GEEKAY WIRES as per Day Chart Analysis Stock ABOVE 89 TARGET 93 Today FII Net selling had come down considerably to 203.13 Cr and DII Net Buying increased to 1723.79 Cr. Nifty Once Breaks the resistance at 18169 then the target is 18240 level. Bank Nifty Once Breaks the resistance at 42716 then the target is 42932 level Tomorrow Market trend to be on the...
AXIS BANK as per Day Chart Analysis Stock ABOVE 962 TARGET 970 Today FII Net selling had come down considerably to 203.13 Cr and DII Net Buying increased to 1723.79 Cr. Nifty Once Breaks the resistance at 18169 then the target is 18240 level. Bank Nifty Once Breaks the resistance at 42716 then the target is 42932 level Tomorrow Market trend to be on the...
CANARA BANK as per Day Chart Analysis Stock ABOVE 330 TARGET 333 Today FII Net selling had come down considerably to 203.13 Cr and DII Net Buying increased to 1723.79 Cr. Nifty Once Breaks the resistance at 18169 then the target is 18240 level. Bank Nifty Once Breaks the resistance at 42716 then the target is 42932 level Tomorrow Market trend to be on the...
Price has been trapped in a rangy market for quite some time, but as it can be seen finally managed to break the consolidation area to the downside which means more downside move can be followed. this kind of formation base on DOW theory area called line formation and by the way they are considered as very important when they break to the one side. As it can be...
NVDA continues to work on its bottom. The Reversal Candlestick in October signaled the end of this stock's correction. The stock has plenty of growth for the future. The red line is the bottom completion level for this chart, a strong resistance level. There's strong point gain potential when the current sideways action breaks out upward. Volume-based...
Notice this week's candlestick has fat body meaning the bulls were in overall control following a kicker signal, this is what you'd expect to see after such signal for potential change of direction. It's important to point out a similar kicker signal a few weeks ago has no follow through, instead the very next candle is a inside doji followed by an bearish...
Here we have a textbook Head and Shoulders Pattern after a strong uptrend on natural gas. The volatility between the head and the kneckline was 19% so we used this as our main take profit area. At first it seemed too much of a price move however 4 weeks later not only did we get past the 19% take profit area, price went down further to 26%. This was a big...
Please like and share if you appreciate this market update. We are algorithmic traders and certified Elliotticians. We publish Elliott Wave and algo technical analysis on a daily basis for indices, stocks, cryptos, commodities, VIX, DXY, in weekly, daily and 4-hour timeframes. Our counts are not drawn subjectively but backed by solid algo trading evidence. We...
Please like and share if you appreciate this market update. We are algorithmic traders and certified Elliotticians. We publish Elliott Wave and algo technical analysis on a daily basis for indices, stocks, cryptos, commodities, VIX, DXY, in weekly, daily and 4-hour timeframes. Our counts are not drawn subjectively but backed by solid algo trading evidence. We...
The Inverted Hammer candlestick formation occurs mainly at the bottom of downtrends and can act as a warning of a potential trend reversal. After a long downtrend, the formation of an Inverted Hammer is bullish because prices hesitated to move downwards. Sellers pushed prices back to where they were at the open, but increasing prices shows that bulls are testing...
This area showed potential to become a double bottom. The white line is the yesterday's daily close. You can see how two Hammers were created. This formation ended up being just part of a bounce of a larger bearish move. The candle immediately following the second hammer is a large Bearish Engulfing which closed right at the level of support. The next candle...
Please like and share if you appreciate this market update. We are algorithmic traders and certified Elliotticians. We publish Elliott Wave and algo technical analysis on a daily basis for indices, stocks, cryptos, commodities, VIX, DXY, in weekly, daily and 4-hour timeframes. Our counts are not drawn subjectively but backed by solid algo trading evidence. We...
There was a pullback after the initial downside move on EURUSD and today, we will look to sell. The best entry opportunity would be a rejection of the 1,0050 level. Stops should be placed above 1,0100 and the target remains 0,9800! Entries only after confirmation from the candlesticks!
As you see in the chart, with the increase in the shadows of the candles in the bullish or bearish trend, along with one or two candles in the opposite direction of the movement of the chart, it's a trend change signal and a good setup to enter in the trading. P.S. I must say that; in the long-term time frame ( usually more than 1-H ), this method of Candlestick...
support and resistance price action break out candlestick analysis
Please like and share if you appreciate this market update. We are algorithmic traders and certified Elliotticians. We publish Elliott Wave and algo technical analysis on a daily basis for indices, stocks, cryptos, commodities, VIX, DXY, in weekly, daily and 4-hour timeframes. Our counts are not drawn subjectively but backed by solid algo trading evidence. We...
Sell Limit: 1.11000 - 1.10900 Take Profits: 1.10400 - 1.10000 Risk/Reward Ratio: 2 Careful trading. Only trade ideas to assist you in your journey. Leave comments, message me for specific currency pairs, cryptocurrency, stocks, and global indices. CLICK LINK FOR 4HR ANALYSIS.
One of the ways to determine U.S. stocks and indices’ direction in the long-term is to also know where the U.S. bonds markets are heading. Why? This is because the US bonds, its market capitalization can be as large as all the U.S. stocks market combined; therefore, it is also as important to also track its direction. In the macro trend over generations, the...