Natural gas is posed to join the downward channel from highs. With a breakdowndown of H&S pattern, the NG can plunge to almost level of 220, which should act as strong support to take back the price to 500 levels.
Buy above 375 if it breaks. Sell below 375 level for one and only target 220.
Next only Buy level is 220.
Analysis may be wrong for 1 or even 2 days but using this trading style i gained very much points in nifty in past because the R:R is good like 1:4 or 1:6. My analysis was for friday was wrong but i think you forget about the trade that we took and analysed on 12/ 01 /23. but due to some rules and regulation the post was been private. Ok leave it.
Let's discuss...
The global market indicates a neutral start. The market nature is bearish. If the initial market takes pullback then we expect a 3wave structure, it may reach min 38% fib level. After that, if the market rejects around there, then we will expect a correction. On the other hand, if the initial market declines, then the correction will continue.
The global market indicates a neutral start. The market nature is bearish. If the initial market takes pullback then we expect a 3wave structure, it may reach min 38% fib level. After that, if the market rejects around there, then we will expect a correction. On the other hand, if the initial market declines, then the correction will continue.
The global market indicates a neutral start. The market nature is bearish. If the initial market takes pullback then we expect a 3wave structure, it may reach min 38% fib level. After that, if the market rejects around there, then we will expect a correction. On the other hand, if the initial market declines, then the correction will continue.
BANKNIFTY Intraday Trade Setup For 30 Jan 2023
Buy-Above 40485
Sl-40375
T-40775 41075
Sell-Below 40145
Sl-40255
T-39845 39500
BANKNIFTY has closed on bearish sentiment last day and last week. Last week was one of the largest weekly cuts in the recent months. It was being updated since last 2 weeks that if in any case index tests the support zones which were...
NIFTY Intraday Trade Setup For 30 Jan 2023
Buy-Above 17635
Sl-17585
T- 17745 17850
Sell-Below 17490
Sl-17540
T- 17395 17295 17165
NIFTY has closed on a bearish sentiment last day and last week. Last week it closed with 2.35% cut. A parabolic down move was seen last week. Weekly range which was valid for last 1 month shifted last week. After a pullback below...
A clear harmonic pattern has formed on DTF on Kotak Bank. The buy, Target and SL Levels are as mentioned below
XD - 78.6 - 88.6 level - Great level to buy.
Targets:
1st Target - Level B
2nd Target - Level A
3rd Target - Level c
SL - 1600
Leave a comment on any suggestions or feedback and happy to discuss the same.
I accidentally only posted this idea on twitter and not on TradingView.
The Wyckoff Accumulation Schematic #1 is visible on the Bitcoin dominance chart.
Also, take a look at the harmonic patterns .
Recently, since the bearish bat harmonic pattern have been completed, there may be some adjustments.
For now, I will keep an eye on whether it breaks through the...
The weekly chart of HDFC is exhibiting rejection of the bulls for the last five weeks. This can also be seen in the rising wedge which is forming on the Daily chart.
Further, this type of price action is also forming at the completion of 61.8 AB=CD harmonic pattern.
The thesis is bearish with target of point B of the harmonic pattern at 2507.
41800 needs to be taken out for confirmation, stop loss 39800. Make or break level, so risk is significantly high. Going long in small quantities and adding as the wave progresses. MACD is negative on daily and weekly (so caution is advised)
