On hourly chart, there is clear bullish falling wedge. Objective entrance when it breaks out of bulling falling wedge. If it gaps up, maybe take a small position in case it rips, but otherwise add on when it back test the wedge. Oversold reading on RSI and divergent low additionally increase odds in favor of bounce here. $31.18 is a solid support. Probably set a...
The Trendline breakout has been seen on the dabur intra charts and the said breakout is followed by the trendline retest.
The Trendline which was earlier working as resistance are now supposed to be working as support.
The said trenline support is aligned with the harmonic cypher pattern support@ 460 levels.
This is small risk trade with a stop at 452 levels,...
Cypher pattern is apparent on hourly chart of OFSS and stock did bounced from its prz around 2300 levels.
Currently its trading in the narrow range near the 2370 levels from past two sessions, if see a break above this levels , they we may see move towards 2470- 2580 levels.
The said view will be negated below 2280 levels.
Stock now have a good support in the range of 2020 -2060, hence any pullback would be a opportunity to enter longs in the said range as mentioned above.
Any move above 2100 would see 100 points fast jump in the stock.
This view will be negated below 2020
Another Trading Snack!
Using my weekly chart I’ve formed this oil trading bias for some time. That and I deeply respect the EW 5 wave patterns on longer time charts. Let me explain...
Yes that’s right! I suggest that new lows could come in price action on the WTI even though the oil war had come to an end as some pundits were reporting in the news.
Another Forex Trading Snack!
The EUR has been trapped inside of a multi year wedge pattern ( indicated by the blue trend lines ) but once it broke out of this pattern it’s bias in my opinion is to the long side. Also recently the DXY index has formed a wedge like shorter term pattern and the exact inverse pattern of the DXY is the gray trend lines indicated on...
Its been a while since we don't trade the Litecoin and today might be giving us a potential entry to go long.
Litecoin has been bouncing in this uptrend the whole year and we have witnessed only a couple of false breaks.
Today, the price is at the bottom of the channel line which coincided with Fibonacci level 0.61 and it got and strong...