Traders, Tesla is a mighty stock and has seen tremendous growth this year. As the year 2020 is about to end, we ask ourselves about the next move of this stock. The stock is in a bull trend but has also been forming repeatable patterns. It is right now at a point where it can take correction again after completing a pattern which occurred last time too. This may...
Traders, Truth is Bitcoin has been in a parabolic move but it is no there any more. that Parabolic move is now broken. Everything comes to an end. The move has come to an end and now it is time for a correction. The fall was an initial reaction and not a correction as per-se. For a healthy correction and for it move to new heights, it needs to stay at the...
Traders, Dollar has gained very bad reputation in last few months which has been fulled by media reports, blogs, videos and whatnot. But that is the beauty of financial markets. They are never Black and white. An analyst must overcome their own bias and try to think alternatively and objectively. So a trillion dollar question is: Is Dollar dying or it is creating...
Traders, SnP500 seems to be breaking out at the moment on the monthly chart. But for that to happen it needs to sustain its position above 3589 level which is the last high. If this month closes below this level the the SPX500 index will be at the risk of falling further down. This month's closing is very important. So watch it. Also beware of similar scenario on...
Traders, Dow Jones has formed a double top. Not if the mid point of this double top is broken it is expected to fall to the FCP (Fibonacci Confluence Pattern) zone. Given that we are reaching December and a new year, markets can very volatile. So make sure that risk management is intact. ✅ Follow me for future ideas, trade set ups and the updates of this...
Traders, Bitcoin has ultimately taken a bit of correction. This may still try at least once more to go back up but so far this is the first time it is falling and that too from our FCP (Fibonacci Confluence Zone). Lower zones are my targets on the longer term. Remeber anything can happen in the markets. If Bitcoin can go up 70% without taking a break, if USOIL...
Traders, this is a long term view of EURUSD. If the level of 1.18181 remains as a support for the price, this pair can start to move upwards for a final journey. The FCPZone (Fibonacci Confluence Pattern Zone) above has 1.21 round number and few important fib levels which will become a great target for the market. But for that to happen EUR will have to go...
Traders, USOIL is now breaking out and can reach a high probability FCPZone around USD 50. That is where I will take profits on my long position and plan for a short based on one of my confirmation techniques. As weekend, month-end and even year end is approaching, be careful with your trades. Manage your risks. ✅ Follow me for future ideas, trade set ups and...
Traders, SNP500 has reached our target of 3656 and now it is falling. I am short biased on this now but there can be one last push higher. If comes above 3656 then we will look for short trade opportunity in the FCPzone (Fibonacci Confluence Pattern Zone) around 3700. Else the next target is 3600. As this is the last week of the month and that too a short one due...
Traders, US30 (Dow Jones) has reached our target of 30200 ultimately. We analysed this few weeks ago. Now I am expecting this market to fall. These levels (horizontal lines) are still very important and valid. I will treat these as support and levels for further shorting opportunities. ✅ Follow me for future ideas, trade set ups and the updates of this...
Traders, Do not get fooled by media reports on the dollar. Always think alternatively. DXY is reaching a point of huge reversal. This FCPZone (Fibonacci Confluence Pattern Zone) has potential of pushing the Dollar upwards. Dollar at the moment is at a crucial point. It can reverse upwards any time but this FCP zone is much better place to look for a...
Traders, Gold hit our target of 1839 yesterday which we identified in August 2020. Now it can have a little bounce form here but our bias still remain short from the higher time frame. These are few very important Levels to watch out for plan Your Long & Short Entries and taking profits. If you found this idea useful, hit the like button and subscribe. If you...
Traders, Gold today finally reached our first profit target level for long term short. At this level, we can expect gold to move higher but as it is month end and soon year end is coming I will be extra cautious in taking a long positon. On the higher time frame, there is still a strong possibility of it going down. So we need to be extra cautious. Horizontal...
Traders, This FCP (Fibonacci Confluence Zone) has 3 different important factors in it. This FCP Zone is something to watch out for. Remember anything can happen in the market so always wait for a confirmation before taking any trades. If it starts to fall around this zone we have 2 possible fibonacci confluence based targets to watch out for to start...
Traders, Gold took a nose dive and if you look closely you will clearly see funds and banks selling gold when large red candles have formed in last 3 months or so. They are trying to reach a particular level and they are doing it in steps. But as great traders do, we come up with plan for both bullish and bearish entries. These are the levels that we are watching...
Traders, These are the important levels to watch out for. The If we get a confirmation based on one of our valid methods to go short or long at these levels, we can take them. The FCP zone is a high probability Fibonacci Confluence Pattern zone. Support and motivate me by hitting the like button, subscribing to my channel and sharing this analysis with other...
Traders, BitCoin (BTCUSD) had an amazing gravity defying rally in last few weeks/months. This is true sense has been a parabolic move. However there are now growing chances of a correction. On monthly time frame a W pattern is about to complete between 16280 and 17000. This is a high probability Sell Fibonacci Confluence Zone with multiple fibonacci levels from...
Traders, In this post we are looking at multitime frame analysis of DXY (Dollar). Dollar seems to be losing it strength right now in US Elections time but always keep an eye on the bigger picture. It is always the bigger picture that Institutional traders and banks are looking at. Expand your vision and do multi time frame analysis to see where we have bearish and...