This short video explains how the evening star turns into a wedge pattern. If correct, downside 16590 was critical support, holding above Nifty could bounce back again to 16680-16700. On the upside, Holding below 16712 highs, It can attempt to fall back again to 16615-16625 & assuming that if Index falls below 16590-critical support, it can fall to 16500 / 16440 /...
Educational Idea talking about reversal candlestick pattern - Tower Top & Double Divergence at the tops could be halting the bullish moves. Once we get follow up going below 16475 immediately- It could have bearish bias for the days / weeks to come ahead. Important Support Levels - 16160 / 15800-15900 / 15500 Thanks for watching the video.
Wedge Pattern - for Right Shoulder (Complex Correction)
We see: 0-1 Impulsive wave 1-2 Triangle correction wave 2-3 Impulsive wave 3-4 Correction 4-5 Ending Diagonal wave And the immediate fall
Very soon there will be a trend reversal in the pair USDCAD. The current price structure is forming an ending diagonal which is going to complete the long term corrective wave A-B-C started in the month of march. The another reason for expecting a trend reversal is the bottom formation of dollar index, which clearly suggests that major reversal going to take...
Looks like an ED is in Wave C. The counter would be on my hot watchlist.
NH Chart was shared with me by one of our Seminar attendees. I clearly updated that looks like a C Wave Trade and worked out perfectly. Staying connected with right people can add great value.
Super Excited to Start This Idea with Marathi Musical Piece - Ghan Othanbun "Yeti" by Legendary Singer - "Lata Mangeshkar Ji" which compliments by Blue Microphone "Yeti". Thanks for your precious time & I wish all of you a lovely & terrific week ahead. Trading Strategy Plan A – Getting an opportunity close to 12200-12225 – Buy with strict stops below...
Weekly time frame Bearish Harmonic AB=CD can retest 180 Daily time frame diagonal ending, breakdown below 203 Hourly time frame Bearish AB=CD prz 215 View would negate above 223