DOW JONES - TRENDLINE - WAITING FOR BREAKOUT
SHORT US30USD 1ST TARGET 33660 2nd Target 33570 3rd Target 33380
Dowjones Heading For 37000/40000 Range Breakout + Channel Breakout
TSLA is looking for long opportunity to take the move to the upside.
Tesla has been trading below 200 MA for good period of time & has formed Bearish Pennant price action pattern which indicates a Bearish continuation trend signal. Using Fibonacci we also plotted that, Tesla is not able to break its 50% retracement level which infact is exactly at the price level where 200MA is standing. It’s a double & strong reversal sign. Also...
on 1D time frame you can see :- 1. strong rejection of lower price near 50EMA 2. in the previous fall it did not tested the support ( green line) 3. RSI near 30-40 range all these suggests that this fall was inevitable in 1Hr time frame you can see a channel (dark blue lines) where its trying to break but fails every time it is consolidating and...
Folks, In continuation to my Nifty update (published on 21st Feb), I'm now posting an interim update in the 15m timeframe. Things have set course into the right trajectory as I had envisaged, at a timing which couldn't have been more right!! I've labeled the Waves in the larger degree in Red. Scenario 1 - We've completed Waves A and B (Wave count marked in...
Someone told me - "Horses shouldn't be Shorted"... Yet those who had the courage to leash this animal called Nifty last March, must be owning a stud farm somewhere. Exactly a year after, I'm tempted to dare and Short the Nifty, because prices are so ridiculously high that they appear rigged and if senses prevail, the following Wave count should hold true. As...
I have been wrong in predicting the time of top but expectation was always around 31200-31500. Now index has reached to the target of current slope . Volume has been dropping in recent upmvoe whereas RSI couldn't cross the previous top and 70 levels. This is not a sign of strength where RSI is trading below 70 but still market is moving up. It can move higher...
Dow future has moved up with continuously decreasing volume. RSI in the past 3 months couldn't cross 70 and that too in bull market. It poses a serious question mark on current upmove. If this upmove is also weak then RSI could halt at 65. Weekly RSI is also showing negative divergence.
CLCT looking for a great buying opportunity, Go for it 🚀🚀🚀🚀
DowJones has strong support at 29500-600 levels which is also the Feb 2020 high. Below that it may test the puple support line which has been formed from the March 2020 lows which is appx 29000-29200. Dow can reverse from here and reverse. Breaking both can be a bad sign ahead for the markets.