1. It made bearish engulfing candle with closing of last month. 2. After engulfing candle there was good follow through. all depends on closing price of March. 3. in short term we expect 61% retracement which is nearby 9600 zone. ( its not shown in chart by fib tool.) 4. Gann fan clearly indicating big fall towards 9500 if march's closing is on down side.
Nifty50 Index Opened Gap up near about 70 points at 10301, Bulls showing aggression backs more stronger pulling up bears till the session, the barrier of hurdles of 10337 crossed Massively and with effect of short covering seen at the end touched the 100 DMA to show Bulls power. On daily chart formed long body Bullish candle. Now it’s an area of Challenge to...
EURUSD may be ready for a bout of profit taking and can correct to 1.1850/1.19 levels before moving to new highs.
20:55 Hrs 17th Oct2017 AUDUSD @0.7830 USDINR@65.01 Wish you a happy & prosperous diwali to all of you & your near ones. May Goddess Lakshmi bless all. ------------------------------------------------------------------------------------------------------------------------------------------------------------------------- AUDUSD Running with 200+ pips in back...
wait for breakout or breakdown
Someone rightly said - " Why patience isn’t just a virtue in investing, it’s a necessity for Trading" if you want to survive in the markets for long term. If I Can’t Have You Right Now, I Will Wait, Dear Few weeks back it made a high@431 - had started falling but it was not a convincing fall to 403 & pushed upside slightly above 430 levels making new...
In the above chart, I have showcased a confluence or relationship between Elliott Waves and Harmonic Patterns. Where I have mentioned and pointed out time where they confluence and provide us a successful trading opportunities. Such confluence is simple to understand and provide a great reward over risk by initiating in them. I have attested below edcuational...
This is an interesting educational post which I observed last week while analysing charts that were showing Head n Shoulder Patterns. I thought of relating it to the Elliott Waves Theory and found out some similarities in their pattern formation. I have displayed both the pattern formation and indicated WHEN & HOW TREND CHANGES once such patterns are formed. H&S...