JAIN IRRIGATION DVR on a downtrendNSE:JISLDVREQS BSE:JISLDVREQS
Present scene..
1.The Kumo cloud in the weekly will give temporary support to the falling prices ..
2.The Price action is present between weekly support S1 and weekly pivot
3.The 0.283 arc support
4. Median line of pitchfork , price magnet theory..
5.Fibo support of 0.5BC of the Reciprocal ABCD...
Why crack down expected...
1.The is a small kumo cloud escape zone
2.A Reciprocal ABCD is expected to form
3.Expanding wedge
4.The 0.382 arc is the actually support arc waiting...
5.Price failure theory if andrew pitchfork
6.Bearish Divergence
The downside is expected to halt at the green 0.382 line of the pitchfork , which also completes the reciprocal ABCD formation and is the 0.618 support arc, also validated by the 0.786BC of the reciprocalABCD and weekly support S2..
And as this is a bullish reciprocal ABCD , a upmove is expected to start after the downside , whose primary resistances can be expected to be at 0.382DC and 0.618DC respectively....
Disclaimer... this is not a time dependent analysis....No current investment
This is not an investing/trading recommendation....
AB=CD
Bitcoin on Death Row- Downtrend Prevails1.Descending triangle in formation
2.Price play at pivot
3.20hr resistance band of kumo cloud will resist uptrend heavily
4.Another touch of the triangle upper trendline expected
5.a volume backed breakout expected
6.this triangle is a continuation pattern so downtrend prevails
7.Downtrend follows the fibonacci where the primary fibo ratio of 0.618 is considered the first big support in the play
8.Or the trend may follow as AB=CD where the pattern completes at the 0.886 support level
Disclaimer.. Not an investment/trading advice..
A relief Rally in BTC !BITFINEX:BTCUSD COINBASE:BTCUSD BITSTAMP:BTCUSD Sorry, this was a late idea published as net connection was too slow to publish, i have been scalping the price since the cypher..
Now the plan is, as the bat that has formed mainly in the 5min time frame and has completed its effect , i expecta bounce from the ichimoku kumo cloud soon and to go grossly as the pathway described.....
Their can be more harmonics coming on the way as there is significant volatility...
But i expect the over all trend to do a bearish AB=CD..
Disclaimer... this si not a trading /investing advice..
will update the bat below in 5mins frame...
A relief rally possibility in BTCUSDThe game changed when the falling wedge broke out , followed by a bullish cypher, the first bullish pattern in the chart..
Now in the shorter time frame there is a bearish bat which seems to be forming..
If the formation i complete i expect a throw up to the first resistance level as marked...
The whole strategy is supported by a bearish ABCD in the background...
Disclaimer... not a trading/investing advice
USD/RUPEE FACEOFF in a rounding top with momentum divergencePoints in favor of the bears...
1. A perfect rounding top in formation
2.Rsi divergence at the top
3.A bearish ABCD harmonic
4.Trendline broken after many years
Points in favor of the bulls..
1.Ichimoku cloud has reflected the price upward
2.Bullish CD leg of the Bearish ABCD harmonic is still left to be completed
3.Price action is well above the neck line of the rounding top
Impression... Short term bearishness within a long term bullish sentiment
AMARAJABAT ABCD ABCD ABCDAMARAJABAT has been moving in a down channel more than two years. Making Couple of head & Shoulders. Also, interestingly all the H&S moves are AB=CD
Lets see if it continues to do so.
Less Clutter-->
EICHERMOT: Best Accumulation at Lower Level.......... Detailed plotted & mentioned on chart.
Bullish AB = CD Pattern, Possible Min. Upside point "C"
Trade as per Specified level with description.
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Disclaimer: Only For STUDY. For Taking Trade Decision Consult Financial Advisor.
Three Line Strike at AB = CD PRZ Trend continue or reversal?The stock was in downtrend has given breakout from descending Triangle pattern. Price made a strong Bullish Three Line Strike which is a reliable pattern that too is at the Price Reversal Zone of AB = CD harmonic pattern . The reversal got resisted at the previous support line and affected by volatile budget session. Let's put it into watch list and observe the price movement on coming days at this interesting level. One can go long if it shows sign of strength or short if it closes some ticks below the recent low.
IBREALEST - BAT pattern Completed the BAT pattern on 15min chart. Hopefully hits the Target 01 and Target 02 respectively.
Century Tex Bearish abcdCentury Tex Bearish abcd
1 can look too short it at/below 1305 with 1350 as SL
T1 - 1280.5
T2 - 1259.5
T3 - 1238.5
as expiry is approaching
aggressive trader short 1320 CE CMP = 16 so profit 16.6*250=8800 if stock stays below 1320
conservative trader short 1350 CE CMP = 7 so profit 5.5*250=3850 if stock stays below 1350