a flat a-b-c structure. The b-wave low is around 6,350 (or extremely close)….
š HEG Ltd ā STWP Equity Snapshot Ticker: NSE: HEGSector: Industrial / Graphite ElectrodesCMP: 572.30 ā² (+13.75%)Learning Rating: āāāāā (High Momentum Expansion After Base Formation)Chart Pattern Observed: Volatility Contraction Breakout from Consolidation BaseCandlestick Context: Strong Bullish Expansion Candle with Wide Range Body HEG has displayed a powerful transition from a prolonged consolidation phase into a…
USDJPY closed the week right at a major resistance zone, printing a high at 160.25, just below the 2024 weekly high close at 160.70. This area is critical and could determine the next directional move. With heightened volatility driven by ongoing geopolitical tensions, the big question is: will we see a gap up at the…
FET broke out of the falling wedge, but the move is now facing clear rejection at a key resistance and near FVG zone. The breakout lacked strong follow-through, and with bearish divergence on RSI, momentum is fading right at resistance. This increases the probability of a fakeout rather than a confirmed reversal. If price continues…
I like the structure.But it still needs to prove itself. I have seen it overperform the other Nasdaq stocks and even be green when the Nasdaq is red. I like that. It will suffer from credit tightening and higher yields, but Tilray has paid off most of their debt, and ensured a free cash flow…
Nikkei225 Elliott Wave Count Update No change to the downward impulse scenario starting from the 2/26 high.However, the move from the 3/23 low ā which I previously interpreted as a flat C wave in 5-wave structure ā has been updated. I now see a contracting triangle in progress, with a high probability of continued sideways/choppy…
Long-Term View of KSE-100 through Detailed Technical Analysis (1-Day Timeframe) by The Chart Alchemist OverviewSince reaching a historical high of 191,000 points, the KSE-100 index initiated a sharp downward thrust, transitioning into a bearish trend within the broader weekly uptrend. Since January 2026, the index has consistently moved lower, with a recent low at 144,200…
In my previous analysis, I outlined a scenario where a break below the green dashed line before any corrective bounce would signal a bearish market structure. This update builds on that idea with a slight variation: Price has now broken below the lower boundary of the ascending channel, found temporary support at the blue dashed…
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