• As we expected, it seems the index is trapped inside a channel, in the 1h chart;
• We identified this channel in my last public analysis, yesterday – link below this post;
• Now, the SPX is just heading to the next resistance, which is the upper line;
• The 21 EMA is completely flat, indicating nothing but short-term congestion;
• In this scenario, only a clear...
Granules broke out of weekly falling channel with very good volumes & also broke above previous swing high of 324.
Could be bought with stoploss of 300 & target of 375/400
Laxmi Organic is near its strong resistance zone of 444-454 with more than average volume.
Could be bought only above 454 with mentioned targets & stoploss.
Relaxo Footwear was facing strong resistance around 1332-1345 from past almost 2 months & get rejected around these levels multiple times.
Today, Relaxo managed to break past these levels & trading above it comfortably although with not that good volumes.
Could be bought with mentioned stop-loss & targets.
Indigo broke out of its 40 days of resistance 2030 which got rejected multiple time.
Indigo comfortable broke above & closed above 2030 after mire than a month.
So indigo could be bought with mentioned stoploss & target.
MFSL is trading in congestion zone dont get trapped in this area. Price got rejected multiple times here.
Wait for 1045 to break & then recommended to buy with stoploss of 1000 & targets of 1090/1120
We detected this bearish divergence on the RSI just in time! Now NIO hit the first target we talked about yesterday, but we have some things to say before anything else.
NIO has been duplicating the amplitude of its congestions each day, as the black arrows show us. And this indicates that the trend is bearish, at least for now. But NIO was oversold today, and...
Hello, this is my fist published idea.
I'm a beginner trader, but at the moment I'm happy with my first 3 months trading results.
I'd like to share this idea to know your opinion and maybe to have some tips to improve it, and of course I'm not inviting anybody to copy this idea.
This is actually a personal esperiment, where I'm investing a little part of my...
BTCUSD has been playing a little stalemate with us as of the past week. As evidenced by the green parallel, there has been a strong trend upward since the Covid pullback, but that trend has become weak in recent days due to sideways price movement. Timing a breakout or pullback can be difficult, but I've set some price guidelines where the congestion channel...
EURJPY has been trading in a very tight range since the beginning of the trading week.
With the setup of the moving averages that is about to turn bearish and with a strong down-movement behind the box, I am looking for a good opportunity to enter a short position.
I'm going to wait for the price to enter the upper part of the range, then wait for a signal that...
GBPJPY recently has shown good action by buyers. I'm waiting to see if this action continues and is strong enough to take GBPJPY out of a sideways trend that seems to be very solid in the last period. I place my buy stop entry order out of the congestion phase to confirm the breakout and the strength by buyers.
Risk to reward is great for this trade :)
USDCAD just went out of a very important up-channel. Now, the price is ranging in a very tight congestion phase and sellers seem to have the strength to break this range and push the price down.
The setup of the moving average is not clear. We are far from having a bearish setup, although green and orange MAs are turning down.
Overall, I think this is a trade we...
