Falcon_Trader_1

Falcon_Trader_1

In this analysis we are just looking at the weekly days at key turn around periods. It seems that Monday tops the list of trend change, having said that this also means option seller is trying to trap people who have taken positions (in the same direction as Thursday) over the weekend. A cut throat theta decay perhaps over the weekend, followed by a trend change...

Falcon_Trader_1

Falcon Waves remains the same, we change that only when previous LH or HL gets taken. Introducing new systems, with focus on Heikinashi Candles It seems that buying momentum is decreasing and we will soon find our way for a pull back. Next week is interesting already with DXY shooting up and crypto has also not shown major strength in past few days. So what...

Falcon_Trader_1 Updated 

Nothing new, count remains same. The art of intraday - is a valuable lesson for options buyers, we are in reversal zone, however no confirmation yet. Waiting for Falcon CCI indicator on Trading View (free for public) - to give some signal. Nifty 50 has moved up and not it is time for some pull back.

Falcon_Trader_1

It looks like we have reached a zone for now that has strong resistance area. Breaking above this seems very unlikely in next few days. I can be wrong because market does what market does. I will be ready to short if I get red candle closing below previous green candle low. That is simple trigger line concept that always works for me. This seems to be wave 2...

Falcon_Trader_1

When we retail traders plan shorts, they are taking longs. What helps us? 1. Heikinashi Candle (Never trade against Heikinashi candle - 1H TF or 4H TF is good for Nifty) 2. Use Falcon trigger line, reversal happens only when red candle closes below previous green candle low I have updated Falcon waves for now, I have extended this monthly count and now...

Falcon_Trader_1 Updated 

I have been travelling therefore there is some delay. However in most previous posts I have posted even during live market. FalconWaves wave C is almost done. I have given you a trigger line, if price closes below this then short opportunity is good. Once this wave C completes, we finish green A and then we look for green B down - which will again have blue...

Falcon_Trader_1 Updated 

Nifty is moving as per Falcon Waves that was shared in previous posts. Some posts were updated in live market and not shared as idea. However I will try to update on daily basis. Some key points, the ABC ratio at 61.8% worked well in predicting wave C end, and now the green weekly A wave is completed. This means that we will go down to complete green B wave,...

Falcon_Trader_1

Nifty has moved towards the support area, one more attempt at this wave count as wave 4 is pending. A complex ABC wave with 3,3,5 counts in progress. - Bounce Target 15900 then move upwards - If we continue owing down then we are in 5th wave and we will still need wave 2 upside - Target will be higher 16400 - one last attempt to break it and then nuke

Falcon_Trader_1 Updated 

The last 30 min trading on Nifty50 was incredible, many retail traders went long thinking that bottom is in or price or trend has changed, but this looks like a retest of the ascending wedge pattern on 1H, also the Elliott Wave count shows that the down trend is still pending. During this volatility we can not anticipate what will happen today but following simple...