A double top in the US2000After going back to the 2021 highs Russell 2000 is selling off. The entire pattern appears like a expanding triangle. We can go back to test the lower line of the expanding pattern if this is a massive topping process
Wave Analysis
Nifty Zero Hero 19 Dec 2024Expecting a sharp fall in NSE:NIFTY After 3 PM IST Because Nifty has Already Falled 289+ point from the Morning and now every retail trader like us will think about buying from the market will reverse and a huge selling will occur
NIFTY SPOTshowing you all the MIRROR VIEW REPLICATION of what was already done @ Past on the Left side..... the Bottom and what the MArket is trying to replicate the same on the current right hand side
Professional Out Look I have made efforts in Explaining my views , and also try to explain the reason for my current view
One can learn few thing how the market behave , some times Truncation can occur in Corrective pattern , which is common but many fail to understand it because the Books published do not give in deep understanding of reason for Truncation
if you have any Doubts or Questions please feel free to ask
Thanks
19th december heromoto for intrahero moto has gone through substantial correction
as per oi data 4400 is crucial support, stock is showing signs of short covering
for intraday buy in zone 4420-4430
with stoploss of 4390
tgt will be 4470-4500-4517
Insecticides India - Bullish OpportunityWe have a bullish opportunity for Insecticides India - positional long:
- Trend seems to be upwards on Monthly and Weekly TFs
- On 1 Day TF, we have price reacting upwards from nearest 1-D Demand Zone
- As per Elliott Wave model, price is forming bullish impulse wave upwards as shown in the chart. Currently, it seems to be just starting to initiate a 5th wave upwards on 1-D TF
- We will wait for proper impulse formation until price crosses 855ish and then time an entry on hourly or 75 Mins TF chart. As of now, this is on my radar/watchlist.
R-Power Bullish opportunitySince, there is a good flow of news on this stock, let's analyze it from technical standpoint for positional long bet.
In the chart (Weekly):
- We seem to be in primary impulse 3rd wave of which we have created sub impulse waves 1-2-3-4 (colored in yellow)
- The yellow colored 3rd may have either terminated at 50 and is coming towards 34 for completing yellow colored 4th wave OR the price may go up from here itself and touch yellow 3rd wave of target of 60ish and then some consolidation may happen
- Also, note we have a good strong weekly demand zone at 32-34ish and price if enters here again, can be a good long bet with excellent risk reward
Nifty Correction for today, tomorrow?This is quick analysis only for today and tomorrow (10th and 11th Dec). We are using 15 Mins Time Frame.
- Seems on lower Time Frames of 15/5 Mins, we have Nifty going through Distribution zone and in complex corrections as per Elliott Wave model
- As marked here, we "may" be in middle of small sub c-wave formation on 15 Mins TF. If spot price ditches PDL (Previous Day Low) and also then sub a-wave downside, then we are in good confirmation that market is going downside to complete sub c-wave today/tomorrow. It has to surpass 24550-24500 though
- If it goes down, we may have a small demand zone at 24400-24350 (marked in chart as green zone) where price may either consolidate and go upwards or distribute and try to go downside. In short, this will be our checkpoint of next steps after the downside view execution
#Banknifty directions and levels for December 19th.Good morning, friends! 🌞
Here are the market directions and levels for December 19th.
Market Overview:
After the Fed rate cut, the Dow Jones fell drastically and ended with a negative change of 2.5%. This also affected the Nifty. Therefore, today the market may open with a significant gap-down, indicating that the Nifty is expected to start 330 points lower.
The global sentiment suggests there is a bearish bias. If you look at the charts from a broader perspective, the Nifty is showing a negative trend, while the Bank Nifty appears to be range-bound. Thus, both indices are displaying slightly different biases. However, my expectation is that, even though the Bank Nifty has a range-bound structure, it could reach a minimum correction of 78% in the minor swing. More or less, the current trend indicates a negative outlook. If the gap-down sustains today, we can expect a continuation of the correction with some consolidation. A reversal could be considered if there is a breakout at the EMA 20 or the 38% Fibonacci level in the minor swing. Until these factors occur, the trend could remain bearish.
