Fantastic Bullish breakout in Nifty but there is Mid-channel resistance can block the run way for a while unless we get a gap up opening tomorrow. The RSI also indicates need that Nifty is little bit into overbought territory. Little bit of consolidation before moving ahead will be good. Supports on the lower side are at 20024, 19960 and 19875. 19875 is a major...
NYMEX:CL1! chart mapping/analysis.
Note: TradingView chart B-ADJ adjusted for contract changes.
What's on the chart:
Converging parallel channels (light blue) aka diamond box pattern, framing price action into a pennant formation on higher timeframe.
Descending parallel channel (white) emphasizing current downward trend since late September peak.
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CAPITALCOM:RTY chart mapping/analysis.
Russell 2000 still stuck within trading range despite recent rallies across major US indices.
What's on the chart:
Ascending parallel channel (light blue) captures upward trend over multi-decade timeframe
Descending parallel channel (white) frames downward trend from upper to lower range (multi-decade) parallel...
In this video, I did a full breakdown from the weekly timeframe down to the 1h timeframe. I talked about what I'll be expecting from the market today and I also talked about why I might not trade today.
If you liked the video, please give me a boost and also follow me. Do have yourself a lovely day.
This is a fully detailed top down analysis on eurusd. In the video, I talked about the pair from the weekly timeframe, showing what I expect the price to do over the next week and also explaining how it relates to what I expect the price to do today. I dropped down the daily and 4h timeframes and also explained their relationship and why I expect the price to...
From the daily timeframe, you can see that eurusd is in an upward channel. I will expect to see the channel last for the next few weeks because there's a possibility that the price will touch a weekly resistance zone for a retracement up above. However, the price moves in trends and made a higher high two weeks ago. Throughout last week, the price has been on a...
NYMEX:CL1! intraday mapping/analysis.
Crude Oil Futures finding support on Golden Pocket + lower range of descending parallel channel (white dashed) confluence zone after flat bottom break, while hovering above lower range of ascending parallel channel (green) + 66% Fib confluence.
Price action accumulating while digesting recent sell-off
Bias leaning...
TVC:US10Y intraday mapping/analysis.
US yields dip while bonds & stocks rip.
US10Y in clear downtrend with potential bearish H&S pattern developing, TBC.
H&S development would correlate with bonds/stocks pullback before further bullish momentum into EOY.
Left shoulder, head & neckline outlined. Right shoulder parameters:
Rally above ascending 1st...
NYMEX:CL1! chart mapping/analysis.
Note: TradingView chart B-ADJ adjusted for contract changes
Crude Oil Futures capitulating from early October rally despite ongoing Middle East tensions & geopolitical uncertainty.
Only macroeconomic narrative/headwind that would override war escalations is increasing probability of global recession-induced demand...
