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Fractal

BANK NIFTY:TIME CYCLE ANALYSISCYCLE PRINCIPLES: 1. The Principle of Commonality – Markets(Index) and security price(stocks) movements have many elements in common. In particular they tend to have common high and low points that coincide with cycles. 2. The Principle of Cyclicality – Price movements correspond to a combination of waves that exhibit cyclic characteristics. 3. The Principle of Summation – Cycle waves of different degrees combine to affect price movement and do so by adding the waves together. 4. The Principle of Harmonicity – Cycle waves of different degrees are harmonized and are related by a small integer value.comaan harmoics are 2nd and 3rd or 1/2 and 1/3. 5. The Principle of Synchronicity – Cycle waves are phased and synchronized at price troughs. 6. The Principle of Proportionality – Waves in price movement have amplitude that is proportional to their wavelength. 7. The Principle of Nominality – A specific, nominal collection of harmonically related waves is common to all price movements. 8. The Principle of Variation – Variation in harmonicity, synchronicity, proportionality and nominality (previous 4 principles) is expected. FOLLOWING CYCLES ARE SHOWN HERE: Cycle with second harmonic has given mid cycle dip where as cycle with 3rd harmonic has given higher peak there by confirming presence of cycle through sine wave like price strucutre. 270 DAYS:WHITE(WORKING IN 3RD HARMONIC,meaning it is divided in 3 equal length cycle of 90 days each) 90 DAYS:PINK(WORKING IN 2ND HARMONIC,meaning it is divided in 2 equal length cycle of 45 days each) 45 DAYS:GREEN(WORKING IN 3RD HARMONIC,meaning it is divided in 2 equal length cycle of 15 days each) 15 DAYS:YELLOW(WORKING IN 2ND HARMONIC,NOT SHOWN HERE) Above mentioned things represents first 5 Principle of cycle theory,as we can see price movement having cyclic characteristics and higher degree cycle being divided in it's 2nd or 3rd harmonics,there by forming lows/troughs together.If we do summation of lower degree cycles then we get higher degree cycle which is representing principle of summation. OBSERVATIONS: #CURRENT PHASE OF CYCLE: 270 DAYS:BEARISH 90 DAYS:BEARISH 45 DAYS:BULLISH 15 DAYS:BULLISH #Briefings of 270 DAYS CYCLE: In the current 270 days cycle with 3rd harmonic,we have already seen 3/4th cycle high around 39360,there by suggesting us that 270 days cycle has completely turned bearish #Briefings of 90 DAYS CYCLE: Rise from 8th march in current 90 days cycle can be attributed 90 day cycle's 2nd harmonic cycle working in bullish phase,post mid-cycle dip @32155.Chances of this current rise to cross highest high of current 90 day cycle(39424) is very low as current 90 day cycle itself has turned negative or bearish #Briefings of 45 DAYS CYCLE: As it is working in it's 3rd harmonic meaning current 45 day cycle will have three 15 day's cycle or will be divided in three 15 days cycle.Currently 1st 15 day cycle is going on and it has reached it's halfway point meaning going ahead we can see one dip around 28-30 th march which will complete first 15 day cycle,from there we can again see prices pushing higher in order to make 45 day's mid-cycle high,this high can be higher then high registered in first 15 day cycle and around 22 april second 15 day cycle will end meaning a dip in price around 20-22 nd april,this will be followed by last 15 day cycle rise post where in we will see price unable to cross high posted in second 15 day cycle there by turning every cycle(15,45,90,270) negative. 13th May is the day when entire current 270 day cycle is ending meaning in 2nd-3rd week of may we can see bank nifty forming important low. Analysis: Scenario-1:Bearish/Road-blocks ahead for prices to move higher from current levels 1)FLD(136 days) @ 36436. 2)61.8% retracement from high to low of previous 45 day cycle @ 36647. 3)Ichimoku cloud @ 36428. 4)Falling OI in futures contract from last 6 days. 5)Higher degree cycle(270 and 90) has already turned negative indicating lower probability of making new high till 13th may. 6)We have seen prices breaching previous 90 day cycle low in current 90 day cycle again indicating selling pressure. Personal view: As bigger cycle has turned negative buying from current levels should be avoided and long positions should be protected with stop-loss as per once risk appetite.I feel post 12th April(2nd ,15 day cycle peak zone starts of current 45 day cycle)we can see decent selling pressure in Bank nifty as post 12th April all the major cycle's will turn negative. Disclaimer:Analysis/views shown here are only for educational purpose.Trading position should not be taken on its basis.
