Guna1223

Guna1223

My trend lines are from weekly time frame that took reference from multiple year's price action swing points. Price here has broken the light green line, it's now near the dark green line where it will take support. I am waiting for price to reach red line but not in coming weeks. Price likely to go up sharply again before being rejected and crashing. I hope...

Guna1223

📌Big fall from fair value 📌Consolidated base formation highlighted in yellow 📌Good spike to towards fair value 50% retracement and gets weekly EMA support marked in red. That would have been an excellent place to enter. But we failed to notice. 📌Now forming inverted H&S pattern, price is currently at 2nd shoulder. Good place to enter. Price is also getting EMA...

Guna1223

Any healthy trend will respect support and resistance levels. In this chart the thick green line is a valid support which got broken. But where is the retest?? Market should have taken support on the thick red line to go up and test the broken green line, get rejected and come down. Only then I would call this last down phase as a healthy down trend. Market even...

Guna1223

Bottom formation happening. Will blast sooner than later. Look for another bear trapping dip. Price action and structure looks good to buy near 1000. Probability of modi winning 3rd term and technical support formation could coincide and push this towards 2800+ in 1year.

Guna1223

Price is kind of forming a Head and shoulder pattern between the red lines at the bottom of a long bearish run that began from the peak of Russia Ukraine war in early 2022. Price has completed forming left shoulder and head, not its in the right shoulder. There are two possibilities when price reached the red resistance line. Break the resistance or respect...

Guna1223 Updated 

price intercepted weekly 50ema. RESISTANCE. hovered little above to test the previous bottom. which again is a resistance. Double top formed at the top in 4H time frame. going short. stop loss above today's high.

Guna1223

This is how I see the big picture. 1. From black highlight which is Russian war peak prices, crude fell 2. Took bottom in yellow highlight Around Nov2022. And then formed an year long consolidated base on a sloping support line until it began to take-off from the 2nd yellow highlight. 3. Crude bull run started this June replicated the fall from Russian war peak,...

Guna1223

Look at this weekly chart. Crude fell fast from Russian war peak prices and started one year long consolation on a down slope trendline. Then is now climbing as fast up to reach the top of down slope Trendline that connects the peak prices of Russian war. some people may look at the double top of price rejection these last two days but it won't kick start a 50%...