Additionally, I checked the volume profile and EMA 200 for long-term trend projections. Both the Nifty and Bank Nifty have yet to break the EMA 200, which means the higher degree trend is still bullish until it breaks that level. However, the volume profile is showing initial indications of a reversal in the Nifty, while the Bank Nifty has not yet shown this because the 51,500 level (in futures contracts) is providing good support based on the volume profile.
Conclusion: There is no clear direction yet from the combination of the Nifty and Bank Nifty charts. Therefore, we should approach this correction as a minor trend only.
#Nifty directions and levels for December 19th.Good morning, friends! 🌞
Here are the market directions and levels for December 19th.
Market Overview:
After the Fed rate cut, the Dow Jones fell drastically and ended with a negative change of 2.5%. This also affected the Nifty. Therefore, today the market may open with a significant gap-down, indicating that the Nifty is expected to start 330 points lower.
The global sentiment suggests there is a bearish bias. If you look at the charts from a broader perspective, the Nifty is showing a negative trend, while the Bank Nifty appears to be range-bound. Thus, both indices are displaying slightly different biases. However, my expectation is that, even though the Bank Nifty has a range-bound structure, it could reach a minimum correction of 78% in the minor swing. More or less, the current trend indicates a negative outlook. If the gap-down sustains today, we can expect a continuation of the correction with some consolidation. A reversal could be considered if there is a breakout at the EMA 20 or the 38% Fibonacci level in the minor swing. Until these factors occur, the trend could remain bearish.
Additionally, I checked the volume profile and EMA 200 for long-term trend projections. Both the Nifty and Bank Nifty have yet to break the EMA 200, which means the higher degree trend is still bullish until it breaks that level. However, the volume profile is showing initial indications of a reversal in the Nifty, while the Bank Nifty has not yet shown this because the 51,500 level (in futures contracts) is providing good support based on the volume profile.
Conclusion: There is no clear direction yet from the combination of the Nifty and Bank Nifty charts. Therefore, we should approach this correction as a minor trend only.
Good buying opportunity in HDFCAMCWave 4 is almost finished in HDFCAMC.
We can see that a Flat Correction is getting over here.
Wave C of this Flat Correction is near 127%, where a 50% retracement level of the previous impulse is also present.
This creates a good buying cluster. The stop loss for this trade will be 61.8% (marked in red). As wave 4 will never reach this level, we can assume that this is a pretty valid level at which to put our stop.
This analysis is based on Elliott wave theory and Fibonacci.
This analysis is for educational purposes only.
Please always do your own research before you take any trade.
When to buy BHARTIAIRTELIn BHARTI AIRTEL, a Diagonal (Terminal impulse) is finished and the price is falling.
After any Diagonal the next fall is always 61.8% or 81.2%.
So, if anyone is interested in buying this stock, they may start buying near these two levels: 1577.45 and 1544.05.
This analysis is based on Elliott wave theory and Fibonacci.
This is not any buying recommendation. Please always do your own research before you take any trade.
This analysis is for educational purposes only.
USDCAD ORDERFLOW - M15bigger picture, up trend from 1.2005 (2021) is in progress. Next target is 61.8% projection of 1.2401 to 1.3976 from 1.3418 at 1.4391. Medium term outlook will remain bullish as long as 55 W EMA (now at 1.3706) holds, even in case of deep pullback.
EURUSD Next possible move SAXO:EURUSD
Here’s a detailed description for today’s bearish outlook in EUR/USD:
---
### **Title**
*"EUR/USD Intraday Analysis: Sell Momentum Develops | Dollar Strength Resumes"*
#### **Market Context**
*"EUR/USD shifts lower as the U.S. dollar regains strength amid cautious market sentiment. Concerns over Eurozone growth and upcoming U.S. data weigh on the pair."*
#### **Technical Analysis**
*"Today's sell momentum is supported by bearish signals:
- **Trend Structure**: Lower highs and lower lows suggest a developing downtrend.
- **EMA Dynamics**: Price has dropped below the 20 EMA and is approaching the 50 EMA, indicating weakening bullish momentum.
