Trade setup for Gols Futures MCX

2023년 12월 11일

Hi all, this analysis would be based on Elliott wave and neowave concept.
At 1 day time frame you will see market making terminal pattern (Expanding diagonal)- this also know as expanding wedge which has 5 waves unfolding, each wave further unfold in 3 sub waves.

long target for 5th to complete is 73500
Short trade setup ideas
when you zoom into 15 min chart market is making impulse move (impulse moves are nothing but imbalances where buyers are aggressive, and they ride the market.)

Short buy trade setup

buy side:- 61666
Stop loss would be 2 ATR.

1) Target:- 63957
2) targte:- 6447

2023년 12월 19일

액티브 트레이드

Can again reenter in long position this was accumulation zone and can see market has retraced in between 38.2-61.8 it has come to 50% as Strong buyer was building their position now market will take fly to uptrend . uptrend target still pending to complete.