A correction is expected to form up to the specified support area and then a continuation of the uptrend is established. If the index crosses the support range, it will be possible to continue the correction process until the next support range
Considering the reaction of the index in the support range, it is expected that the upward trend will advance to the resistance range and even the resistance levels. After the possible upward wave, the continuation of the downward trend is expected
The market has been cascading since last week and fulfilling all our analyses. On the weekly timeframe, we see that the market closed with a long BEARISH candle and broke the upward trendline with a full candle body. This week, it has opened with a BULLISH candle indicating that there will be some market manipulation and retracement generally. However, there is...
INDEX:DXY My View On DXY For The Next Few Days Seeing That It Was Somehow Following That Little Trendline Channel It Might Go Down For A Third Touch And Then Fly High
On 1 Hour Timeframe, NIFTY trading important levels. Time to wait for either breakout or Breakdown (reversal) for the Nifty. Breakdown Move - Confirmation for breakdown will be if Nifty starts trading and sustain below 22220 level - Downside rally nearly 500 points expected in case of breakdown - Intermediate support expected near 21880- level - Short Trader can...
4/12/2024 we are 10mins away from the 4HR candle closer that I posted about let's see how this turns out.
NAS100 continues to correct, heading to SMA200 on Daily Chart. This is a key support level for this indices. A strong pushback will confirm a reversal
The dollar continues to stabilize above 105.5, suggesting the dollar's price continues to strengthen amid rising political tensions. At the same time strengthen the dollar's position ahead of events.
looks super bullish but in need of a pullback or some chop. interesting, how clean the left side of the chart looks. hindsight always looks so obvious l
Nifty Short, Medium & Long Term View- 22-Apr-24 to 26-Apr-24 Nifty closed at 22147(22519) and touched low & high of 21804 & 22413 Nifty gone down last week. As told last week nifty fell and broke the support provided at 22000/ 21900 and bounced back on last day above the support and settled at 22147. RSI and stochastics levels was down last week(41% & <20%...
The DAX (DE40) has made a bullish reaction off the pivot which has been identified as a pullback support. Could this index potentially bounce higher towards the 1st resistance? Pivot: 17,680.30 1st Support: 17,004.20 1st Resistance: 18,560.76 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with...
OPENING GAP UP ... will keep in in a range for the day. and future movement is calculated and drawn.. good luck ..!
Well technically both the candles do not fit the definition of a hammer where the wick has to be double the length of the real body. But the price action is the same. The previous swing is tested. Almost. Now it's time to test the previous high.
My thesis for market cycle top is that SPX is creating a massive ending diagonal since the Covid bottom in 2020. The March 2024 top of 5264.85 has reached the 0.5 fib extension, not exactly the 0.618 extension that I was hoping for. But the EW rules are still intact and the strong downward movement might be signaling that the local top is in. Now the rule for...
Attention dear Traders! Before you dive into the exhilarating world of trading, where fortunes are made and lost faster than you can say 'bull and bear', remember this: I am not your financial guru, wizard, or psychic hotline. My advice should be taken with a grain (or shaker) of salt, as I'm not a licensed financial advisor Trading is like riding a...
Nifty will be gap up opening in today's session. After opening nifty sustain above 22170 level and then possible upside rally up to 22290 level in today's session. in case nifty trades below 22130 level then the downside target can go up to the 22010 level.
Today will be gap up opening in BANKNIFTY. After opening if banknifty sustain above 47550 level then possible upside rally of 400-500 points upto 47950 level & this rally can extend another 400 points if market gives breakout 48050 level in todays session.Any Major downside only expected in case banknifty starts trading below 47450 level to 47050 level.
Attention dear Traders! Before you dive into the exhilarating world of trading, where fortunes are made and lost faster than you can say 'bull and bear', remember this: I am not your financial guru, wizard, or psychic hotline. My advice should be taken with a grain (or shaker) of salt, as I'm not a licensed financial advisor Trading is like riding a...