Hey everyone. Another successful trading day has passed. Only a couple of trades we taken as forecasted in previous posts.
As you can see we have finally broke the 4hr lows which ive been calling for a while and we traded according Closing all positions a few hours before the big news came out.
We cut our trades prior to news as i dont want or need random news...
This looks like a channel, so I say it is a channel. The interesting thing about channels is that you will almost never get all price points on the lines. Price can break up and out then return in, or break down and out and come back in, or break totally out and stay out.
But it's an opportunity for those who plan carefully.
Stay safe. Don't get the Indian...
If you thought the DJI was overvalued, have a look at the India50. This thing has outperformed loads of other stock indices, even rivalling the Brazilian Bovespa. They've certainly passed the moon. Could the next stop be Mars?
Well I think a significant correction is well overdue. Of course, I don't know when that might happen. The show could start with a 5 to 15...
The Indians are in a similar position to many other stock indices. Three things can happen here:
1. Price goes below the amber ATR line, and then rocks north like a bat outta hell - or
2. Price collapses below ATR line and continues south for a while.
3- Price continues to range within a horizontal band.
Whatever happens there is money to be made here - if you...
ONLY FOR LEARNING.
WE ALL KNOW THAT THIS RALLY IS BASED ON LIQUIDITY
INFUSED BY GOVERNMENT IN MARKET WHICH IS GIVING RUN
UP TO THIS RALLY. WE CAN SEE THIS
RUN UP TO CONTINUE TILL US ELECTION.
ONLY MY OPINION IT CAN BE WRONG.
IF IT BREAKS SUPPORT LEVEL DUE TO
CURRENT WEAKNESS IN MARKET THAN
WE CAN SEE NIFTY GOING TO LOWER LEVEL.
The Indians are looking weak on this 3D time frame.
The theory of curves says (at the moment) that price is losing steam for the north. South is the greater probability estimate. Note: this leaves a residual probability for the north.
Disclaimer: Lose your money and sue yourself!
The Indian Markets are hardly every the topic of discussion on Tradingview. Most people look mainly for the DJI - cuz 'America is great'. For me, it don't matter; wherever there is an opportunity I'll pay attention. The Indian Market is in a precarious position right now.
I see some sort of expanding upward wedge. This can create probabilities for the north or...
The India50 is not one that's often talked about. I show how I estimate the price action and probabilities for a short position. As always if anybody is getting into this, prepare to lose! This is a loser's game - we can't win without losing, end of story.
The Indian stock market is not one I usually see talked about on Tradingview. However, it has been ripening for a short over the last few weeks. Markets decide their own course. Generally though the India50 appears to be weakening.