- **RSI**: Declining below 50, showing increased selling pressure.
- **MACD**: Negative histogram bars are widening, confirming bearish sentiment.
Key Levels:
- **Support**: 1.0540 (intraday), 1.0510 (critical zone).
- **Resistance**: 1.0580 (initial barrier), 1.0600 (key resistance). A move above 1.0600 could invalidate the sell bias."*
#### **News Context**
*"Upcoming: U.S. ISM Services PMI and Eurozone Retail Sales could drive intraday moves.
Previous: Strong U.S. data and hawkish Fed comments boosted the dollar, pressuring EUR/USD lower."*
#### **Call to Action**
*"Will EUR/USD extend its bearish move, or will bulls regain control? Share your analysis and strategies below!"*
---
Let me know if you'd like to refine this description further!
EURUSD Next possible move SAXO:EURUSD
Here’s a detailed description for today’s bearish outlook in EUR/USD:
---
### **Title**
*"EUR/USD Intraday Analysis: Sell Momentum Develops | Dollar Strength Resumes"*
#### **Market Context**
*"EUR/USD shifts lower as the U.S. dollar regains strength amid cautious market sentiment. Concerns over Eurozone growth and upcoming U.S. data weigh on the pair."*
#### **Technical Analysis**
*"Today's sell momentum is supported by bearish signals:
- **Trend Structure**: Lower highs and lower lows suggest a developing downtrend.
- **EMA Dynamics**: Price has dropped below the 20 EMA and is approaching the 50 EMA, indicating weakening bullish momentum.
- **RSI**: Declining below 50, showing increased selling pressure.
- **MACD**: Negative histogram bars are widening, confirming bearish sentiment.
Key Levels:
- **Support**: 1.0540 (intraday), 1.0510 (critical zone).
- **Resistance**: 1.0580 (initial barrier), 1.0600 (key resistance). A move above 1.0600 could invalidate the sell bias."*
#### **News Context**
*"Upcoming: U.S. ISM Services PMI and Eurozone Retail Sales could drive intraday moves.
Previous: Strong U.S. data and hawkish Fed comments boosted the dollar, pressuring EUR/USD lower."*
#### **Call to Action**
*"Will EUR/USD extend its bearish move, or will bulls regain control? Share your analysis and strategies below!"*
---
Let me know if you'd like to refine this description further!
Nifty Spot3 possible SCENARIOS which MAY play out and are self explainatory in almost every way, except that I have taken the Liberty to show the LARGER PICTURE and not MAP out the minor moves. These are ALL BASED on HOURLY TF only and must not be compared with any other tf.
2 Amazing swing trading idea for 19 December MarketsI daily make educational content videos for swing / positional trading
Analyzed Gravita and Technoe stocks based on counter-trendline breakout price action, mother candles, and pattern trading. Despite solid setups, I discussed risk management and why I chose not to enter. Perfect examples of amazing price action opportunities!
TAOUSDT Daily entry your opportunityTAOUSDT Daily entry your opportunity, follow your rule. management your position, time is answer.
FETUSDT Daily entry your opportunityFETUSDT Daily entry your opportunity, follow your rule. management your position, time is answer.
Nifty SpotIsn't it amazing how the markets make their moves and how 99.99% don't know what the hell is happening???? Never mind that.... you'll get the hang of it when you figure it all out by yourself. I have given you all the 78.6% retracement and the 100% retracement . These both will act as STRONG SUPPORTS going forward. Watch especially the 78.6% retracement. In my opinion... This will hold and we will get a 1000 points upmove .This is where I think ( I stand to be corrected) 99.99% SUCKERS will get sucked IN. They will take this upmove so close to the previous ATH.... that Most will buy at the highs and then wait in anticipation.
EUR/USD 3H TF Analysis: Path to Potential Upside ? After encountering resistance at a higher time frame, the price experienced a downward movement.
Following the initial downward movement, the price began to consolidate within a zone, forming a triangle pattern that aims to create liquidity both above and below this range.
This setup may suggest a potential upward move in the future.
NOTE: We can be 100% wrong. This is not a buy/sell recommendation; it's for educational purposes only!
