ajkhan30

ajkhan30

According to its recent history the price action is expected to honor and return to demand zone to complete the pattern. Chart assessment suggests trade opportunity short with entry at present market level, SL just above the resistance level or supply zone whereas the proposed TP should be the support level or demand zone. P.S.This is an educational...

ajkhan30

After price rejection from strong support and consuming Bullish Order Block, the index is preparing itself to go for Bearish Order Block or Supply Zone. Secondly, the index has also formed Bullish Flag which is also strong indication of price reversal. Channel Commodity Index (CCI) also indicates Bullish movement. Chart assessment suggests trade...

ajkhan30

After facing rejection from strong resistance the index has came down for correction and now on its way to try and break the daily resistance. Trade opportunity long after crossing 1.23508 with SL below the support at 1.23301 and TP at 1.24208 just above the resistance level.

ajkhan30

After completing the projected Harmonic Pattern AB=CD, the price is expected towards correction and retrace to Fib level 61.80. The brief retracement will end in bullish rally towards new HHs. Chart Assessment likely trade opportunity Short after price rejection from daily resistance at current market level with SL above the resistance level and TP at...

ajkhan30

The Harmonic Pattern AB=CD is completed, therefore, the price action has gone bearish to cool down towards the drawn ascending support trend line. The price action faced rejection from resistance and repelled. The price index is expected to come in the expected fashion towards ascending support line. Chart assessment suggests trade opportunity short...

ajkhan30

1) Price rejection at Key Area of Confluence implies price correction and retracement at expected Fib level of 61.80%. 2) Correction & retracement towards Fib level 61.80% as support to cool down before resuming its expected bullish rally. 3) After rejection at support level 23770 the index is expected to continue its bullish run. 4) ...

ajkhan30

1) After forming Triple Bottom the price index is on the bullish run. 2) The rally has also break of structure (BOS) of LLs & LHs Thus conforming Bullish run. 3) The price action has given respect to Fib level 50.0% which initially acted as resistance and now support along with MA 200. 4) After brief price rejection the price action has gone into...

ajkhan30

The index got strong rejection from multiple supports firstly MA 200 retracement, Secondly Fib level 61.80% and Thirdly from ascending Trend Line. MA 200 acted as resistance but now playing as support. The price is thus expected to become bullish and form new HHs & HLs. The index broke the structure and formed HH thus indicating trend reversal into...

ajkhan30

The price action is on on course to complete Corrective Wave and pattern a, b, c. The price is expected to retrace to Fib level of 38.205/50.0%/61.80% and thereafter it will resume its bullish run and eat up all the liquidity highlighted in the chart analysis. Chart Assessment predicts trade opportunity short with TP levels based on Fib levels...

ajkhan30

The market has broken critical resistance level and given indication of embarking upon bullish rally. But potential buyers should keenly observe the movement of price action before jumping into the fray. The bullish rally may be a trap laid down by the Smart Money or big financial institutions because before breaking the resistance level, one may clearly notice...

ajkhan30

After rejection by strong resistance on Daily Time Frame the Action has entered into consolidation. The Consolidation will last for a period of 36 days before the break-out and trend reversal. This is the region where dump Money will be lured to create liquidity for SMC. The SMC will devour the liquidity before going down on bearish run. Chart Assessment...

ajkhan30 Updated 

The price action is likely to break the ascending trend line and support @19660 before becoming bullish and devouring the liquidity with an impulsive bullish move towards price level @21570. Price rejection at Key Level of Confluence consisting of Resistance, ascending Trend line and long wick C/S. Otherwise, price may drop to and remain at Fib Levels of...

ajkhan30 Updated 

Gold is expected to continue its bullish course after brief consolidation in range bound movement. Since the Daily Time Frame has kept its Bullish run therefore, the breach of rectangle would result in bullish break-out in smaller time frame of 4H & 1H. The RSI shows Bearish Diversion completely in consonance with the range bound movement of the price action.

ajkhan30

The price action after facing rejection from strong resistance at 1.24504 has turned bearish and on its way to anticipated Fib retracement of 61.80% (1.16563), 50% (1.14110) and further 38.20% (1.11567). The anticipated bearish trend is also supported by Bearish Diversion in RSI.

ajkhan30

Gold has broken the Area of Confluence and kept it bullish run. Long bullish C/S confirms that the bullish run is expected to continue till upcoming resistance. Chart Assessment may consider entry on the second bullish C/S.

ajkhan30

Price rejection at Key Area of Confluence (KAOF) 1 & 2 consisting of Horizontal & ascending Trend line. The price rejection at 1 HTF has caused C/S with longer wicks indication of Bearish Reversal. On the basis of Chart Assessment Trade Entry Short may be considered after breach of descending Trend Line. Please Like and Subscribe.

ajkhan30

Chart assessment predicts the price action is going to turn bullish soon after break-out from brief pause in range bound movement, entry of buy-long may be considered.

ajkhan30

The price action after completing Harmonic Chart Pattern Bearish Bat and Rising Wedge indicates trend reversal into Bearish. Chart Assessment expects Short-Selling after breach of ascending trend line.