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I think this is the first time I've written an idea for the SPX500USD futures chart.
I'll give you an example of how to actually use it using the parallel channel that I introduced.
No matter...
TASI
Correction going on
RSI Divergences on Channel top
Support levels are identified
- Horizontal Support
- Channel Bottom
Take Entry on Individual Stocks carefully
All eyes on CRYPTOCAP:USDT Dominance
USDT.D is once again testing the lower range of its 217 day parallel channel.
When it breaks this, we enter the banana zone.
Nifty again after making a new high ended in negative today. Main reason for nifty ending in negative can be attributed to channel top resistance. RSI (Relative strength Index) reached over heated zone and peaked above 80 showing the market was overheated, this was the second reason of Nifty ended in red of Friday after a fantastic weak. RSI of monthly and...
Price is moving within Ascending Parallel Channel after breakout
Last corrective movement is after double top formation
Price is at POC (Volume Profile) which is another support level
if it breaks, price may fall to channel bottom
Watchout for entry after confirmation
BTC is moving within a consolidation box
Price is ranging between:
61,800 (Resistance, top of channel)
57,700 (Support, bottom of channel)
Bulls need strength to break the resistance of 61,800.00
AB=CD pattern target calls for 68,000 (Daily Descending channel top)
However, a resistance of 63,500 will require Bullish move.
A complicated trading strategy doesn't guarantee profits. Sometimes, a simple trading strategy works best. Here are two straightforward approaches I have for the NZDUSD trade.
Strategy:
1. Retest of Resistance at 0.6096:
- Setup: Watch for a retest of the resistance level at 0.6096.
- Entry: Enter a short position on confirmation of resistance holding.
-...
The chart above is the chart of Nifty 50 since 1991. This chart here tells a few stories. I will tell you my version of these stories or observations you can derive your own conclusions from them:
1) India is a continuous bull market. There are blips due to Micro and Macro reasons but the chart keeps moving forward in the parallel channel. We are in the upper...
Price has touched support level and started taking a ride until specified resistance level
price moving in a range bound
Support and resistance levels are specified for short term trade
Enter more after breakout
In The above chart you can see how Nifty follows various Technical aspects of the chart. First of all we can see a Parallel channel in which Nifty is travelling. The channel has 3 parts.
1) Channel Top.
2) Channel Bottom.
3) Mid Channel.
Channel top will always work as a resistance and Channel bottom will always will work as support. Channel Mid or Mid channel...
Pair: HTX:CSPRUSDT
Timeframe: H4 - Medium Term (MT)
Direction: Long
Technical Confluences for Trade:
- Stochastics are in Oversold Conditions on H4 time-frame
- Price action is close to bottom of a Parallel Channel
- Price is entering a Demand Zone (Yellow area @ Current rice)
- Aiming for the next two Supply Zones (TP 1 @ Blue Horizontal Line & TP 2 just...
All details are given on chart. If you like the analyses please do share it with your friends, like and follow me for more such interesting charts.
Disc - Am not a SEBI registered analyst. Please do your own analyses before taking position. Details provided on chart is only for educational purposes and not a trading recommendation.
In this video we have discussed the short to medium term outlook for Indian markets. We have also tried to analyse the micro and macro factors affecting the recent downturn. Also in the video we have explained how to use the tool called 'Parallel channel' to guesstimate levels of indices or stocks.
We've reached a potential reversal zone, where the ascending channel trend intersects, along with a limit level at 0.7545 and Fibonacci level at 0.618. This scenario is reinforced by the appearance of a bullish reversal formation known as an inverted hammer. The target will be the upper boundary of the channel.
HAL Weekly - No RECOMMENDATION or ADVICE Status / EDUCATIONAL only - Support, Resistance, Confluence, Clusters, Trend Lines , Parallel Chanel, Fibonacci, Gap, Triangle - Hope it Helps, Good Luck
DISCLAIMER - This communication is not trading or investment advice, recommendation or solicitation to buy, sell or hold any investment product is provided for...
AUDNZD is looking bullish as more heavy confluences are with the bulls, but we should not enter here instantly if it breaks the structure and closes the candle above 1.07162 then we could take entry on the closing of 2h or 4h candle. it could also be a sign of trend reversal
bearish signs are weak but we can also take entry blow 1.06849 on the closing of 4h or...
