Comment: The graph must touch the black gravity line what becomes a support for the new RANGE, preparing for the EUR/USD explosion to the UPSIDE of the triangle pattern ! That could'nt be realised without a push from the very strong support and the black DOWNRANGE line.
Head & Shoulders and Eliot impulsion wave config on GOLD (3) --> (4) : extension or impulsion GOLD SELL confirmation 23/04/2020
I see bear divergence at timeframe m30, RR 1:1
NSE:NIFTY Opened gap down because of negative news. 1. It filled the gap. 2. Then it fell down to create low of the day. 3. NIFTY did not have great breadth. Bank NIFTY was down 3% This type of action likely to continue. Hence I am holding short positions on NIFTY going to the next week.
We are currently in a correction period, and i think we will be retesting the lows of March be for we could potentially break out to the havling bull market. i often hear BTC completes 80% of its cycle before it breaks out, i guess we will see if its true now! Please let me know if you think my theory is valid?
Short-term double top at resistance with receding volume and clear bearish divergence on the 1-hour chart. For information; I am currently short and in the negative, so I might be biased.
Today NIFTY's move retraced 200 points after initial flat opening. After move down tomorrow, I was expecting range bound action. NIFTY kept on moving up. 1. Overall Advance Decline ratio is near 1 to 1. 2. NIFTY gains largely due to Reliance and Zee Entertainment. Tomorrow is expiry day. It is interesting to see how NIFTY reacts to level of 9250.
NIFTY Opened gap down below 9040. Then slipped below 9000. 1. Today's fall was on bad global news. 2. I do not think that this is just one day fall. This is likely to continue tomorrow. 3. If it closes below 8821, then the possibility of lower low in place. I am not holding any positions tonight. I was holding sold Calls at 9400 and 9300. I covered those...
The range bound day. As I expected, NIFTY is chopping around key levels like 9300. 9:45 Initial Selling from 9385. Clearly establishing as resistance. 11:00 Follow up moves after selling is missing. 11:30 Selling around 9300. Crossed Low of the Day. 01:30 Consolidation in the range. Wait for breakout 03:00 Last Hour Selling. From Price Action , I think 1....
Trend= Waiting Sell Resistance price 0.9760$ Target = 100+ pips also waiting for downdie trend break. Reason = Currently $ sideways but coming week get weak. H4 looking upside for a small retracement, Daily base= sideways between 50-70 pips weekly base = bearish 🛑SUPPORT/RESISTANCE ✅S1= 0.9650 ✅S2=0.9590 ✴️R1=0.9725 ✴️R2=0.9765 Please like, share, comments and...
If Bitcoin is going to the MOON, it's going to need a new highlow which is currently at $6454. Will this dump confirm or will BITBAY:BTCUSD fall to $300s? My current target for new highlow is $6767, plus or minus $100 Shorted from $7200 and setup selloffs from $6825 and down!
This altcoin is looking promising right now. Just broken through the trendline and is forming beautiful reversal right now. First target is +5% from entry.
SHORT-TERM **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
SHORT-TERM **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
You may see there is a resistant at Fib 0.618, it tried 3 times to break out but failed, it may reach to lower level at the very short term
This is my next target for the coming days as TP1 because i think it still needs to retest the bottom, remember we are dealing with covid-19 so it isn´t time to sky rocket. it just need a lower high. Please comment below about this.