Short
JK CEMENTShort Short and Short.
Good opportunity to short JK cement.
Forming H&S formation at this levels. Neckline is breached confirming the downtrend.
Good risk to reward ration in trade.
Spot Price - 2265
Stop Loss above Neckline n closing basis.
Target 1 - 2100
Target 2 - 2050
Target 3 - 1850
@forextidings
@vivek_mashrani @tradingview_ @investing @Shorting
SGX Nifty possibilities of long and short trades.This is an Idea of SGX Nifty probabilities on a Long note.
Fibo retracment :
Lets start with basi Fibo retracement, from point A to B , which is already at 38.2%, now we all know if this is going to be a strong bull trend there will be a possible reversal at this level or
a possible reversal will be at 50% which comes around 17238 - 16938 .. it doesnt have to be 50% it may even take a reversal at 61.8% as well.
Pitchfork :
A valid Pitchfork has been broken and trigger line has been rejected (Normal terms we call it trendline)
2 possibilities here: One, this could be a retest of the broken pitfork line which is absolutely at fibo 50% which can only be known once it reaches that area of horizontal support
Two, this could be a downtrend after getting rejected by the trendline at point B.
H&S Pattern :
There is an Head and shoulder pattern in formation which could take support at Fibo 50% and revert back to the trendline, if this happens and a breakout of trendline is seen, target is mentioned on chart.
lets say H&S is not formed, trendline or pitchfork parallol line still acts as a strong resistance, or breaks pitchfork and rejects at trendline, that is going to be a 3rd time rejection of this trendline,
we might see a stong move downside once again. which i called alternate possibility.
RUNE/USDT time to short?RUNE/USDT has formed bearish flag pattern + It also broke support of (≈)3.274.
BTC also looks bearish now, so it might be time to short RUNE/USDT after it successfully breaks support with conformations(Bearish candlestick patterns).
BTC has broken its support and formed bearish engulfing candlestick pattern in daily chart(still the candle hasn't closed, so wait for it to close in 9 hours and 19 minutes), so it might break its support of (approx)29700.
RUNE/USDT short entry-------->
Entry price - current price (around 3.180) or upon retest (if it retests) (around 3 or 3.2)
Stop loss - 3.4
Target price - 1.521, 1.300, 1.000
price might consolidate(or retest or take pullback) before crashing
(Don't open any position on wick)
(Don't take trades based on this idea, even I don't trade according to my idea)
(Do your own analysis)
(NOT A financial advice)
(High chances of loss if you follow my idea)