Harmonic Patterns
GOLDIt has been trading within a triangle ever since it activated a Bearish Alt Bat. Above $1735 the triangle breakout suggest $1785 which is the 2nd target of a Bullish Dragon. As per Ichimoku study, the momentum for upside has a decent probability to start tomorrow. It should be noted that triangle breakouts tend to be the last of a trend, this could turn out to be an unwinding one.
HINDUSTAN UNILEVERGSK will be doing a stake sale tomorrow in HINDUSTAN UNILEVER the price could be between 1950-1850. As per Harmonic Trading Pattern study 1825-1850 has a bullish Crab. It also would be a retest of the rising trend line from where it had made a Bullish Cypher earlier this year. The reversal from high's was picked via a bearish Ichimoku set up which had completed its downside target. (link mentioned below) Now the possibility of a bounce back and/or continuation of uptrend within the rising channel.
BEARISH BAT IN NIFTYWATCH MY IDEA PUBLISHED ON APRIL 7 'BEAR MARKET RALLY MAY EXTENT'ON APRIL 7.(PLEASE SEE ATTACHED CHART)
NIFTY EXACTLY TOUCHES THE POINT 'D' ON THAT CHART.
AS SGX NIFTY SUGGESTS ON MONDAY THERE WILL BE GAP DOWN.
PROBABLE LEVELS MENTIONED IN THE CHART.
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STOP LOSS SHOULD BE ABOVE A
hey i m new here .... suggest me if i mwrong...at 180 level there is resistance according to fibonacci so if it breaks there will be an upside movement.....
and according bearish flag , wait till breakout ..... after breakout, it will show a good downward movement .... most probably it will be a bearish movement.............only for education purpose