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ETH-D

PRICE ACTION ANALYSIS IN NIFTYDATE:03/10/2022 In a daily time frame price has formed a inside candle. If we observe in 1 hr. time frame its not a bearish sign until price breaks down recent low (16750 levels) So until it crosses that low its better not to carry any short positions in nifty. Observe the price action structure here 1)There is a recent lower high formation (17050 levels) 2)There is a recent Low (16750 levels) For the market to turn bullish it has to break 17050 level and form a higher high. This will be thr first sign Then find the golden zone with the help of Fibonacci tool and wait for entry (This will be safe with small SL). or One can go long by observing PA in the first 15-30 mins with confirmation of bullish candles. plan the SL accordingly *** If Price breaks 16750 better to exit all long positions. I hope this analysis will help you. If you agree with my analysis you can comment on this post by yes or give a boost Thank you. And happy trading. *SECURING THE TRADE AND PROTECTING THE CAPITAL SHOULD BE YOUR FIRST PRIORITY. *NOT A SUGGESTION VIEWS ARE FOR EDUCATIONAL PURPOSES.
NSE:NIFTYLong
by Mo-Kri
1
MONTHLY STRADDLE IN NIFTY FOR OCTOBER Hi there, Nifty Closing today 29/09/2022 : 16818 spot Since last 3 weeks if we observe Nifty movement there is lot of selling pressure. From the recent high of 18096 levels Nifty has declined almost 7.5%. In the chart if you observe I have drawn a primary wave .It looks like we are in the wave 2 of that Elliott wave. wave 2 will be mostly 3-3-3 or 5-3-5 corrective wave. In this WXY corrective wave W is 0.318 Fib retracement of wave 1.So there is higher probability that we will find some support in this area. X point is 0.618 Fib retracement of wave W Considering the recent aggressive selling those who missed the bus will short the market again or take fresh positions when the retracement wave happens. SO WHY MONTHLY STRADDLE? There will be 4 weekly candles in the October series. So even this weeks candle engulfs the latest red candle by oct 6 expiry or after that expiry market will be facing resistance at X area. If people start shorting the market fresh then high chance that market will go to Y area to complete the correction wave . In this process mostly after 3 weeks we can see the market in these levels again with most of the price decay. What if Nifty breaks W area this week without taking support there ? Then the retracement is inevitable in coming weeks and 2 or 3rd week again nifty will be in the anticipated area. Straddle breakeven should be above X and near Y 16750 STRADDLE will do the work. By calculating the percentage return one can safely exit the straddle there. Nifty monthly straddle has almost 30% ROI. Even 10% in 15 days is a better deal. Avoid If you don't know about straddle management I hope this analysis will help you. If you agree with my analysis you can comment on this post by yes or give a boost Thank you. And happy trading. *SECURING THE TRADE AND PROTECTING THE CAPITAL SHOULD BE YOUR FIRST PRIORITY. *NOT A SUGGESTION VIEWS ARE FOR EDUCATIONAL PURPOSES.
NSE:NIFTY
by Mo-Kri
1
Ethereum (ETH/USDT) Short Postition!Ethereum (ETH/USDT) seems to be forming a bearish Head & Shoulders pattern. An ABC correction in play with a lower high. At ~1700 we have our stop-loss above a strong resistance - MP/TPO POC + R1. VPVR POC marks the main pivot level and our target is at ~1450 (immediate support below). MP -> Market Profile TPO -> Time Price Opportunities POC -> Point of Control VPVR -> Volume Profile Visible Range Market Profile is best understood as a way to see order in the markets. While not a typical indicator. MP takes the data from each day’s trading session and organizes it to help us understand who is in control of the market and what is perceived as fair value. Point Of Control shows the bar where the most volume has been traded.
Short
by cryptosrocket