Haritsya

Haritsya

Assuming the fast slide on bank nifty over the past couple of weeks to be the primary trend, I conclude this to be a slower retracement towards 61.8 percent of fibs, a buy from the given levels would be recommended; with an aggressive stop at the red mark

Haritsya

Pattern appears to be corrective preceding a full-length impulse structure, hence marking an ABC pattern waiting for completion of Wave C

Haritsya

The current structure hints a conclusion of a wave C downtrend to a prior impulse ended @ 2.2770 marking a wave 5. A new impulse substructure has broken the wave iv on C indicative of an uptrend onset. however, if any failure the impulse fails to swing an uptrend wave C ending should serve as a protective stop as well as a new entry point.

Haritsya

Expecting a wave 3 upside, entry once the B levels are broken. if the market swings any other way we would be looking for a bear trend continuation.

Haritsya

Timeframe 60Min Higher time frames suggest bullish sentiments, the current trend has been broken with an impulse awaiting retrace for a buy entry

Haritsya

EURUSD exhibits good diverging patterns and a strong reversal @ 1.275 which also converges with an important level on daily timeframe

Haritsya

EURUSD on D timeframe looks bearish; however on a lower timeframe period it awaits a corrective wave before the bearish move.

Haritsya

Divergence is building on H4 and low time frames confirm a week movement upwards, I expect the price to correct till the trendline and further move towards 0.7697 presenting a shorting opportunity.

Haritsya

Wave analysis suggest the movement of EURUSD to be in an bull trend and looks most likely to be creating a wave 3 impulse on H4 chart