Hello Fellow Traders,
I have created a trading strategy on BankNifty based on Market Internals - Advance/Decline Volume and TICK
These Market Internals, also known as Breadth Tools helps in identifying the overall market sentiment.
Just doing some technical analysis on Price action doesn't provide good results.
Price action along with Volume gives a meaningful...
Bullish flag breaks on though the top and I drop some knowledge right here:
Between 24-Jan-2014 and 23-Jan-2019, there have been 7 independent observations where the Average 5-Day RSI for S&P 500 Stocks crossed below the level of 70.
After 5 days, the S&P 500 returned an average of 0.65% (SD 0.78%), with the return being positive in 86% of the observations.
Price is testing third time Major support zone.
I'm looking more for break or little more consolidation before true break and ride to the Weekly/Daily zone.
Overall we have good momentum down.
Today are high impact news for USD. Possible fakeouts
My eyes see scenario of the continuation momentum up to atleast big zone where TP2 is.
If we look from Daily/Weekly picture we see on weekly how price fakeout. *There were news*
If we turn down we should watch for possible buys/sells depends what will price action tells us.
Overall we are in downtrend but still on Weekly Zone. Lets see
I'm looking for a strong break of Weekly Zone.
Price can go take some fuel from upper zones before a true break but overall we are in strong downtrend so lets see what will happen.
After break we are going Zone to Zone.
Overall we are in downtrend. But still looking for a potentional buy where i put my singal previous week.
Scenario 1: We can go test upper 4h Resistance zone and trendline and continue momentum down
Scenario 2: We break upper Trendline and zones and we go test bigger Resistance Zone.
Scenario 3: Like i draw now and still watching for buy limit to be activated....
I see price will come and test atleast one more time "Weekly/Daily support Zone" and possible bounce of trendline.
I think price needs little more fuel of consolidation before any strong break. Possible fakeouts!
If this scenario will respect my analysis we can catch nice waves.
If we look on 4h we see price is in consulidation zone.
Price had serval rejactions on DAILY Zone i'm expecting price to drop to around 1.15600. There as we see on green zone we had many rejactions on 4h Timeframe.
If we draw trendline from 03.01.2017 to here. We get serval bounces from it. Lets see what will happen we can catch some nice waves if price will...
TIL Was a High Flyer Should Return to Previous if all Financials are good to lazy to check but then again so are most people what are we computers, as if all NZer's buy Shares based on Financial Statements LOL
It's all about
"Oooh thats good news, but was it as good as could be expected" NO !
Drops 15% in a day they still gona make 100 Mill but not good enough...
When investing inside the stable market of primary resources like Water, Electricity and Gas. Their bigger well know companies that start of small with extreme potential of growing more mature along the market. Risk-taking has become confidential but unsure of the outcome of assets to lose and invest. However, investing into small stock symbols this could bring...
As you can see all the major indexes are an important resistance.
On weekly: it has resistance at the 50 day.
All our indicators have turned neutral or slightly down.
We will probably have a consolidation or a pullback of a Fibonacci ratio, probably to an important moving average or the cloud.
During these periods we still may have candidates but you will have...
Been watching this level since the start of the year, it seems that bulls refuse to give up IBM.
Knocking on the resistance of $164 again and again over the past few months. Eventually, bears behind the door might give way.
T/P: 178.07 (gaps)
Earnings might be the catalyst, I've my algorithmic orders waiting.