Important pattern with resistance and support . Should decide way forward for #nifty too
Just when we thought the momentum died off, Snap Chat's result triggers another round of down move. The bears are back on the saddle riding the NASDAQ down down down! I wouldn't be surprised if it touched around 9k in a few weeks.
Russell 2000 We can see this has already corrected to 0.5 Fibonacci Levels, and also we can see 2 previous Highs made in 2018 and 2020, As shared in the analysis of S&P 500 previously that we could notice further breakdown but after some pullback makes more sense looking at Russell 2000's chart.
On the Weekly chart in S&P 500 , I can notice Bearish Head and Shoulder Pattern , but coming week after this drastic fall maybe we can see some pullback to the neckline and then further collapse on the downside at least till the level I have marked that is 3491.25 SP:SPX
We have seen confirmation of the Head & Shoulders pattern in Dow and it couldn't go above the right shoulder. We may see Dow coming near to 31000 in coming sessions. To motivate me, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team
As per the harmonic pattern we can say that dow will touch 31768
There is a higher probability of reversal on cards!!!
TSLA after having 42% correction from the upside & has best time to go for long, expecting TG to reach at 1200$
The DXY chart shows the value of the Dollar against all assets, it is said that if the value of the dollar goes up the value of assets goes down and vice versa. If this plays out we can expect some red days around all assets. I hope it doesn't play out, else 2022 will be a bear market.
if this move get continued then NIFTY can touch 14800-15000 . like my post if you agreed
INDEX UPDATE NIFTY -like last weekly update had explained a break below 16820 will lead to 16400-16200 -today we are opening at the lower end of the range target we had from 17430-16820 -but most traders have not been able to capture the down move in market -last weekly candle on nifty is brutal -nifty will open in strong support zone of 16200-16150 -banknifty...
Whole world is wondering what happen to markets... and this beast is shouting from roof top... that hell is about to get loose with huge volatility.
Is DOW getting ready for big fall on FED commentary?
Dow Jones... factoring in fed rate hike only in range..... This range seems to be for few more trading sessions.... Have marked the range... Happy Trading... LIke ....Share.... Follow....
Super Sell off Nearing Support.... 33980-33950 last hope for bulls on closing basis....
Everything informed in the video. Any queries drop it below. Stay safe and trade safe. Note: The above is strictly my view and not a trade recommendation. Consult your financial advisor before making any trade.
US30 is at a confluence of weekly support, the earlier resistance trendline being retested and now acting as a good support, also there is a horizontal supply zone.
if Dow Jones breaks the current Swing low - 32800 then Expected fall will be 5% to 6%