bbrijesh

bbrijesh

The tech stocks witnessed deep corrections of over 30% on Nasdaq. Nasdaq was one of the most underperforming indices in US and the bearish momentum prolongs on the first day of 2023. The Bullish Harmonic pattern on $Goog confirmed the reversal but today's dip seems an opportunity to go long. The pattern negates on breach of $80.

bbrijesh

* Wyckoff Analysis * Distribution Phase * Doji @ top #Invalid above 12050

bbrijesh Updated 

* Bullish Anti-Nenstar Harmonic Pattern * Oversold RSI

bbrijesh Updated 

* Bullish Harmonic (in Blue) * 61.80% Fib retracement * Trendline retest (pink lines) -> Invalidate below 19,190

bbrijesh

Should rally post inventory data

bbrijesh Updated 

Index is trading in rising channel formation (marked green) for nearly 45 days. The falling shoulders and falling waists suggests the downside momentum towards 19,300-19,400 levels. RSI has begun its southwards journey after resisting near previous low.

bbrijesh

Rectangle breakdown

bbrijesh

Bullish Harmonic

bbrijesh

Bullish Harmonic

bbrijesh Updated 

Bullish shark pattern at support of Symmetrical Triangle.

bbrijesh

The break below the channel would test 93.30

bbrijesh

Bearish Harmonic with PRZ @ 1.1495-1.1510 for target 1.14-1.1370. The pattern fails on the breach of 1.1530 levels

bbrijesh

Bearish Harmonic

bbrijesh

Bearish Harmonic

bbrijesh Updated 

Bearish Harmonic RSI Stochastic Bollinger bands

bbrijesh

Nifty likely to cool-off from 7,500-7,540 zone towards 7,200-7,250.

bbrijesh

The decade of bull run from ~$260 in 2001 to $1920 in 2011 (6X) on back of safe haven buying and an investment asset class ended with revival in major global indices and on track economies. The 5 years of slow and steady pain from 2011 to 2016 where gold lost 45% of its glittering from its peak might come to an end. We might witness the resumption in the bullish...

bbrijesh

Bullish or Inverse Head & Shoulder (in green) and Bullish Flag (in black)