sreebhashyam

Nifty -bears Inclined or imported

Short
CME:NKD1!   Nikkei/USD Futures
All the four charts are interesting to see, a) Nikki - broke the triangle as well as the 21 DMA b) FTSE, broke follow through and then failed closer to 21 DMA c) Dax had volatile week and just about to break the Triangle d) our own nifty in triangle 21 DMA is very far off. Clues suggest a) all moves are synchronised in that sense all looking south. b) we are different and each one carves its own path (most unlikely). Again August historically more volatile hence caution is needed. Brace for volatility inclined to be on short side, at best topping out pattern.

TA Primer ping me on +96895753093 +918106170817 details @sribhashyam65 twitter handle
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.