Bank nifty is looking v bullish than nifty , if price breaks channel & resistance at 37000 level ,momentum can take little pause between 37000....38000 levels. we can see small consolidation around this area & can expect a small retracement from this level .
if price fails to break immediate resistance , we can expect initial retracement till 0. 236 of fib.
Analyzing the chart, I see 2 important points:
1 - Coming a correction to $6790. I believe that is the best price to buy in this cycle.
2 - Important persons is saying Bitcoin$25K in 2019. I believe that will can reach this price in midle of 2020.
XAUUSD LONG 5 WAVE - AB=CD
Pattern analysis suggests AB=CD parallel geometry.
Culminating into an eventual long, finishing the second 5 wave it's just started here at The end of September.
Looking at an eventual long past the resistance around the month of December - in step with the rate hike, but for now,
looking for the bounce off the top red support,...
DAX has been quite erratic these days ... To see if it finally restores a little and can be re-operated with the normal way. You should go up to the marked goals. I do not rule out a stronger pullback in the first target. You may be able to reach the 10800.
Good Trading.
3xWk Previous May 05-25-2015
hi 245.3
lo 227
Last 3 swings
Wiskiest Wk Swing
lo 166.45
hi 303.8
Mid swing
hi 303.8
lo 214
Latest swing
lo 214
hi 249.2
Week May 05-11 sales volume is half previous buy volume
May 05-18 buy volume is a little lesser
May 05-25 sales is a little lesser
