Long Term: ESZ is forming patterns to go upto 1 day target on a long term. It has formed a green candle with reversal and confirmation is getting formed as of now. It is expected to come down from 2 hours resistance as 2 hours was con neg and it was touching 2 hours for the first time so it is expected to come down to 30 mins support atleast and then bounce. It has green candles in 3 and 4 hours also so it can hit the 3 and 4 hours target this week.
Short term : On a short term ESZ is expected to come down to 30 mins support atleast form 2 hours and then bounce again. It may even go to 1 hour support as there is a red candle in 1 hour. It is then expected to hit 3 hours target after breaking the 2 hours resistance.
Core strength : 10 mins (for long trades) and 2 hours(for short trades) Confirmed Neg : NA
Largest TF Positive Indicator : 1 Day Largest TF Negative Indicator : 1 Hour
ESZ IS CURRENTLY SITTING ON 3 WEEKS SUPPORT. 15 MINS ONWARDS IN ESZ IS CON. NEG. 5 MINS IS HAS A RED CANDLE. SO IT SHOULD GO TO THAT SUPPORT ATLEAST. THEN IT WILL DECIDE OVER THERE. THERE IS NO SOLID SUPPORT OTHER THAN 5 AND 10 MINS. TREND IS STILL NEGATIVE IN HIGHER TIME FRAMES AND NEUTRAL IN LOWER TIME FRAMES. 1 DAY SEEMS LIKE FORMING A W.
akki_solutions
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ESZ IS DROPPING FROM 10 MINS RESISTANCE FORMING A M. 15 MINS AND 30 MINS ARE CON NEG AND IS PUSHING IT DOWN. NOW IS ESZ IS EXPECTED TO GO ATLEAST 5 MINS SUPPORT. THEN 5 MINS WILL BE THE DECIDING FACTOR. IF IT GIVES SUPPORT THEN IT IS GOING TO HIT 15 MINS TARGET ATLEAST. IF WE SEE THE 1 DAY THEN IT IS FORMING A PERFECT W WITH GREEN CANDLE. IT IS ACTUALLY SEARCHING FOR A SOLID SUPPORT TO JUMP WHICH HAS NOT FORMED YET. MOSTLY 2 WEEKS IS GOING TO GIVE THAT SUPPORT. RB TREND IS NEUTRAL WITH NEGATIVE BIAS.
akki_solutions
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@akki_solutions, PERFECT. IT HIT THE 10 MINS TARGET RATHER THAN 15 MINS AND THEN DROPPED FROM THERE.
akki_solutions
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ES HAS NOT FORMED ANY SOLID SUPPORT TILL NOW. LOWER TIME FRAMES UPTO 5 MINS ARE NEUTRAL. AND AFTER THAT MOST OF THE TIME FRAMES ARE CON. NEG. SO IT IS EXPECTED TO TAKE RESISTANCE FROM 5 OR 10 MINS AGAIN AND IS THEN EXPECTED TO MOVE DOWN. NO W PATTERN HAS BEEN FORMED YET.
RB TREND IS NEGATIVE.
ESZ IS DROPPING FROM 2 HOURS AND THERE IS NO SUPPORT LEFT EXCEPT 2 WEEKS. IT IS EXPECTED TO DROP TO 2670 LEVEL AND THEN BOUNCE FORMING A W IN 3 HOURS. OTHERWISE MAY COME DOWN TO 2650 LEVEL TO FORM A PERFECT W IN 1 DAY. AS THERE IS NO PROPER SUPPORT WE CANNOT SURELY SAY ABOUT THE UPWARD MOVEMENT. IT IS EXPECTED TO FALL.
RB TREND IS NEGATIVE.