No Trading Reversal Zone: Range: 46,662 to 46,800 Analysis: The market has established a no trading reversal zone in the range of 46,662 to 46,800, suggesting a period of consolidation or indecision. Traders should exercise caution within this range, awaiting clearer signals before making significant trading decisions. Previous Day High and Open Interest (OI)...
Nifty Short , Medium & Long Term View-19-Feb-24 to 23-Feb-24 Nifty closed at 22040 (Last week 21540) and touched low & high of 21629 & 22068 RSI and stochastics levels reduced this week(58% & 87% Respectively). Stochastics is in overbought zone. Huge volatility was seen last week within the topmost resistance and bottom most support last week. Market was exactly...
Nifty Short , Medium & Long Term View-12-Feb-24 to 16-Feb-24 Nifty closed at 21782.5 ( Prev Close 21853 ) and touched low & high of 21629 & 22053 RSI and stochastics levels reduced this week( 54.5% & 65% Respectively). Market is in indecisive state, could not take any direction as it could not surpass the previous all time high 22117 decisively. Earlier 30%...
Hi Traders! A head-and-shoulders pattern is forming on the AUDUSD 1D chart. Here are the details: The market has found strong support at the 0.65255 level, which is the neckline. The right shoulder is currently forming, and we expect some consolidation around this level before a possible break and close below the neckline. The plan here is to monitor both the...
For Ethereum (ETH), there are currently several scenarios in play. The first involves breaking out of the current range, followed by a retest, and a potential move towards the 2352 level. The second scenario envisions a correction to a key trading area, followed by a push towards the 2352 level. Let's take a closer look at these possibilities.
Nifty Short , Medium & Long Term View-05-Feb-24 to 09-Feb-24 Nifty closed at 21853 ( Prev Close 21353 ) and touched low & high of 21429 & 22126 RSI and stochastics levels ( 58% & 74 % Respectively). Stochastics is near overbought zone. Market closed all time high and moved higher comparative to last week but is in indecisive state, could not take any direction...
As it can be seen in the chart we have a high positive correlation between gold prices and Barrick Gold Corporation as they move together. Previously as stock prices formed a new high gold price failed to do so and this represents a bearish divergence between prices and caused stock price to move lower sharply while gold price remained roughly around the prices...
Hi Traders! A symmetrical triangle is forming on the USOIL 1D chart, and we could have a breakout soon. Here are the details: The market has found support and resistance at both the trendline support and trendline resistance of the triangle, as the market is looking for a direction. Looking at the price action, it looks bullish due to the market swings; the...
Hi Traders! There is some bullish momentum behind GBPUSD, and there may be a possibility of a re-test of the monthly high. Here are the details: The price action on the 1D chart looks bullish. The market is in an ascending price channel with higher market swings and lower rejection price wicks; the market is also currently above the 20 EMA. Preferred...
Hello traders! It's great to be back with my first post of the year. Today, let's dive into $NSE:AARTIIND. Here's the breakdown: 📉 Directional Shift: The stock is transitioning from a downward to an upward trajectory, signaling a potential change in trend. 📈 Retesting Support: After reaching its previous peak, AARTIIND is retracing to test the support...
Hi Traders! EURUSD has had double price rejection at the resistance, and there are shorting opportunities near the resistance to target support levels below. Here are the details: There is double price rejection at the 1.09986 level, which tells us that bearish demand is currently too strong in this area. We are looking for a momentum price break and a close...
Hi Traders! SPX looks to have fallen short of the record high, and there could potentially be a big pullback that is about to occur. Here are the details: There is an evening star candle pattern currently on the 1W chart, and this is the first week the market's weekly open price has opened substantially lower than the previous week's closing price in about 8...
Introduction to Bitcoin Futures Bitcoin Futures represent a significant intersection of traditional financial markets and the innovative world of cryptocurrencies. They allow traders to speculate on the future price of Bitcoin, providing a way to hedge against price volatility or to profit from price movements. As we step into 2024, the potential approval of...
Hi Traders! USDJPY is under more pressure as we head into the final trading days of the year. Here are the details: The price action here on the 4H chart is extremely bearish. The 20 EMA has been broken, the market swings are getting lower and lower without any bullish pullbacks suggests that there are hardly any bulls in the market at this current time. We...
hello new friends , please feel free to ask any question in comment . @ anyways this is A+ set up .Every time that STRONG trend , and the market already Break the sctructure ! and you pull your fibs to by at discount price is always the ideal . 1 4h fair value gap that needs to e filled before the continuation to down side heavy ! some people call fair value...
Hi Traders! EURUSD continues its bearish outlook as the market is now in a descending channel. Here are the details: After the double top on the higher timeframe idea (see link below), the market looks to have run out of steam to break the resistance level, which provides additional opportunities for short entries to target the support level at 1.08860. We are...
SPY's Bullish Surge: Decoding Market Indicators and Gaps The SPY is riding a bullish wave, scaling new heights with remarkable momentum. On my chart, three proprietary indicators are at play, offering unique insights into the market's pulse. Particularly noteworthy is the indicator that measures cycle direction strength across time frames. Currently, it signals...
Hi Traders! AUDUSD is in a descending triangle, and there is a possibility of a break below the trendline support. Here are the details: The market is trending down with swings of lower highs and lower lows following the break and close below the 20 EMA. Our idea is to sell rallies, looking for a break below the support trendline and exit at 0.64924. Preferred...