This is just a brief idea of what could happen in the week. If any positive news from the FED, the markets could take a nice bullish reversal.
Don't carry any short positions just yet. Because shorting from here has very less risk-reward ratio. The harmonics work better when the RSI also concurs. The bullish ABCD pattern when the RSI indicating...
The price action formation on the SPX seems to be indicating that the market in the US could be taking a pause for now. Price had pulled back from all time highs recently, but now is seeing rejection from the 20EMA. If this trend continues we could see price correcting to the longer term trendline and then the 200EMA on the daily chart. A short position can be...
As seen in Chart DJI has given huge Gap Down in today’s session and it can head towards its weekly support of 33153.
If Today’s Gap Down is not filled then we may break 33153 level and head towards 31496 or 30996.
If these bearish views are successful then be careful in your long positions since it has been observed that US markets impact other markets globally...
Yes It's Gramophone Pattern.
50% to 60 % Dump is coming.
Be prepare for it.
But this is the last crash. Huge crash which will drag down Gold,Silver, Bitcoin and also Global Market with it.
But eventually Gold BItcoin and SIlver will recover faster and start mooning.
its 2008 Again.
Fundamental Reason For Crash
1. Lockdown and New Strain of Covid-19
2. Gold All...
Om Namah Shivay
Dow is on side ways from 8-1-21. (14 days over and a new week starts from 25th )
One interesting possibility comes out as Head and shoulder and the possible 5 wave down.
This is just for educational purpose only. There are no trading suggestions in this.
Om Namah Shivay
( 'Om' = I ( the soul) )