Will Crude “Break Down” Or “Rise”?
The current crude chart raises a lot of questions..... Will wticous(crude) break the recent low, or will it show recovery for an upward movement? Is the support level of 83 valid? Are the fibo levels in the 1hour chart working in the favor of a bullish move? If at all the price breaks the 83 mark or support, where would it...
Dollar index is consolidating in the big time frame We are still for the news to get the breakout or the breakdown the further movement in different currency pairs , commodities , equity will be directly depend on it and break on either side will give a start to new bearish cycle or the bullish cycle for dollar index.
As per my view we will be going higher...
📉 Gold - Bearish - We look to Sell at 1613.90
▪ The medium-term bias remains bearish.
▪ Broken out of the triangle formation to the downside.
▪ A mild correction has been posted from yesterday's low, this is seen as a retest of the breakout level.
▪ Support at the levels of 1615 weekly low can be broken.
▪ We prefer to fade into the rally with a tight stop in...
Good Morning Everyone,
Key levels on Bank Nifty
-->Major Supply zone- 41700 - 42000
-->Fib Resistance zone: 41250
-->On Higher Time frames Major Support 39850 level
-->If we observe the volumes on recent swing high i.e., 40700 We can consider this as a decent breakout indicating Bullish behavior
-->Until we get a Closing below 39850 level market will...
Gold braces for the second weekly loss but the bears appear hesitant around the yearly low. On the top of that, a bullish triangle formation and nearly oversold RSI suggest that the metal may witness a bounce. Hence, a convergence of the monthly horizontal resistance and the three-week-old descending trend line, forming part of the bullish triangle, around $1,643,...
📉 Gold - Bearish - We look to Sell at 1638.90
▪ The medium-term bias remains bearish.
▪ Broken out of the triangle formation to the downside.
▪ A mild correction has been posted from yesterday's low, this is seen as a retest of the breakout level.
▪ Resistance could prove difficult to break down.
▪ We, therefore, prefer to fade into the rally with a tight stop...
large profit of the day which is still in runing .
NOTE: watch live streaming on "YTB" and get live entry.
profit always in the risk take the risk or lose the chance
Good Evening everyone,
JSW STEEL on a Daily time frame formed a triple top pattern. The last one is all time high.
-->After creating all time high came down directly and broke the last low before ATH (Horizontal Arrow)
-->Observe the price action after that , Price hardly managed to go to 0.618 Fib level (shown on chart)
->Got rejected from that level and...
📉 Sell Gold - Bearish - We look to Sell at 1646.51
▪ The medium-term bias remains bearish.
▪ There is scope for mild buying at the open but gains should be limited.
▪ Prices are expected to stall near trend line resistance.
▪ We look to sell rallies.
Confidence: ⭐⭐⭐⭐⭐
⛔ Stop: 1655.37
🎯 Target 1: 1627.32
🎯 Target 2: 1610
Happy Trading!
as market showing bearish structure and we can see one trianlge pattern is recently broken, we plan for sell on retracement and 2nd level entry is from demand zone
Gold traded in a tight range yesterday. The overall daily movement was pretty much like the day before - pulling back before the day's end.; the price climbed to the day-high 1660 in the early session and retraced back to the opening price of 1650 before the day's end.
The S-T trend is still controlled by the S-T downtrend resistance (1.1) that was mentioned...
Gold had pullback before the day's end yesterday. The market opened at 1642 back from the weekend. The price has kept moving higher in the Asian and European sessions. It hit the day-high 1668 at the US session opening, then the price retraced. The day ended at 1650, up by USD8 after all.
The downtrend on the 1-hour chart slowed down yesterday after the...
Personally, I see scenario 1 as more likely due to the downtrend
With the decrease of the price slope and the decrease in the speed of the fall, we can imagine the horizontal movement of the price in these areas.
