Missed out on the daily time frame sharp entry.
Waited for price action to do its thing, as you can see price made a Lower low which is a sign of weakness (part wyckoff distribution schematic) which tells us that price will move to the upside in search of liquidity prior to fall to the downside.
let's catch it. Tayor.
Bearish divergence : The move of the bearish divergence is having a support on $370-$375 USDT .... which its strength is reducing
Fibonacci Retracement : In the 0% to 100% fibonacci retracement, 50% has been done, which then follows by this little current retracement, which is having $370-$375 USDT as support as well...
Red lines are resistance area and Green lines are support area.
On Monday, if BankNifty breaks the green trendline, then it may fall further. So, in case it breaks Green trendline then wait for it to retest the Green trendline to enter into a short trade in future or short BankNifty ATM Call option.
On the other hand, if it breaks red trendline then wait for it...
TataMotors is strongly bullish and ready for a breakout.
I am planning to add some shares of TataMotors to my portfolio.
Long Only- TataMotors looks strong above 361 with an initial Stop Loss at 251 for a target of 600
However, I will book partial profit near short term resistance levels @ 432, 485,550, and final 600
Risk:Reward ratio is more than 1:2
A wonderful triangle formation. With the consolidation working in nice lil areas, I am expecting big movements with either downside potential towards to the resistance now support level.
Continue its uptrend with more bullish power and form a new resistance level.
Either way, I will be keeping an eye on the charts getting ready to enter when...
Market Analysis of AUDUSD
A) *Strong supply zone, Start of bearish momentum.
__ A.1) 2nd Possible start of Bearish Movement from Supply Structure Zone.
B) *TL#1 Strong Down Trend
C) *TL#2's Fan out out w/ current current down trend
D) *Retracement to D.3 (TL#1), Market will switch to Bullish
__ D.1 - D.2) area where...
You will get to know us better
Bitcoin fell below the 59900 level in the daily time according to the previous analysis, and now we are forming a Settlement structure and then at the $ 38,000 level(Hot Spot), we have to wait for the return to the ATH and the break of the 64,000 level.
Can Buy Sagar Cements at cmp for a decent 10-12% swing (can give more than this too) with a stoploss of 730 NSE:SAGCEM
most probably accumulation done which we can see on charts from nov 2020 to april 2021 and most probably weak hands also stopped out which i marked with arrow.
but its a risky entry because breakout is not comfirmed yet,but will but...
Overall trend bias-bearish
Short entries on 3 potential scenarios
Scenario 1- Break of support structure-->retest resistance--> short entry
Scenario 2- rejection of resistance level 38.2--> short entry
Scenario 3- break of 38.2-->retest--> rejection from 23.6--> short entry
What do you think?
Overall trend bias- bullish
Long setups potentially forming on 4H TF.
Scenario 1- Break into HHs-->retest-->long entry
Scenario 2- retest-->long entry
Scenario 3- break below 23.6-->rejection from 38.2 support-->long entry
What do you think?