Analysis
1. PS (Preliminary Support): 569.00
The PS marks the initial support level at 569.00, where the market starts to find buying interest, and the downtrend begins to slow. This is where the market begins its accumulation phase.
2. AR (Automatic Rally): From 499.00 to 569.00
After the PS at 569.00, the price experiences an Automatic Rally from 499.00 to 569.00, driven by buying pressure. This rally shows a temporary price rise but hits 569.00, which acts as a key resistance level. The market experiences a pause here, with 569 serving as resistance.
3. SC (Selling Climax): From 618.00 to 499.00
The SC marks the lowest point where the market experiences a strong sell-off. The price reaches 499.00 after previously reaching 618.00, showing exhaustion in selling pressure and potentially indicating the end of the downtrend.
4. ST (Secondary Test): 478.35
After the SC, the market re-tests the 499.00 level but doesn’t fall below it, confirming that the downtrend is over. The ST level is at 478.35, which is the next level to observe as a potential stop-loss area. This is a confirmation that the selling pressure has been absorbed and that the market is setting up for a move higher.
5. Spring (March 25 - April 7, 2025)
Between March 25 to April 7, 2025, the market experiences a Spring, which represents a false breakdown below the support level. The price dips from 578.00 to 521.00, shaking out weak hands before reversing and moving up to 563.00. This creates a bullish setup as the market recovers from a temporary dip.
6. SOS (Sign of Strength):
After the Spring, the price breaks above 569.00, confirming that buying pressure is in control and the market is ready to move higher.
7. BU/LPS (Buying Up/Last Point of Support): 524.00
The BU/LPS occurs at 524.00, after which the price rises above 569.00, with a minor pullback before the next breakout. This level serves as the last buying point of support before the price continues its upward trajectory.
Break of Structure (BOS):
1. BOS 1:
The BOS 1 occurs at 569.00, which is the Automatic Rally's resistance level. The price breaks this level and targets 660.00. The BOS 1 signals that the accumulation phase has completed, and the market is now entering a markup phase. The current market price (CMP) is 620, and traders are waiting for the 660 target.
2. BOS 2:
The BOS 2 happens at 620.00, breaking through this level and targeting 754.00. This confirms that the market is accelerating in its upward move, with a break of structure signaling further momentum.
Resistance Levels:
Fair Value Gaps and Potential Slow Momentum Zones:
1. 643.00 and 607.00:
These levels represent previous bearish fair value gaps, where the price could face slower momentum or sideways movement before continuing its trend. If these levels are tested, the price may experience some hesitation, leading to consolidation or range-bound trading.
2. Downward Trend Breakdown Targets:
Target 1: 552.00
Target 2: 520.00
These levels could act as the next possible points for the price if the market breaks down from its current bullish trend. The 520.00 level is likely to be a higher low (HL) of the trend that could set up for another breakout.
Gap Breakouts:
Gap Breakout at 643.00:
If the price breaks through the 643.00 level, it will open up the target for 690.00 and 754.00, suggesting a significant acceleration in the bullish trend. A break above 643.00 will confirm the continuation of the upward move with higher momentum.
RT-ABCD and Trendline Analysis:
RT-ABCD:
The RT-ABCD method is used to track key trendlines, with the ABCD pattern acting as a strong trendline that may act as support or resistance in the future. If the price breaks this line, it will likely gain momentum and strength, confirming that the market is moving in a sustained upward direction.
Final Summary of Key Levels:
Disclaimer: lnkd.in/gJJDnvn2
1. PS (Preliminary Support): 569.00
The PS marks the initial support level at 569.00, where the market starts to find buying interest, and the downtrend begins to slow. This is where the market begins its accumulation phase.
2. AR (Automatic Rally): From 499.00 to 569.00
After the PS at 569.00, the price experiences an Automatic Rally from 499.00 to 569.00, driven by buying pressure. This rally shows a temporary price rise but hits 569.00, which acts as a key resistance level. The market experiences a pause here, with 569 serving as resistance.
