Cummins cmp 471
Deep crab pattern formation
Counter trading falling channel pattern.
counter is trading in 91 weekly cycle for peak to peak formation
and 88 weekly cycle for bottom to bottom formation.
RSI have given long term breakout from falling resistance trend line.
counter can be bought at cmp and also on dips,, view gets negated below 420 levels
Bata cmp 1330
Bearish bat pattern formation (pre assumption)
Bearish AB = CD pattern formation ( pre assumption)
Symmetrical triangle pattern formation,,
48 trading days time cycle,,
Buy around 1300 levels or safe buy above 1370 levels,,
view gets negated below 1260 levels,,,
up side 1450-1500-1550-1600-1650-1700
Reliance cmp 2318
Rising trend line resistance
counter gave breakout from cup and handle pattern with cup height of 735 points and after breakout today counter have completed up move of 735 points this might also mature the up move
price making higher high,, rsi making lower high bearish divergence.
from recent bottom of 867 counter took 85 days to reach previous...
Tata steel is clearly trading in falling channel pattern since last 15 months,,
currently counter is trading around resistance trend line of falling channel pattern
also counter is following perfect time cycle of 245 days
every 245 days counter tends to touch resistance line of falling channel pattern and again start it journey towards south,,
view gets negated...
Financial market has its own law, this law is not to the will of the people to transfer!
Everything is controlled by the laws of nature. Even the capricious financial market only changes within a limited scope. If you can realize the insignificance of human beings in front of nature, you can feel the magic of nature!
Forget all the trading techniques for a...
This idea is based on the article Time Cycle Oscillators, published in IFTA Journal 2018.
As volumes precede prices, the “period of time cycles” precedes volumes.
Hence, the simple harmonic oscillator SHO (blue) is leading to the volume zone oscillator VZO. The latter is created by Walid Khalil.
Negative and positive divergences between the SHO and VZO help in...
If the bull market prophecy comes true soon like every other post halvening rally, OMG should start a mission to the heavens later this year. Whichever direction the trend goes to around the pivot point is the macro trend untill the next pivot which could be a continuation or a reversal. I would bet the next pivot will be a massive rally upwards.
Bajaj finance :-
Darvax box consolidation are peak levels,
Rising Wedge pattern,,
Bearish harmonic Shark pattern fomation,
Bearish divergence on RSI indicator,,
50% Time and Price retracement,,
Breaking below 3190 which is support as per darvas box and also trend line support of rising wedge pattern,, and sustain would lead to fast and furious fall,, for...
1. Bullish momentum
2. Higher Lows are being maintained
3. Overall trend still bullish
1. Price is near a bearish 10 d cycle closure
2. Key resistance and potential Stop Loss hunting
3. Price is more below if traded below @ 1720
GBP/USD is right now at a very crucial price-area and could either continue or change the trend.
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We have reached the end of the Ascending Wedge (purple) which began during the middle of the Coronavirus (SARS-CoV-2) Pandemic. US sentiment is largely negative due to civil unrest, political corruption, and a 20% unemployment rate. The RSI indicator notes that the market has become overbought. Similarly, the MACD is giving us a sell signal. Shortly before the...
it looks like go down
in bitmex the red candle It is very clarifying and confirms the possibility of this count.
I expect a minimum correction of 38% and that at least 38% of time is taken, but ideally, the correction takes longer.
In crypto the corrections are usually a combined WXY to take more time
If the price breaks with a clear red candle close below the...