Daily charts showing price hovering at resistance zone as indicated in the chart. Price is currently forming a nice uptrend formation with higher highs and higher lows on the daily chart. H4 chart, that is also shared below, shows price has broken inside the zone earlier from below and trying to find support (earlier resistance hoping to become support) We ...
Price very volatile... high Beta stock Look at the RSI.. it has been moving between the Red zones on both the ends finding support and resistance accordingly, indicating still weakness persists and that's not the end Chart self explainatory
TVC:USOIL has recently got on an uptrend but price has reached an important level of FIB levels...Price will see a lot of congestion at this point, like what we are seeing already. I have shown various timelines and important support and resistance levels going ahead. Look for signs if price makes higher highs and higher lows, for confirmation of uptrend. and...
H4 on FX:USDJPY is showing on a support level and we may see a bounce from these levels, one can buy on bounce. Also, look for RSI moving / starting to move upwards from the Green zone that It currently is placed. IF RSI breached the green Zone, expect price to have a downward bias , where you should then go short! Keep looking more on this space If you like...
NSE:VEDL currently at about 160.95 looks to be forming an uptrend making higher highs and higher lows as indicated in the chart over the price action Note this is a trade set up to go long. I would like to wait for price make a higher high first in this move (close on daily charts above 166 levels) and then hopefully retrace and make higher lows (should close...
XETR:DAX has a good run up recently and has formed an uptrend on the daily charts. While the chart is self explanatory, I would like to share some thoughts If you are long the DAX, stay invested. When it comes to fresh entry, I may want to look at a retracement and see higher low formation, and then buy! Trust this helps If you like what you see, then please...
FX:USDJPY looks very choppy Since daily charts have positive bias, I believe that long trades on 4 hours charts/ intraday will be trend following However, as we can see, there is a bearish divergence that has been witnessed, price moving upwards and RSI moving down. Divergence may remain for longer periods even post when they are witnessed. At this stage, I...
FX:EURUSD weekly charts shows continuation of range bound downward sloping market, no real clear signals emerging showcasing change of trend. As we can see, price is making lower highs and even lower lows. A few larger candles have started to emerge. Watch out for breakout on either direction and possible clues on further move. Cheers
Gold after a string move on Daily charts has pushed into a downward channel. OANDA:XAUUSD should find support around 1435 to 1448 levels. Since the daily charts are in the downtrend, any trades intraday on 4 hour charts on the short side will be trend following. CAUTION : Wait for the price to reach the upper points of the resistance line and wait for...
AMEX:SPY got into a uptrend on the weekly charts as indicated by higher highs and higher lows (marked with yellow zones).We have made a higher high again indicating continuation of uptrend At 289 levels we got the entry signal on the RSI and indicator has been holding on very well Since then, we have a nearly 7 pc move and looks good ahead, unless trend...
FX:USDJPY making higher highs....and higher lows....continues in the uptrend on Daily charts... Look at thee candles as indicated at the end of Aug 2019, we got a signal of a positive reversal and that happened to be the bottom as well (may not necessarily be the case always) The price action has been continuously making the uptrend and watch out for...
China A50 gave a buy signal on Nov 1st 2019 on day charts, as indicated on charts. As we see now, price has formed a higher high and we will deep dive into the hourly and monthly charts for cues. Look out for retracements and if price continues to make a higher Low, then treat it an entry point to buy more Adding my earlier studies for different perspectives on...
TVC:DJI has got on the uptrend on the weekly charts, mimicking the uptrend seen on Weekly charts on the S&P 500 The charts shows a series of higher highs and higher lows, confirming the current uptrend and the recently weekly candle has closed over the previous high indicating continuation of the uptrend. Watch for any retracements to see if the lows are higher...
OANDA:CN50USD on weekly charts look good for up move Some of the important levels are marked on the charts and look out for a few more higher highs and retracements to be higher lows. Keep an eye on the RSI too. We have not been on the OVERSOLD space and holding up the middle zone If you like what you see, please share a thumbs up!
NSE:NIFTY has had a good rally upwards and has fomed two distinct resistance and support zones, Support zone indicated in the yellow zone and price very close to the resistance zone It will be nice to see price creating a higher high breaching the above resistance zone and then retracing back making a higher low and give the trend the continuation confirmation...
BABA on 4 hours chart has got into an uptrend and unless it closes lower than 176, may continue to show strength on this time frame. It has taken down the previous highs and a nice retracement making a higher low and RSI bounce back into the mid zone will be very bullish, indicating that market getting over sold with low retracement on price and markets good...
Hi All, BABA on weekly chart shows distinct zones...we had a great rally 2017sh.....then once the previous higher low was breached by lower low, first indication came that the trend will change, and change it did. We got into weeks of sideways markets, with bulls and bears pulling price in their zone. We finally got out of the rectangle channel and got into a...
As seen on the weekly charts, CQQQ seems to be changing directions. Bullish divergence seen recently as indicated in the chart and price getting into an uptrend, recent week high also broken and price now eying the 52.31 level breakout. Important to see a retest and look out for price retracing and confirmation of uptrend if price makes a higher low than the most...