3. SC (Selling Climax): From 618.00 to 499.00
The SC marks the lowest point where the market experiences a strong sell-off. The price reaches 499.00 after previously reaching 618.00, showing exhaustion in selling pressure and potentially indicating the end of the downtrend.
4. ST (Secondary Test): 478.35
After the SC, the market re-tests the 499.00 level but doesn’t fall below it, confirming that the downtrend is over. The ST level is at 478.35, which is the next level to observe as a potential stop-loss area. This is a confirmation that the selling pressure has been absorbed and that the market is setting up for a move higher.
5. Spring (March 25 - April 7, 2025)
Between March 25 to April 7, 2025, the market experiences a Spring, which represents a false breakdown below the support level. The price dips from 578.00 to 521.00, shaking out weak hands before reversing and moving up to 563.00. This creates a bullish setup as the market recovers from a temporary dip.
6. SOS (Sign of Strength):
After the Spring, the price breaks above 569.00, confirming that buying pressure is in control and the market is ready to move higher.
7. BU/LPS (Buying Up/Last Point of Support): 524.00
The BU/LPS occurs at 524.00, after which the price rises above 569.00, with a minor pullback before the next breakout. This level serves as the last buying point of support before the price continues its upward trajectory.
Break of Structure (BOS):
1. BOS 1:
The BOS 1 occurs at 569.00, which is the Automatic Rally's resistance level. The price breaks this level and targets 660.00. The BOS 1 signals that the accumulation phase has completed, and the market is now entering a markup phase. The current market price (CMP) is 620, and traders are waiting for the 660 target.
2. BOS 2:
The BOS 2 happens at 620.00, breaking through this level and targeting 754.00. This confirms that the market is accelerating in its upward move, with a break of structure signaling further momentum.
Resistance Levels:
- 688.75 and 680.00: These are critical resistance levels that must be overcome for further upward movement.
- 754.90: The highest resistance level, which the price may need to break through to confirm a strong bullish trend.
Fair Value Gaps and Potential Slow Momentum Zones:
1. 643.00 and 607.00:
These levels represent previous bearish fair value gaps, where the price could face slower momentum or sideways movement before continuing its trend. If these levels are tested, the price may experience some hesitation, leading to consolidation or range-bound trading.
2. Downward Trend Breakdown Targets:
Target 1: 552.00
Target 2: 520.00
These levels could act as the next possible points for the price if the market breaks down from its current bullish trend. The 520.00 level is likely to be a higher low (HL) of the trend that could set up for another breakout.
Gap Breakouts:
Gap Breakout at 643.00:
If the price breaks through the 643.00 level, it will open up the target for 690.00 and 754.00, suggesting a significant acceleration in the bullish trend. A break above 643.00 will confirm the continuation of the upward move with higher momentum.
RT-ABCD and Trendline Analysis:
RT-ABCD:
The RT-ABCD method is used to track key trendlines, with the ABCD pattern acting as a strong trendline that may act as support or resistance in the future. If the price breaks this line, it will likely gain momentum and strength, confirming that the market is moving in a sustained upward direction.
Final Summary of Key Levels:
- PS (Preliminary Support): 569.00
- AR (Automatic Rally): From 499.00 to 569.00
- SC (Selling Climax): From 618.00 to 499.00
- ST (Secondary Test): 478.35
- Spring (March 25 - April 7, 2025): 578.00 to 521.00 and 521.00 to 563.00
- SOS (Sign of Strength): After the Spring, price breaks above 569.00
- BU/LPS (Buying Up/Last Point of Support): 524.00
- BOS 1: Break above 569.00 for target 660.00
- BOS 2: Break above 620.00 for target 754.00
- Resistance Levels: 688.75, 680.00, 754.90
- Fair Value Gap Levels: 643.00, 607.00
- Downtrend Breakdown Targets: 552.00, 520.00
- Gap Breakout Targets: 690.00, 754.00
- RT-ABCD Trendline Resistance: Key trendline that may provide strong support or resistance
Disclaimer: lnkd.in/gJJDnvn2
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.