NSE:BANKNIFTYEducation
by UNDERDOG-29
25
NIFTY:TIME CYCLE INVERSIONConcept of Time Cycle: #A cycle is something that influences the price movement of a financial market to move up towards a peak, and then to move down towards a trough (or low point). #It repeats that action on a fairly regular basis or exist in continuous time. #There are multiple cycles which influence the price movement of any financial market.The multiple cycles that influence price movements combine in a very particular way. #This multiple cycle low's are synchronized as low are made on the back of "fear/panic" and psychologically human tends to experience fear in mass hence different cycle lows are concentrated where as high's of different cycles are scattered as high's are driven by "GREED" which is rather more subjective. #J.M.HURST inventor of cycle theory has given a nominal model which states comman cycle's that are found in financial markets. #Due to multiple cycle going on at the same time,we can see variation in it's wave length(Cycle period). Observation over here: Since January 2021 we are seeing Nifty following 20-days time cycle there by making important pivot low's near vertical line showing cycle period day on most of the occasions till January 2022. Since January 2022 we are seeing inversion happening in the time cycle meaning instead of catching or making important pivot low near cycle period day we are seeing market making important pivot high post which we have seen significant market fall on last 2 occasion of cycle period day. Next cycle period day is on 17/03/2022.Hence going by this logic we can expect current up move to continue till 17/03/2022 post which we can see fall. Although this time in the current up move we have seen price breaking upper channel rasistance and has also managed to close above it and also above its previous pivot closing high of 16793(16800) in today's trading session,which in itself is bullish sign suggesting next target of 17050-80 on the upside,however from here risk reward is not favorable for taking long trade. Although channel rasistance is broken,from last 2 cycle we are seeing Nifty making pivot high's post which we have seen nifty falling and continuing on this logic post 17/03/2022 we can see fall in Nifty till at least previous pivot low of 15670 in order to confirm double bottom. Trade Setup 1)Need reversal candle near cycle period,price being at gap(17050-80) or previous price action zone(17340-400). 2)Next day market should trade below reversal candle low for atleast first hour in order to initiate trade. Stop-loss should be reversal candle high for short trade and target would be 15670. Disclaimer:This are just my views on the index,no position should be squared off or initiated on its basis.Posting this for my future reference.
NSE:NIFTYEducation
by UNDERDOG-29
34
Wyckoff distribution - Bitcoin Target: 37500$It seems like the Wyckoff distribution is playing out again in Bitcoin charts. There is a confluence between the Wyckoff distribution and descending triangle pattern which gives a target of ~37500$ price within a week after which a trend reversal can be expected. The first Wyckoff distribution happened between the start of this year and ~20th July and Line1 denotes the Support for that distribution The one playing out currently started a week after the first one got over and is a smaller one as compared to the first one with Line2 as support.
BITSTAMP:BTCUSDShort
by YashLadia
Manali Petrochem Fractal Patterns TutorialFractals are a self similar patterns that recur at successive lower degrees. Once identified, they provide great trading opportunity. They can be found on any time frame, on any asset class or any instrument in any market conditions. How to trade: Once a clearly visible fractal pattern is recognized, look for the lowest degree pattern in the structure to retrace over 100% of previous swing high/low as depicted in the chart. Make an entry at such a breakout. Risk Management: Keep the stop loss at the lowest point of the lowest degree fractal. I hope the explanation was useful for the fellow traders out there. Cheers!!
NSE:MANALIPETCLong
by MilestoneCapital
1