$RTX was buyable today. I looked at it pretty much on and off all day but with market looking like crap, and not much else setting up, I would rather let this one go than be in a hurry to increase exposure.
That said, this is what relative strength look like.
As you can see from the chart Bitcoin and the 4-Hour time frame is reaching a pivotal point if this doesn't hold will likely retest the parallel channel. This is not investment ideal do your own research
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TF: Weekly
Supports:
40400: Weak against the pressure, but we know it's weekly and we're still at the beginning of the week, so let's wait for it.
38380: Believe it or not, we have a large number of unfulfilled orders here, and we anticipate a great...
This is looking like an impulse down - I'd like to see a little further down before a bit of a bounce and ultimately taking out the dnPOC at 35.5 and re-testing the 35k monthly. Thoughts?
it is possible we have another thrust up to H5 at 101 but we are currently at the top of channel with pretty high oscillation. Might range back a bit. these are monthly camarilla pivots
weekly and monthly camarilla pivots show confluence here for long to weekly H3 and H5 which is monthly H3. stop loss regions on both are daily closes under L4 around 39k
decent risk reward and area to manage risk off of
First Step of a successful trader is to build a Trade plan & review what he has done.
This is my Trade Journal . (education purpose for all )
Trade plan
Nifty 50 : Trend is Down - Sell on rise ( see video for details )
Jai Hind.
Disclaimer :
This video is only for educational purposes. Please consult your financial advisor before you take any trade
Based on Simple Technical Analysis ( Trendline + Support & Resistance )
Market is Completely Unpredictable Because of The War, So Trade With Caution
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It looks like the king of the crypto market is going to retest the bottom of the ascending channel, i think that it would be a good idea to looking for longs at
the bottom of the channel, however, if it holds the blue box that seems to be a good entry . Orders at the *purple line 40500-41000, *orange line 39000-39500 and *bottom of the ascending channel...
BankNifty Futures Key Trading Levels for 12th April 22
Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views.
Please consult your Financial...
