On continuation of LV trade.
I will start with call spreads. Will short futures post Reliance results.
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it...
Here I am looking at Bitcoin (BTCUSD) on the 4H timeframe... We can see EMA300 (grey line) tested for the first time since October 2020... We can say that this is enough and we now move up.
We also have a bullish candle/reversal signal and high volume.
This is the 4H chart:
When looking at the daily timeframe, this level...
. There is a possibility of temporary retracement to suggested support line (30500.0). if so, traders can set orders based on Price Action and expect to reach short-term targets.
. Bitcoin/TetherUS BTCUSDT is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a...
There are a few reasons why I think one can go long
1. Price is in the demand zone
2. Took 0.5 Fibo support and closed above it
3. Took 200 EMA support
4. RSI Bullish Divergence
5. Ascending triangle formation
6. Increase in Volumes (relative to last five trading sessions)
1. Posted Q3 results with Covid provisions and a huge jump in...
#BajajFinance has formed a #TrendReversal candle pattern as per VSA. Where the current bar almost engulphs the body of previous breakout bar. Volumes were decent. This could be because of the intense selling in the markets today. Time to watch out for follow up price action. View definitely not bullish. Anyone holding longs in portfolio should exercise caution here.