In my July 15 post, I had said Again tomorrow may be a pause ,range bound day with indecision candle. I don't expect it to cross above 10760. The lower bound is again 10560. The other possibility is continuing the trend towards the 10500 level. NIFTY paused and stayed in the large range of...
In my yesterdays post I had said Even though the chart looks good, I have a bearish bias for tomorrow and Monday. This is mostly because the whipsaw we saw yesterday. If NIFTY manages to close above the new high by Monday, I’ll be wrong again. I’ll not short, but mostly observe if it crosses 10850. I’ll short NIFTY below 10730. Nothing changes in my view...
My yeterdays trading Log Nothing to mention. Consolidation in the range. Neither of the trading range boundaries were broken today. My Trades today I did not trade today. My Observations for the day 1. 4th consolidation candle. NIFTY closed -0.10%. 2. BANKNIFTY closed 0.05%. 3. VIX at 29.12. 4. Advance Decline 20 to 29. 5. FII data turned bearish...
My weekly view My trades today 1. I did not trade today. Observations for the day 1. Typical consolidation day on gap down.NIFTY closed -0.68%. 2. BANKNIFTY closed -1.08%. 3. VIX gained 0.61%. There was fear of greater slide down in the morning session, but this did not happen. 4. NSE Advance Decline is 38 to 12. My view for tomorrow 1. Today's...
In my trade review post I had said, 1. NIFTY consolidated after the fall. To assess, if the fall on Wednesday was corrective or start of a new swing, I need to wait till Friday. 2. Friday, if NIFTY continues downwards journey, It may quickly succumb to pressure and move towards 10050 area soon. Closing above 10390 again, will confirm the consolidation. 3....
I'll review what I anticipated in my post yesterday 1. Today's price action can be a swing high formation. We need to wait till Friday EOD to confirm. 2. Overall now I assume the trend is consolidation with bearish bias. 10500-10600 is significant resistance, even if gets retested, it will be hard to break it quickly. 3. Tomorrow, being expiry, I dont have...
In my yesterdays post, I had said 1) Considering the volatile moves for last 3 sessions, I think we may have relatively calm market for next two sessions. 2) I maintain my bias , consolidation with little bullishness. 3) The current situation is NIFTY has formed support around 9600-9700 region. And it has multiple resistances from 10000-10300. The move from...
In my trade log yesterday, I had said 1. NIFTY is in consolidation. It is likely to see some downside tomorrow as well. 2. This is not a simple dip, This is likely to form range. 3. 10300 is firm resistance, any upside is possible only above that. 4. NIFTY is now searching for lower end of the range - first candidate for that is last swing low 9950. This is...
I did not trade today. I was mostly watching my 9500 CALL position, which is still open. I had said 1. NIFTY has touched the 9050 region and reversed. It may now try to retrace and go towards 9440, upper bound. This may be successful or not. 2. From overall price action today, buying the dip in NIFTY or BANK NIFTY would be good strategy for coming days. Given to...
Price fell nicely as expected. We should see price turn back up around the 261.8% level. The following move might be a simple ABC correction, as labeled, or we might start to rally higher again. In any case, there is no clear possible trade here, for now, there are a lot of easier ones, trade them. I suggest cross pairs. PS : This chart was posted on my Telegram...
See chart notes for why we're still in a Bearish shape and why I'm not looking for an entry anymore. Yes, retests are nice areas to get in. No, I don't care for wide stops nor do I have the patience to sit through vague ideas finding clarity. We could easily come back down to the pink zone and then bounce back up. D1 is hugely important for healthy analysis....
EA is a no trade until price decides to break above or below the current consolidation box on daily. The supports and resistances above are possible profit targets. Sit back, save your money and wait and watch.
Previous analysis /position: Wasn’t feeling good about long position and moved stop loss to breakeven. Patterns: Battling pitchforks. h&s + bear flag on 1 hour Horizontal support and resistance: R: $465.32 S: $452.21 ETHUSDSHORTS: Nearing the all time lows, making a short feel very attractive 12 & 26 EMA’s (calculate % difference): 12: -1.29% 26: -2.97% and...
This is a small guide and clarification on Key points how to identify and trade a Head and Shoulders pattern. First off A head and shoulders is made of three key components A) Left shoulder B) Head C) Right shoulder In this formation at the attempt of reversal from BTC 5.40% , we can clearly identify these components. Some counter arguments have sprouted...
Observing where the #BTCUSD is likely to bottom. The wedge in the chart shown maybe diverted to be something totally different in the coming couple of months. For now, however, the support and resistance boundry lines are valid till proven otherwise. current support zone 5,500 - 6000 but no #entry should be made before #downtrend confirmed turnaround. I really...
Don't trade on anyones chart at the moment. There is really no clear direction imo and anyone giving 1 path BTC will follow is doing nothing but guessing or comparing bitcoin to previous years. We are in a weird zone where both sides aren't showing too much strength, Bears just a little stronger at time of making chart. -Purple line above may be used as...
just buy it, no scam here... -me FYI= i dont take responsibility of any loss happen to you, but if you profit from this, just give me 666% of it...