if the Resistance Trend Line breaks then the price may move down hugely, but if it could not then we believe the price should touch the Central Line of Pitchforks so we can go for a long position and we have the remaining analysis in further.
we believe that there exist a Three Drive Pattern for which it takes few days to complete and then we have a bearish retracement for which we may Short the Market.
The Fundamental analyses are base on the current Oil Price and problems in Middle East and as we have analysed the NIFTY, we can conclude there is a upcoming Bearish Trend as the Oil Pries may go...
we have analysed the NIFTY 50 and we believe there is Bullish Move as we see a Three Drive Elliot pattern for which it is forming in a channel and it should finish the Third leg for big Bearish Move.
we prefer to put a Sell Limit order at 13000.00
The Second TP should be the lower channel line and the Third TP we expect to be below the lower channel...
as we see the LTC had touched the S3 Camarilla PP for which there should be a pull back to PP and the a Bearish Move Down the next daily S4 PP
This analyse is valid for 3 Days at most...
Please Comment us your Ideas...
We believe there is a Gap at 6310 which should be filled for that we prefer to Short the BTCUSD and Additionally we have kept a Buy Limit at 78.6 of Fibonacci of the Previews Bullish Wave and we expect a Bullish Move.
Enjoy Trading Principally.
Please do n't hesitate to ask us more Questions and share your Ideas for Us...
we believe the First TP should be Triggered in order for the harmonic pattern forms and then it should touch the Second Target for completing the second pattern and henceforth till 3 TP,
keep in mind it is a Buy order with a 50 Pips Trilling Stop loss.
there is a Buy Stop for the 3 TP with 50 pips trilling SL,
If the First TP is broken and passed the First Level...
if it can break above the CPR then the scenario changes, but as long as it is bellow the CPR we are expecting a renege fallowed by a down trend, if it breaks the support line and goes down till it reach the lower band of the channel