vijayv01

vijayv01 Updated 

Short SPX500 at 2168 for 20 points. Not more than that

vijayv01 Updated 

As an update to the previous post : Price has crossed the resistance level. Be cautiously long with a intraday SL of 2095 and a closing SL of 2105

vijayv01 Updated 

The lower support line to be held on a closing basis for a neutral stance. 2098 to be surpassed for bullish bias to resume.

vijayv01

The next weekly closing renko levels to be surpassed are 8282 , 8540 and 8798. SL 8024 on closing.

vijayv01

New red renko bar is forming and probably is the start of a leg down . SL is daily close above 2054

vijayv01

Hey I got this crazy idea of doing a EW count on a Renko chart

vijayv01

As per the Renko bars, weekly close above 7689 is not bearish yet.

vijayv01

Renko level-- Weekly closing above 2077 is bullish

vijayv01

Crucial spot .

vijayv01 Updated 

The renko bar completion will signal a short. Till then be patient or go long with 2055 as the SL

vijayv01 Updated 

Go long with a SL of 2055, which is the half way mark for the previous renko bar made of 10 period ATR.

vijayv01

Just keeping the previous Renko close as the stop

vijayv01 Updated 

The renko bar on a daily timeframe has started emerging and the RSI has not reached the historical peak level. Expecting more upside.

vijayv01 Updated 

If the daily close not atleast 100 points up from current levels then looks like the preferred path is down.

vijayv01

The start of a red renko bar shows weakness. But still would make sense to wait for a complete bar or break of the trendline above

vijayv01

12 consecutive green renko bars. RSI ( seven period) in saturation levels. Ripe for a short.

vijayv01

Price reaching Renko resistance level and 7 period RSI reaching saturation levels. So a short after a 50-100 point rise.