USD INRHello & welcome to this analysis
USDINR topped out on 10th Feb @ 88 to see a sharp reversal all the way till 4th April when it formed a bullish Harmonic Deep Crab pattern @ 85 that too lead to a more sharper bounce back till 9th April when it formed a bearish Harmonic Reciprocal ABCD pattern near the top end of the slanting channel.
From there we have witnessed yet another steep downward move which is currently resting at the lower end of the slanting channel. Failure to hold 84.45 - 84.35 could lead to a further downward move till 83.70 where it would attempt to form a bullish Harmonic ABCD pattern that could coincide with DXY bullish harmonic pattern near 95.
So if you have exposure to currency for any reasons whatsoever - overseas trips, college fees, business, commodities trading, etc - this might be of help to you.
Disclaimer - Not a trading advise, kindly do your study carefully before taking a decision
Deep Crab
GOLDHello & welcome to this analysis
A bearish Harmonic Deep Crab formation took place in the 60m time frame, after an initial dip which formed bullish hidden RSI divergence in 60m time frame the pullback has now formed a bearish Harmonic Gartley in 15m time frame.
Sustaining below 88000 opens for 87500 and 86500.
Good risk reward set up for a bearish trade.
All the best
NIFTY MIDCAP SELECTHello and welcome to this analysis
The index has formed a Bearish Harmonic Deep Crab in the weekly time frame. It is currently in the PRZ zone of 9050-9400.
As of now its not showing any sign of weakness. If it starts sustaining below 9050 the bearish structure would get activated for 8600/8250. There is resistance between 9200-9250. One should wait for confirmation of weakness then look to exit longs and/or fresh shorts.
Fresh aggressive trading inside the PRZ should be avoided either side.
All the best
Mahindra & Mahindra Finance - ALT Shark with Wolfe Wave
M_mFin has alt shark along with wolfewave and rsi negative divergence on daily timeframe . Also a deep crab and Wolfewave at lower timeframe, Expecting a upside move till shark PRZ after hitting small TF ww target . IF sl taken then we can expect Gartley and can long till 272.
Forecast of gartley if broken B
Reliance harmonic and elliot wave studyReliance spot cmp 2710
Harmonic + Elliot wave study
Time frame :- Daily
Bearish deep crab pattern formation with PRZ in range 2710-2740,,
Alternate 1.618 AB= CD pattern matures around same levels..
From last 5 sessions counter is making high around 2720 levels and not able to close on higher end,
Today counter gave good breakout above the consolidation of last 4 sessions but at last was not able to sustain and got sold off and again closed below 2720 levels, indicates fresh buying is missing around this levels.
Counting from right to left 2 candle is long legged doji where there was indecision between bulls and bears to take the control,,
Today bull took the charge but were unable to handle and landed with long tail on higher side of daily candle..
Elliot wave formation,, at the moment impulse wave 5 of major wave (3) is on verge to mature ,, if major wave (4) unfold form current levels, we may see retracement of 23.6 to 38.2% of recent swing move which may lead prices towards 2560-2480 levels.
Rsi divergence observed between peak of minor wave 3 and peak of wave 5,, where prices are making higher high but RSI fails to make higher high.
Reversal confirmation can be seen one last 5 sessions low is broken and sustained..
Nifty auto spot good long candidateNifty auto spot cmp 10000.
Study :- Time Cycle, Wolf wave, Harmonic , Chart Pattern.
Time Frame :- Daily.
Time Cycle :- Bottom to bottom cycle of 74 TD indicate index is making bottom at interval of 74 TD and at the moment index is at 74 TD so if this cycle is matured and the next cycle unfolds we may see a change in trend from now onwards as per this cyclic nature,,, as per peak to peak cycle index might see upmove till first week of october..
Wolf wave :- At the moment index is trading in 5th wave of wolf wave formtation,, if wave 5 mature around this levels and reversal is seen in index from current levels,, than new bull run can be seen in this index and may give out performance now onwards,,,
Hidden bullish divergence in RSI indicator gives support for reversal in trend,,
Harmonic study :- Deep crab formation is observed as per retracement of last 2 swing ,, this can be pre assumption for the harmonic pattern ,, but if index manage to reverse from this levels , than would lead to formation of deep crab which have maturity point at much higher levels..
Chart Pattern :- Symmetrical triangle pattern,, index is trading around demand zone of triangle formation,, with divergence in indicators,, if managed to sustain above the demand line can give good reversal from current levels,, main trend can only be predicted once index gives breakout on either side of the triangel formation..
Good bullish formation observed in this index,, can start a fresh bull run....
SRTRANS good long candidateSrtrans finance multiple harmonic pattern formation with maturity at same level,, counter managed to sustain prz levels of 2 time with positive divergence in indicators,,
good upmove ahead,, atleast 5-7% upmove can be seen in coming days
Good long candidate,,
Nifty - Deep Crab Harmonic Pattern 14875-14900(Buy & Sell)Last @ 14800 - 7th May2021
Buy with Stop loss below 14770 for Target 14850 / 14875
Sell Later Once Index Halts in 14875-14900 zone (PRZ-Potential Reversal Zone) for Deep Crab Harmonic Pattern ( Srtictly --------No sell if Index extends above 14900)
NIFTYIt might be forming a THREE VALLEYS & A RIVER in hourly time frame. It has two bearish Harmonic Trading Patterns at 11875 (Deep Crab) and at 11975 (Alt Shark). "If" a REVERSAL were to occur from that zone then the downside expected levels could be 11750 / 11550 / 11400. The negation point would be at 12020