Buying Opportunity in BNF All the details are mentioned on the chart
Till now market showing bullish bias
-->There is just one more check box left
-->If price can give a closing above previous high and if it can retrace min 0.5 -0.618 % then we can enter for a long position.
-->No trade if price comes back without creating a higher high & View will be negated if it cross bellow 40200 before breaking previous high.
Managing the trade:
If the trade goes in our way
*Exit half Quantity @1:1 Risk/Reward Target and Shift to SL to cost
*Exit Half of the remaining with 1:1.5 or 1:2 Risk/Reward (by looking at momentum) and trail the SL.
*Exit remaining with trailing Stop loss.
*SECURING THE TRADE AND PROTECTING THE CAPITAL SHOULD BE YOUR FIRST PRIORITY.
*NOT A SUGGESTION VIEWS ARE FOR EDUCATIONAL PURPOSES
***If you like my analysis let me know by giving boost or a comment.
I will be updating
Btc-e
NIFTY PRE MARKET ANALYSIS 18/10/2022 E4Good Morning Everyone,
-->Nifty continued to maintain higher levels and given a good closing
-->As I said in Nifty short term view We have to change view once Nifty give closing above 17450
-->Strong Sgx gap up indication & there will be a short covering move possible to the upside.
-->From the opening look for buying opportunities 5 min candle range breakout or 15min candle range breakout should work today
--> 17600 and 17650 Flag upper trendline will act as a resistance now.
Trade Ideas;
-->Look for Buying opportunities at 17450 and 17350 levels.
-->Look for shorting opportunities at 17600 and 17650 levels.
Note: All this pattern looks like a Big Inverse Pole & Flag Pattern .Again pattern changing everyday :)
This weeks expiry is crucial for the direction.
*SECURING THE TRADE AND PROTECTING THE CAPITAL SHOULD BE YOUR FIRST PRIORITY.
*NOT A SUGGESTION VIEWS ARE FOR EDUCATIONAL PURPOSES.
If you think video analysis will be good for better understanding & If you want me to do video analysis pls give a boost. If I can get 2000 boosts overall on my profile I will start doing video analysis. Need motivation very badly. Expecting as low as 10 follows for this work 🙏🙏🙏.
BTC/USD - Weekly OverviewThe past week commenced on a significantly positive note as the world's largest cryptocurrency broke above the price level of $22K for the very first time this month. However, due to the prevailing sentiments, the price level was not sustained for a longer duration. This certainly indicates that the ever-lasting felt-like bear market has forced investors to sell at whatsoever higher price available.
Considering the Fibonacci retracement level, the price level is facing strong resistance above the 0.786 FIB level. Additionally, it has been observed that lots of Doji candles have been formulated in the chart from the past week. This suggests that there’s a sort of indecisiveness present and sideways momentum can last longer.
Looking at the current trend, the RSI level is showcasing positive momentum with a breakout above 50. The same applies to DMI in which +DI is looking to have a potential positive crossover against -DI. Overall, BTC can face resistance at $20K and $22K. Whereas if things go south, support levels can be placed at $19K and $18K respectively.
NIFTY Pre Market Analysis 17/10/2022 E3Good Morning everyone,
Keeping SGX Nifty in mind (17070 levels) Lets say Nifty will have a gap down of approx. 100 points
-->Nifty will try to open @ 17060-70 levels
-->We will be almost opening near support zone.
--> Unless it breakdown 17000 level on stays there for min 15 mins there shouldn't be any shorting .
-->After opening,
--> If market shows bullishness like 5 Min range breakout/15 min narrow range breakout then we can go long with Stop losses below the range.
-->Targets would be as mentioned on chart.
-->After opening,
--> If market goes to test 17000 level (good demand zone) ,Here wait with patience if market shows bullishness(forming bullish candles or
breaking previous highs on 5m TF) then we can go long with SL placed below 16950 and the Targets would be same as mentioned on the
chart.
*SECURING THE TRADE AND PROTECTING THE CAPITAL SHOULD BE YOUR FIRST PRIORITY.
