DOW JONES: A leading diagonalIndex is unfolding as a leading diagonal of which 4th wave is already concluded and right now we are into the last stages to complete the 5th wave of this leading diagonal which will bring the index below the level of 30635 in the near term. Traders should remain short for the minimum target region of 30600-30000 in the coming weeks with stop loss of 32600.
Downtrend
NIFTY more downside below 16568- Intraday LevelsIf NIFTY 50 crosses below 16568 on Monday then a spectacular fall would be seen after a sweet pullback to one of the 10,20 or 50 EMA trending downwards.
The supertrend is also showing bearish signals.
As visible on the charts, the 10 EMA has crossed the 20 EMA, looking at the direction, a fall is expected as the trendline is also broken on the downside.
S&P 500 | Bearish Head & Shoulder PatternOn 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
IS DOW GETTING READY FOR 2300 POINTS FALL?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.
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Nifty 50 Index may Bounce back from Support ZoneAs of today, Nifty 50 is at near to support zone and showing positive divergence on the RSI.
If it sustains on this support zone then we can see a long position, otherwise if it breaches then further downside can be observed.
PS - This is for educational purpose only and take trade at your own risk.
Nifty sell below 17600nifty on weekly chart showing falling trend line from highs
beautifully a inverted hammer with red candle formation, with exactly respecting trend line
nifty making lower highs and lower lows sign of down trend (HL and LL)
after breakdown of level 17600 big fall in intraday can be expect here
potentially down side targets will be 16790 then 15880
Asianpaint can go Down in Wave 5.Above is the view of #ASIANPAINT which can go downward from 3100-3120 range, of smaller blue Fibo 0.786 as one can see in above chart,
Also which can be the area to short the price & start of the 3rd mini wave of minute wave 5 .
Please take in consideration, If the high i.e. 3163 is broke then the counting is Invalid.
Note - View's provided are for Educational purposes only, please do your own Research.
TCS shortTrade details:
Monthly tf: Market reach the all time fib extension levels (1.618). possible to came for correction.
Weekly tf: sideways going on
day tf: market reach the day support but, still it not change the trend to up trend, still we have a possibilities to sell
Hr tf : day tf correction completed (0.328) and hr tf trend was changed.
MGL shortTrade stratergy
* Overall market was trading near the monthly support zone. and also market broken the demand zone in weekly time frame.
* In day tf, market reach all fib extension levels, possible to retracement happen or continue the trend. but, market start the retracement and also continue the down trend.
* How i identify the retracement completed?
In Hr tf, market turns the trend to down trend.
EUR/USD Analsysis [WAIT]As evident from the chart, the pair is in a strong downtrend.
Suppose the price reverses from the 1.105 level and hits the 1.1135 level. There is a strong chance that it will continue the downtrend; wait for it to again fall to 1.105 level, then it can be sold, using 1.1135 as STOP LOSS.
Nifty - Higher Low pattern 100 % hi guys ,
we see Nifty 1day chart its cleraly shows it makes Higher low , higher low pattern so we see it takes suport on 16800 , will be see big consolidation mode and .
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