Good 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...
crude oil will be cheap this festival season
any break below 6990 levels on daily closing basis we can see a break down to 6700 / 6500 levels in the short term
bearish trend is on the charts and marked for understanding and learning
gold got rejected from crucial zone of resistance at 51200 levels
now bearish trend on the charts for the levels of 49300 and 48,800 levels
now lets wait an d watch and buy cheap gold on this Diwali
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...
Good 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...
for thpose who bare interested to buy gold needs to wait for channel breakout
incase of breakout we can expect big bulish move untill breakout we in bearish trend
Setup Contains:
1. Stop Hunt (Sell Side Liquidity)
2. Multiple Structural Break
3. Bullish Institutional Order Flow Set
4. Returned To OrderBlock
FOLLOW PAFX & TRADE LIKE BANKS 💸
Crude Short ( 13 Oct)
RSI-40
Sell at CMP- 7178
SL- 7255
Target- 7070, 7005
Join us, Learn more, Earn more
Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
A two-month-old previous resistance line defends gold buyers as they seek clarity ahead of the US Consumer Price Index (CPI) data. Also keeping the metal bulls hopeful is the 50-SMA’s piercing of the 200-SMA from below, known as the bull cross or golden cross. It’s worth noting, however, that the recovery remains elusive unless the bullion stays successfully...
Good 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...
Good 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...
Crude Long ( 12 Oct)
RSI-46
Buy at CMP- 7315
SL- 7243
Target- 7375, 7412
Join us, Learn more, Earn more
Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
Planned 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...
