Head and Shoulder is an important reverse indicator. It must be used with the RSI and MACD divergence and on the graph it can be seen that. It's good set up and the SL is above the right shoulder. Its as on the book. Hope it works. Regards
US30 DOW longs - Higher low channel holding support and looking to make a move up higher to first resistance, then potentially the next. Taking partial profits off first zone. Let's see how this plays out! TRADING IDEA --- NOT AN INVESTMENT OPPORTUNITY!
Stocks have retraced to support at 4462, a strong technical level which seems to be holding. We are hanging on by a thread and if we break down further, then 4440 is the next target after crossing the vacuum zone below. The Kovach OBV has slumped, suggesting momentum is nil and needs to pick up in order for us to see a breakout. If we are somehow able to break...
Higher low hold on support - buying back into the trend. Target is the resistance zone highlighted! Bullish momentum Trading IDEA --- NOT AN INVESTMENT OPPORTUNITY!
Apollohospital sell below 4500 for the target of 4490,4480,4470,4450 sl 4530
Formed a bottoming pattern (BOS) and a Higher low to follow. Swept liquidity lows and now holding the support level. Looking to take liquidity at the top - plenty of bullish momentum here whilst we are in range! Trading IDea --- NOT INVESTMENT OPPORTUNITY!
Stocks have retraced exactly to our level at 4462. Recall that this was the exact level we predicted yesterday. Stocks edged lower as they digested hawkish Fed minutes , and an increasingly Orwellian Covid lockdown situation in China . It does appear that we may be in the final stages of a corrective impulse and might be gearing up for another breakout. ...
Stocks got slammed yesterday, as we anticipated, retracing from relative highs at 4632, back to 4462. This is a relative low, which has provided good support at the end of March. The Kovach OBV has dipped notably. We should have strong support at 4440, if 4462 breaks, but after that 4327 is the next major level of support. If we are able to pivot off current...
Stocks took a dive breaking past relative lows at 4521. We are currently testing support at 4487, but this appears to be hanging by a thread. If support does not hold, expect the S&P to test 4462 or 4440. The Kovach OBV has turned over with the selloff, so unless momentum can pick up, we should be able to hit those levels. If we see a run of bull momentum...
Chart Pattern/Trend Analysis The main view of this trade idea is on the Daily Chart. The Vanguard Industrials ETF appears to be in a Reverse or Inverted Head & Shoulders chart pattern setup which began developing over the last couple of months. The Left Shoulder is observed around the 182.30 lows in 28th January 2022. The Head of the chart pattern setup is...
BALAMINES buy above 3450 Target 3460,3470,3475, 3490, 3500 SL 3425 CMP 3449
Equity markets are grappling with sanctions and the upcoming FOMC minutes. Take a watch to find out more.
Chart Pattern/Trend Analysis The main view of this trade idea is on the Daily Chart. The Company stock Apple (AAPL) appears to have exhibited a triple bottom around the 150-155 support zone over the last 3 months. The stock had 3 declines, the first around the end of January, the second in late February and the last in mid-March. At the time of publishing the...
After topping out at 4632 as we anticipated, stocks have tested 4521, but appear to be equilibrating. We have mentioned that it is likely that the S&P 500 would either retrace or form a sideways corrective pattern and it appears the latter is the case. We are currently testing 4580, after which we have a vacuum zone back to 4632. It will take some volume to...
Longs on Daily - Nice V-shaped recovery, divergent swing. Plenty of bullish momentum and a nice pullback to climb from to the supply zone, where price will decide what to do next. TRADING IDEA --- NOT AN INVESTMENT OPPORTUNITY!
Stocks have retraced from highs at 4632 as we anticipated, seeking support at lower levels, namely 4521. We have equilibrated a bit after testing this low, and appear to be gearing up for another bull run. We appear to be seeing the beginnings of a pivot, but if we can't muster the strength to continue it, we may test lower levels. In particular, 4440 stands...
Intraday Longs... H&S pattern with plenty of bull momentum from demand, looking to retest the highs at resistance. TRADING IDEA --- NOT AN INVESTMENT OPPORTUNITY!
Stocks have fallen further after their slight pullback from our target of 4632. We met steep resistance at this level, then drifted downwards a bit, finally taking a dive yesterday. We fell to 4545, one level above where we anticipated support at 4521. The price action does seem to be rounding off, suggesting 4632 might be a top for now. If so, then stocks...