*NOT A SUGGESTION VIEWS ARE FOR EDUCATIONAL PURPOSES.
If you think video analysis will be good for better understanding & If you want me to do video analysis pls give a boost. If I can get 2000 boosts overall on my profile I will start doing video analysis. Need motivation very badly. Expecting as low as 10 follows for this work 🙏🙏🙏.
Nifty Short Term View.Things to Remember:
-->I am neither a Bull nor a Bear and I believe in the term "Correction" rather than "Crash".
-->No one was correct/is correct or will be correct all the time.
-->Particularly these wave analysis may go wrong at anytime that too with a novice like me high chance.
-->With the same data / charts available there will be another analyst, he/she will be having other opinions.
-->So Trading is quite difficult.
-->So my plan here is to give my point of view and it will change with time accordingly.
-->Zoom in/out and keep the chart as comfortable as possible I have drawn as few lines as possible to make you understand
Nifty Short Term View:
-->What if 15200 is start of an impulse wave?:
-->From 15200 to 18100 level will be consider as an impulse wave(Green Eclipse) (itself having several sub waves in shorter time frames).
-->Practically after a wave 1 ,wave 2 will be a corrective wave and it can retrace back to any where near 38.2% to 100% of wave 1 .
-->Wave 2 will be a corrective structure of 3 sub waves. (WXY) as shown in the chart.
-->Now W wave has 3 sub waves and structure is completed.
--> X wave is sort of forming a horizontal triangle
-->Price touching "d" and retracing back to 17300 level will complete this triangle pattern.
-->If the triangle pattern breaks down as shown in the figure and if next wave "Y" can have a same projection as "W" then can complete following structure as shown in the chart
-->This will indeed complete the wave 2 of larger time frame by coming inside 61.8% od wave 1.
-->What if Nifty gives closing above 17430 - 450 levels ?
--> Better to cover all shorts and I will looks into my charts all over again!
-->In these volatility it's better to trade at the extremes with low SLs. Plan the trade Trade the plan
*SECURING THE TRADE AND PROTECTING THE CAPITAL SHOULD BE YOUR FIRST PRIORITY.
*NOT A SUGGESTION VIEWS ARE FOR EDUCATIONAL PURPOSES.
If you think video analysis will be good for better understanding & If you want me to do video analysis pls give a boost. If I can get 2000 boosts overall on my profile I will start doing video analysis. Need motivation very badly. Expecting as low as 10 follows for this work 🙏🙏🙏.
NIFTY PRE MARKET ANALYSIS 14/10/2022 E2Good Morning Everyone,
-->If we observe price action yesterday, in the second half Nifty started showing bullishness. Price has failed to break previous low and started going up till dynamic trend line.
-->So everything together formed big double bottom.
-->After seeing SGX Nifty yesterday at 16800 I thought today will be completely different day. But SGX Nifty turned around and went all the up to 17280 -17300 levels.
-->After breaking the trendline now price will try to shift the zone first.
--> Will the gap up sustain?
-->If we measure the distance from yesterdays closing and to todays opening (say 17280 -17300) It will be more than 1% increase.
-->Things to keep in mind today.
--> 5 Min breakout or 15 min Breakout should work today.
If price breaks 5 min candle or 15 min narrow range breakout we can enter the trade in the price direction.
--.If the price comes down after opening to neck line then look for buying opportunities.
If price start going up
Resistance 1-17350
Resistance 2-17425
If Price start coming down
Support 1-17140 - 17170
Support 2-17070
-->When the market is live observe the price action whether it is creating higher highs and higher lows or lower highs and lower lows . You will get all the answers.
*SECURING THE TRADE AND PROTECTING THE CAPITAL SHOULD BE YOUR FIRST PRIORITY.
*NOT A SUGGESTION VIEWS ARE FOR EDUCATIONAL PURPOSES.
If you think video analysis will be good for better understanding & If you want me to do video analysis pls give a boost. If I can get 2000 boosts overall on my profile I will start doing video analysis. Need motivation very badly.
