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Nifty in the hourly time frame has activated a Bearish Harmonic Alt Shark with the sharp drop since opening bell today.
Now its gone onto make a Bullish Harmonic Reciprocal ABCD, however, since the drop was very sharp and its yet to do 38% of its minimum expected retracement, a confirmation for this bullish reversal will be once...
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Stock has entered into the potential reversal zone of a Bullish Harmonic Gartley.
As long as it does not break below 98 it has the medium term potential to retest 160-250 and then maybe more.
Since this is a monthly time frame pattern, its more of an investment idea than a short term trading one.
Happy Investing
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HANG SENG is entering the PRZ of two bullish Harmonic Trading Patterns in the monthly time frame, Cypher and Butterfly.
The index has been in a downtrend since 2017, the potential reversal zone is between 14450-13950 would also coincide with a probable parallel channel starting from 2008.
In India the Nippon India ETF Hang Seng...
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The index saw a super duper reversal from a Bullish Harmonic Bat in end October near 4100.
Now it has an immediate resistance coming up near 4600 where we might see some consolidation, above that it enters into the PRZ of a Bearish Harmonic Alt Shark near 4650 which could trigger some profit booking.
From 1 harmonic pattern...
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The index has formed a Bearish Harmonic Deep Crab in the weekly time frame. It is currently in the PRZ zone of 9050-9400.
As of now its not showing any sign of weakness. If it starts sustaining below 9050 the bearish structure would get activated for 8600/8250. There is resistance between 9200-9250. One should wait for...
SIEMENS is on the verge of breaking above two crucial patterns on an hourly charts with good volumes:
1) triangle pattern
2) bullish butterfly
Could be bought above 3760 with mentioned stoploss & target.
Dear Reader,
Index has spend a good time in consolidation phase 18000-18500 area.
Now its time to move trendy for next 450-500 points.
We have strong Resistance in 18600-650 area.
Global data shows a gap up opening in this area.
First half, we may see profit booking till closing price.
After 11 a.m. we can accumulate in Buying positions around 18525/575...
Please refer Chart which shows wider Range from 43500 to 44500 level.
Break of it can give us Trending movement positional.
Intraday is trickiest part which needs money management & right Entry.
Major Intraday Resistance is 44100 level, above it we can trade short covering moves till 44450 level, if Index opens flat with +/- 50 points.
Acc. to XABCD pattern, we...
Bullish Bat Harmonic completed on daily TF.
Potential Targets marked based on Fib retracement.
Security is still in the bearish zone, trading below 20 EMA.
Potential Bullish butterfly yet to complete.
PRZ marked with the completion of the above-mentioned pattern. Also, potential targets on the CD retracement are marked with fib retracement plot.
Security is in a bearish trend as 20 EMA is trailing below 50 & 100 EMA on daily TF.
Potential Bullish butterfly yet to complete.
PRZ marked with the completion of the above-mentioned pattern.
Also, potential targets on the CD retracement are marked with fib retracement plot.
Potential Bullish AB=CD harmonic pattern.
Resistance marked basis on current swings fib retracement. Supports marked on the basis of Fib extensions.
If 1538 is broken, next support will be 1493.
Sharp rejection from a retracement of 0.382 of the previous swing.
It tested the trendline multiple times.
Currently in the demand zone, if that is broken, we can see more downside—targets in the chart.
