A Harmonic chart is presented as per the current price action for Study purpose.
A reverse is happened already from the reverse point, D and it may re-test.
$67.71 is another strong support.
It can see that the today inventory outcome is not in favor to the price and it may test $67.71
Note: Information given here for study purpose only.
Clearly we can see the volume profile and the accumulation regions.
During Mar-Apr-2020, a nice accumulation happened and then a nice momentum of upmove.
1. Now again a consolidation region since Feb-2021 has broken out of 830 price resistance level.
2. Moreover in the recent price action we can see a small upchannel, whose upper-trend line has also been...
1. FOR WHOM VOLUME PROFILE AND MY METHOD IS A LITTLE NEW OR BLURRY . I WILL SOON PUT UP AN EDUCATIONAL POST WITH DETAILS AND EXAMPLES. WE CAN HAVE A SERIES OF DISCUSSIONS THERE TOO. DO FOLLOW MY ACCOUNT TO GET NOTIFIED.
2. Do ask your questions in the comments if any.
Using Volume Profile one can identify probable accumulation or...
My earlier publication using fib fans to predict the dates of major upward or downward moves still seems to be on course, it seems to me market players were trying to poke fun at retail traders yesterday with a tonne of fakeouts/bouncebacks. It makes sense to me that we are facing upward pressure as we were trying to move down too fast, in my experience slower the...
After a day full of technical glitches, I hope we resume normal trading from today. There can be several theories for the glitch & we can make many post out of it but for time being lets look at result oriented task.
When scrips, which showed volatility are ok to trade again ? This was the most frequent question I got yesterday.
Intra Guys, never worry. Nothing...