Very strong strong support with 4 previous rejections was broken. Market was comfortable standing on top of that support for sometimes and it's finally broken through. There was a retest in an attempt to come back up, but it was rejected. Waited for my time filter. Bearish pattern formed on the resistance. My SL well above the resistance. My TP at the trough.
Meghmani Organics Ltd. operates as a diversified chemical company. It operates under the following segments: Pigment segment and Agrochemical segment. Meghmani Organics CMP is 83.21. The positive aspects of the company are Company with Zero Promoter Pledge, Growth in Net Profit with increasing Profit Margin (QoQ), Stock with Low PE (PE = -20) and FII / FPI or...
Bhansali Engineering Polymers Ltd. engages in the manufacture and sale of acrylonitrile butadiene styrene (ABS) and styrene acrylonitrile (SAN) resins. Bhansali Engineering Polymers CMP is 99.68. The positive aspects of the company are Company with No Debt, Company with Zero Promoter Pledge, Growth in Operating Profit with increase in operating margins (YoY) and...
Low of today 23206 is very critical support for Nifty. If that is broken tomorrow or later during this week. It will be a typical sign of a top or double top formation. Indicating weakness which can find Nifty searching for supports. Supports for Nifty from current level are at 23206, 23074, 22995 (Mother Line Very Important support 50 hours EMA), Most critical...
I see a nice gap up on Dollar Index. As always, chances are high that it will be filled soon. Approaching a key daily horizontal resistance, the Index started leaving bearish clues. I spotted a confirmed breakout of a support line of a symmetrical triangle formation on an hourly time frame. The Index may drop soon and reach 104.95 level. ❤️Please, support...
Took a short yesterday that went according my analysis. After a retracement and doing further analysis my bias is still leaning heavily towards the downside. The monthly nor has the weekly high been breach to make a new higher high. Right now, i'm looking at a rejection on the 4hr and 1hr timeframes that looks to be hitting resistance inside of a fair value gap....
Hello Traders. The Daily Range today on Crude Oil was 2.89$. This is in the top 10% of the 113 Daily candles that we've observed so far this year for Crude. Quite the move to the upside to begin the week! We mirrored the move bearish from the previous week, which happened to be on Monday as well. The monthly candle managed to flip back bullish as we kickoff the...
GBPJPY is currently at the top of an ascending triangle pattern on the 4-hour chart. This formation is typically a strong indicator of a bullish trend. A breakout above the neckline, which is a 4-hour candle closing above 200.00, would confirm this bullish trend. If this breakout occurs, we can expect the price to potentially rise to 201.00 next.
Friday's nonfarm payroll report took many by surprise to send the USD dollar sharply higher against all of its major peers. And that clearly took it toll on the Aussie, which suffered its worst day in five weeks. A bearish outside week formed, all thanks to an elongated bearish engulfing candle on Friday. AUD/USD managed a minor rebound from its 100 and 200-day...
I believe we are about to see a movement many are just not expecting; whether that's to the upside or downside.... that's anyone's guess but if I was to put 50% of my chips on one side, I'd go for red.
Picking the low hanging fruit, aiming for $2,277 which is the daily sellside where there's more chance for pain to brew once attacked
Unlike other weeks, this weeks price action is much clearer with indicating where price action is most probable to attack. I'm betting sellers will be in for ALOT of pain this week!
All eyes on dollar as if we see a continuation of what we witnessed on friday, a gigantic bullish candle, we might see the opposite play out with GBPUSD
Whilst is rare to see YM do it's own thing in comparison to ES and NQ, threes a good chance equilibrium will be met between the three soon..... the question is when. Targeting 38,350 for next weeks hectic price action.
Volatile week ahead and a lot of money is on the table to be made. Interest rates has dropped .25 basis points and the opposite effect has happened with dollar denominated pairs. The question is, will NQ bend it's knees??
I would like to see more data before attacking sellside but with dollar shooting to the upside and FX pairs following with stick index pairs lagging, I'm betting ES, NQ, & YM will catch up.
We are starting to see a shift in market sentiment with 105.184 prime for attack? Question is... when will it occur??
With weekly buy stops taken, there's only a few alternatives left... 116.16 macro equilibrium is my small hanging fruit Bonds is most likely going to attack! Are you ready for war?