Black Trendlines Represent on 1 Day Time Frame, with support @ 31760 ( Support highlighted )
Green trendlines Represents 1 Hour TimeFrame. Where 32400 is support and 32800 is Resistance.
Red Trendlines provides analysis for short term- 15 minutes and 30 Minutes.
On shorter time Frame, Price has created RSI diversion and falling wedge,
which shows market can go...
Hey guys!
In a 15 mins chart bank nifty has formed a double bottom pattern at the support which was very crucial. Basically Double bottom is formed when there are buyers waiting at the lower area which faced the rejection and that acts as a support. When the upper resistance is broken it is assumed that it will go up untill the size of the pattern (Double Bottom)...
All breakouts and targets are mentioned on the chart.
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AUDCHF is ready to kickstart at 2021, Has the ascending channel fill in it with double rejection at the top, Can trade for this upcoming week, All need a proper risk management & to take the entire move to the downside, AUD seems week across the board. So can take the opportunity for the short! Happy New Year everyone.
All governments globally have been generous in providing decent amount of stimulus to their respective countries as compared to their GDP's. What makes me wonder is that even after such huge amount of stimulus many countries have shown flat GDP growth or economic contraction. What if these stimulus were not provided at first place? The economies and the global...
BTCUSD has been supported perfectly on the weekly 200MA as I discussed in my previous post in 2019
The 200MA has proved to be a perfect entry on the corona dump.
As one can see, the downward sloping trendline resistance has been broken.
Also the 10000-10500 area which was proving to be a major resistance zone has been flipped as support which confirms the bull...
