akhil1206

akhil1206

BTC took support at Standard line or Kijun Sen on a weekly basis and bounced handsomely.... BTC had a weekly range of abt 1400 point...so expect some consolidation in coming weeks from 2960 to 4380.

akhil1206 Updated 

we had a correction of nearly 20% on BTC and a test at 50 DMA ...major support at 3600..fr the time being we r bearish on a short term ..if 3600 is broken then will try to test the 3000 levels..tat being said its a golden buying opportunity to buy anything from 3000 to 3600 levels....

akhil1206 Updated 

we cud have a Tenkan Sen / Kijun Sen Cross tomorrow (A weak bearish signal as the cross is above the Kumo.) So more shorting opportunities but be cautious as the cloud is still positive

akhil1206

waiting for reversal candles and confirmation on the weekly time frames....the longer wicks r certainly interesting. as of now waiting patiently ...let c wat happens before the weekend.

akhil1206 Updated 

Have Patience folks one way or another gold will mint u lot of money,, Use 1240 as SL fr breakout BUY above 1300 fr tgt of 1340-1375 and for reversal SELL below the neckline for 100 point downside rally with a SL of 1300.

akhil1206

Monthly bearish trend still intact fr gold... major resistance at 1400... downside tgt 1000-950

akhil1206

Waiting fr the breakout..cud be upward or downward break....numerous rejection at 54$....patter is an ascending pattern....my bets r on the upside break..

akhil1206

Bear flag formation waiting fr it to break ...and we r heading to new lows on weekly time frame...may be 1200 on the cards....

akhil1206 Updated 

Just short it

akhil1206

Time to short this Index sell below yesterdays candle ...tgt 8150 long term

akhil1206

Time to short this Index.....Sell belwo yesterday's candle fr a tgt 0f 38% retracement of 8150

akhil1206

Potential Descending Pattern... Sell below 1300 fr 1275-70 with a Stop at 1335......Feds can ruin this trading strategy if they want to...

akhil1206

Crude oil weekly chart shows price hovering inside the cloud with a negative bias...we have nearly completed the 50% retracement from 26$ to 51$...the big question is will it hit the 61.8% where the lower end of the cloud also exist...any closing below the cloud and its all over for crude. Long entry only above 45$ on a weekly basis as long as the forward cloud...

akhil1206

the tables have changed in a month....gold looking gud fr 850 long term.....daily weeky and monthly kumo is down now....look fr retracement or correction in gold....

akhil1206

As of now gold prices are trading inside the kumo with a slightly negative bias on a weekly basis,,though thr r some positive signs which could c gold going on the higher side.. As the chart above shows thr is a Bullish Senkou Span Cross on the weekly basis..and with seasonal bull run fr gold to follow in the coming months we could see gold touching new heights...

akhil1206

Its difficult to find a bottom in a downward trend especially in the case of crude which has been a downward coaster ride fr last 11 weeks now and thr is no sign of the pain being eased...On a weekly front crude has hit a significant support at 91.7 and is also holding on to a trend line...but if this support breaks the next psychological support is going to be...

akhil1206

3 trend indicators (PSAR, ICHIMOKU, DMI) showing signs for an upward momentum movement fr gold. A close above 1350 will b a gud time to enter, mild resistance at 1373 levels and if it breaks expect a movement till 1400 levels

akhil1206

Go long above 1350 on a closing basis