Financial Astrology

 I've displayed the chart you uploaded, but analyzing it using technical analysis tools like Elliott Wave Theory, Fibonacci retracements, Gann Angles, and others requires a bit of detail. Based on the chart alone, here’s a general approach you can take for analysis: 1. Support and Resistance Levels Support Level : This is typically the lowest point that the asset has consistently bounced off in the recent past. From the chart, it seems that the price level around 48,850 may serve as a support zone, given that it has reversed multiple times in recent data. Resistance Level : The resistance is generally the highest point, where prices have struggled to break above. The price seems to face resistance at 49,900 and 50,000, considering the recent attempts at a breakout that failed. 2. Elliott Wave Theory Based on the current chart structure, you’d need to identify possible impulse waves and corrective waves. Wave 1 (Impulse) : If the market made a strong upward move (especially...

Analysis 1. Identifying Support and Resistance Levels Support Levels: 48,000 : Immediate support zone, as it aligns with a prior swing low. 46,500 : Key support from the previous consolidation in early 2023. 45,000 : Long-term support zone from 2022. Resistance Levels: 49,800 : Immediate resistance from a prior swing high. 51,000–51,200 : Significant resistance, aligning with a recent peak in 2024. 52,500 : Major resistance from the multi-year high. 2. Elliott Wave Theory Wave Structure: The chart appears to be completing a corrective wave (Wave 4), indicating that an impulsive Wave 5 could follow. If the downtrend continues, we may see an extended corrective phase (Wave C), targeting 46,500 or lower. Key Levels: Wave 5 target (uptrend continuation): Above 52,000, potentially testing 55,000 (prior highs). Wave C target (downtrend continuation): Below 47,000, extending to 45,000. 3. Fibonacci Ratios Fibonacci Retracement: Drawn from the 202...

Analysis 1. Identifying Support and Resistance Levels Support Levels: Immediate support: ~48,000 (recent lows visible in the chart). Next strong support: ~47,200 (previous consolidation zone before breakout). Resistance Levels: Immediate resistance: ~49,200 (recent pivot highs visible). Next resistance: ~50,500 (psychological level + prior significant swing high). 2. Elliott Wave Theory The chart appears to be in a corrective wave structure , likely part of a Wave 4 or beginning of Wave C. Wave Formation: Recent downtrend aligns with a corrective phase. If this is Wave 4, expect a potential upward move (Wave 5) targeting the prior high (~53,000). If it’s a continuation of Wave C, further downside is possible, with 47,000 as a key target. 3. Fibonacci Ratios Fibonacci Retracement: Drawn from the swing high (53,000) to the swing low (48,000): 38.2% retracement: ~49,300 (potential resistance). 50% retracement: ~50,000 (key psychological level). 61.8% ...

1. Key Support and Resistance Levels Resistance Levels : ~110,000 USD: Recent high. ~100,000 USD: Psychological level, acting as minor resistance. Support Levels : ~85,000 USD: Prior consolidation zone. ~75,000 USD: Historical support from a prior swing high. ~60,000 USD: Strong support from previous breakout. 2. Elliott Wave Theory The visible pattern suggests Bitcoin may be in the final impulsive wave (Wave 5) of a larger Elliott Wave cycle: Wave 1 : Late 2020 to early 2021 rally. Wave 2 : Correction in mid-2021. Wave 3 : Strong rally in late 2021 to early 2022. Wave 4 : Multi-month consolidation in 2022–2023. Wave 5 : Current rally (targeting 120,000–130,000 USD). 3. Fibonacci Analysis Fibonacci Retracements : 38.2% retracement: ~80,000 USD (likely support in pullbacks). 61.8% retracement: ~60,000 USD (strong support level). Fibonacci Extensions : 1.618 extension: ~120,000 USD (likely Wave 5 target). 4. Gann Angle Analysis The sharp incline s...

Nifty 50 Weekly Chart Analysis Based on the chart provided, here's a detailed technical analysis using multiple tools and frameworks: 1. Support and Resistance Levels Support Levels: 23,200–23,300 : Immediate key support level, aligning with the recent low. 22,000–22,500 : Strong historical support level from previous retracements. 20,000–20,500 : Major psychological and structural support level. Resistance Levels: 24,100–24,200 : Immediate resistance, observed from recent price rejection. 25,000–25,500 : Intermediate resistance based on prior consolidation. 26,500–27,000 : All-time high resistance zone. 2. Fibonacci Retracement Using the major uptrend from the COVID crash low (~7,500 in March 2020) to the peak (~27,000 in 2023): 23.6% Retracement : ~23,000 (currently holding). 38.2% Retracement : ~20,800 (next strong support). 50% Retracement : ~17,250 (major correction level). 61.8% Retracement : ~13,700 (unlikely unless a bear market ensues). 3. E...