Nifty Expiry Day Pre Market Episode 1Good Morning Everyone,
If we observe the chart in 30 min time frame we can see a head&shoulder pattern followed by a beautiful breakdown and an excellent retest to😁.
Retest is in the form of one of the triangular patterns.
-->Look at the big red breakdown candles. So most people would have shorted CE's or bought PE's.
-->If the price breakout of the pattern to the upside it will just go into a major supply zone . If any rejection from there it will move the market down.
-->So don't be over excited about break out please look for levels where bulls/bears might get trapped and play accordingly otherwise we will get trapped.
-->17035 levels is last swing low in smaller time frame ,breaking this level will make bulls to exit their longs.
-->From my Side just want to give you two levels 17210-15 & 17035-40 When the price is near these two lines plan your trade.
-->If the price is above the line BUY if the price is below the line SELL
-->Don't curse me for giving all the directions its just that we should respect every possibility before market opening at least.
*SECURING THE TRADE AND PROTECTING THE CAPITAL SHOULD BE YOUR FIRST PRIORITY.
*NOT A SUGGESTION VIEWS ARE FOR EDUCATIONAL PURPOSES.
If you think video analysis will be good for better understanding & If you want me to do video analysis pls give a boost. If I can get 2000 boosts overall on my profile I will start doing video analysis. Need motivation very badly.
Nifty Expiry Day Pre Market 13/10/2022 Episode 1Good Morning Everyone,
If we observe the chart in 30 min time frame we can see a head&shoulder pattern followed by a beautiful breakdown and an excellent retest to😁.
Retest is in the form of one of the triangular patterns.
-->Look at the big red breakdown candles. So most people would have shorted CE's or bought PE's.
-->If the price breakout of the pattern to the upside it will just go into a major supply zone. If any rejection from there it will move the market down.
-->So don't be over excited about break out please look for levels where bulls/bears might get trapped and play accordingly otherwise we will get trapped.
-->17035 levels is last swing low in smaller time frame ,breaking this level will make bulls to exit their longs.
-->From my Side just want to give you two levels 17210-15 & 17035-40 When the price is near these two lines plan your trade.
-->If the price is above the line BUY if the price is below the line SELL
-->Don't curse me for giving all the directions its just that we should respect every possibility before market opening at least.
*SECURING THE TRADE AND PROTECTING THE CAPITAL SHOULD BE YOUR FIRST PRIORITY.
*NOT A SUGGESTION VIEWS ARE FOR EDUCATIONAL PURPOSES.
If you think video analysis will be good for better understanding & If you want me to do video analysis pls give a boost. If I can get 2000 boosts overall on my profile I will start doing video analysis. Need motivation very badly.
Selling opportunity in NiftyPlanned this trade in 5 min TF.
Can plan this trade with a Small SL
Managing the trade:
If the trade goes in our way
*Exit half Quantity @1:1 Risk/Reward Target and Shift to SL to cost
*Exit Half of the remaining with 1:1.5 or 1:2 Risk/Reward (by looking at momentum) and trail the SL.
*Exit remaining with trailing Stop loss.
*SECURING THE TRADE AND PROTECTING THE CAPITAL SHOULD BE YOUR FIRST PRIORITY.
*NOT A SUGGESTION VIEWS ARE FOR EDUCATIONAL PURPOSES.
If you want me to video analysis pls give a boost. If I can get 2000 boosts overall on my profile I will start doing video analysis.
Need motivation very badly
Trading Signal For BitcoinTrading Setup:
There is a Trading Signal to Sell in BTCUSDT Bitcoin
Traders can open their Buy Trades NOW
⬆️Buy now or Buy on 18818.0
⭕️SL @ 18462.55
🔵TP1 @ 19950.0
🔵TP2 @ 20952.0
🔵TP3 @ 22426.71
What are these signals based on?
Classical Technical Analysis
Price Action Candlesticks Fibonacci
RSI, Moving Average , Ichimoku , Bollinger Bands
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