The Breakout on 15th has seen a nice wick into the previous tops.
1. The wick confirms demand above previous pullback tops.
2. The cluster zone is the immediate support zone, break below that the thesis fails.
3. projection targets are price extensions.
Looking for a breakout trade above the 3 day consolidation zone here for a test of 175 areas.
We had a decent retracement to the recent swing and the Orderflow is looking good with a good delta reversal candle.
Crude Oil at a long term major inflection point.
Classic TA says we will face some headwinds here, but strong weekly candles suggest we may look to head north before a pause.
watch out for these levels.
This level has been only tested on 3 occasions in last decade.
Gold is near critical swing levels on the weekly charts here.
The areas of 1710-40 provide a fairly good Risk reward trade opportunity for a bullish pullback bias trade.
Aug -20 and Mar -21 markets did show some nice inflection from these regions.
BTCUSDT we have hit and tested some major swing resistances.
The more time we spend on the higher side of this pullback range , we are at better odds for clearing that.
49350 is the Trend decider for me for the day. Bullish above to roll into the VA from yesterday.
Bearish below to test back the asia support zones.
Some context first we have a failed breakdown below the 46400 areas with the spike lows and the follow up daily reversal candles.
we are now holding above previous consolidation zones of 4k regions.
Holding and break outside the marked volume zone will look for a break out play.
Will scale in with initial feeder positions into dips and at these levels given the RR...
On the last plan posted we did see a bounce off the 46K areas for a good 800 points move, but that was short lived and markets have scaled back on a risk off global mood.
we have a pullback rejection and a lower value area to confirm with that. On the immediate short term looking for a move lower potential for a test into 44500 areas. A deeper scale down can...
We are seeing a formation and hold of a higher Value area.
Looking for a trend continuation play here with a potential test of the 46500 areas and a pullback to get to 49-50K areas.
Idea invalid on break below 46K hold.
Bitcoin we had a clean upmove from the zones marked at the start of the week.
Move to T2 areas failed, signaling structural weakness.
Now that region of 33800-34K will be a potential resistance zone. Looking for a sweep lower , may be a potential spike to take out stops before the upmove can resume.
Alternate scenario -2 reclaim back 33800 areas
Banknifty we had been bullish with our views for some time now and the pullbacks last week acted as a zone of consolidation and build up.
With reference from the weekly and monthly profile we have this view at this point.
Hold of the 35200-300 region look for upward continuation to test 36100/ 36500
Below that the short term top can be considered as established...
The upside move is nicely done and dusted. Looking for the Previous support zone here to act as a resistance for a downside push.
Locking in gains and some scalping shorts.
How deep we will go will determine the next leg of the move.
If we are above to hold into 40-38K areas, we will look to take out this pullback highs.
Refer to the previous two posts on the...
Dogecoin has failed to get past the 0.53 areas- previous HVN and confluence of SR zones.
Hold below that we are looking to test the base of the previous breakout region.
Alternative scenario - we form a spike low in between - then we have a good chance to take out the BO zones.