Based on the weekly chart, here's a detailed analysis using various technical tools and strategies: 1. Support and Resistance Levels Support Levels: 48,500 : Current key support zone and psychological level. 45,000–46,000 : Strong demand zone, as seen in earlier retracements. 41,000–42,000 : Long-term support zone from 2021–2022. Resistance Levels: 50,500–51,000 : Immediate resistance zone (current consolidation area). 52,500–53,000 : Strong resistance at the previous swing high. 55,000 : Major psychological and all-time high resistance. 2. Fibonacci Retracement Considering the major uptrend from the COVID crash low (~16,000 in March 2020) to the peak (~55,000 in 2023): 23.6% Retracement : ~48,300 (current level). 38.2% Retracement : ~42,800 (next key support). 50% Retracement : ~36,000 (major support zone). 61.8% Retracement : ~29,200 (unlikely unless a significant bearish trend emerges). 3. Elliott Wave Analysis The chart indicates a completed 5-...

  1. Support and Resistance Levels Support Levels : 48,000 (current psychological level and recent consolidation zone). 46,500 (previous swing low visible in the chart). 44,000 (major support level from earlier lows in 2024). Resistance Levels : 49,500 (recent high and rejection zone). 50,500 (psychological barrier and past consolidation zone). 53,000 (major high from late 2024). 2. Fibonacci Ratios Fibonacci retracement can be used to analyze the pullback levels of the recent trend: Recent peak (around 55,000) and current low (48,000) provide key retracement levels: 38.2% Retracement : ~50,000 50% Retracement : ~51,500 61.8% Retracement : ~53,000 These levels act as potential resistance zones during any upward retracement. 3. Elliott Wave Theory Based on the chart structure: The chart appears to have completed a 5-wave impulse structure, followed by an ongoing corrective phase (ABC pattern). Wave A : Downward move from ~55,000 to ~48,000. Wave ...

1. Trend Analysis and Trendlines Overall Trend: The chart shows a downtrend initially, followed by consolidation, and a mild recovery before tapering off. Key Trendlines: Draw a downward sloping trendline connecting the highs during the initial fall. For consolidation, a horizontal trendline near the lowest levels around 50000 acts as support. 2. Support and Resistance Levels Support Level: Psychological level of 50000 (consolidation around this zone). Resistance Level: Near 50350-50400 (recent highs of consolidation and rejection). 3. Elliott Wave Analysis Wave Pattern: The initial fall likely represents Wave 1 (impulsive), followed by a corrective Wave 2 (recovery). The last leg of consolidation and mild recovery aligns with Wave 4 corrections. 4. Fibonacci Retracement Levels Use the swing high near 51800 and swing low near 50000 for retracement: 38.2% Retracement: 50600 (Potential resistance for a recovery). 50% Retracement: 50900 (Stron...

 To analyze the Nifty 50 daily chart, I'll provide a detailed analysis based on key technical frameworks: 1. Support and Resistance Levels Support Level : Immediate support at 23,630 (as shown on the chart and marked by the horizontal blue line). Secondary support around 23,000 based on previous swing lows. Resistance Levels : Immediate resistance at 24,050 . Next major resistance near 24,500 . 2. Elliott Wave Theory The chart shows a possible corrective wave in progress. If the ongoing wave completes a correction (e.g., Wave C), a potential upward impulsive wave (Wave 5) might begin. For confirmation, monitor for a breakout above 24,050 , signaling the start of a bullish trend. 3. Fibonacci Ratios Assuming the last major swing high is around 24,500 and the swing low is 23,000 : Key Levels : 23.6% retracement: 23,860 (minor resistance). 38.2% retracement: 24,030 (key resistance). 61.8% retracement: 24,310 (major resistance). 4. Gann Angle...

1. Support and Resistance Levels Support Level : Around 49,960 , as indicated by the horizontal blue line in the chart. This appears to be a key demand zone where the price has historically reversed. Resistance Levels : Immediate resistance around 51,000 . Secondary resistance around 52,000-52,500 . 2. Elliott Wave Theory Based on the visible pattern: It seems like Bank Nifty is completing a corrective wave (likely Wave 4 or C). The current movement could indicate the completion of the correction and entry into an impulsive wave. Look for signs of the start of Wave 5 for an upward movement. 3. Fibonacci Ratios Using Fibonacci retracement (assuming the last swing high was 52,500 and swing low was 49,000): Key Levels : 23.6%: 50,560 (Minor resistance). 38.2%: 50,960 (Key resistance). 61.8%: 51,920 (Major resistance zone). Strategy : Price action near these levels will confirm whether it continues upward or faces rejection. 4. Gann Angles Without plott...