WaveAnalytics_IN

WaveAnalytics_IN

This could be heading to sub 3300 zone.

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NIFTY is entering the Tug of War Zone again, after forming a Black Hammer and a follow through to that as well and leaving a small island of gap zone in this entire process. A clean follow through after a Black Hammer in a truncated fall is a low probability event. The follow through candle in this case had absolutely no intersection zone at all. NIFTY should...

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Support Zone marked. $SPX #SPX

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Appears to be heading down to sub 1150 zone.

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Incidentally, the Neckline from where BankNifty had an H&S breakdown, was also the Neckline of an Inverted H&S recently. However, in this case, it has failed to breakout. Upward Inclined Inverted H&S Necklines have this trait of failure. Third Black Day in succession (not the best formation of Three Black Crows), I'll be watching for supports below 30500 though...

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I have been mentioning since last few years that any reversal pattern without an established prior trend is counter-intuitive. In this case, the chances of failure of Piercing Pattern on weekly are High.

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The stock has surpassed the conservative estimates and is still going strong.

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The stock is entering the support zone but it will still take a long time before it settles down and can look for upsides again.

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Facing a stiff resistance that has its origin in 2008 Highs. Must cross above for a steady bull run, else a break below immediate support as depicted by Blue Line can be quite negative for the Index.

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Break Below can be Bearish.

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Reaching the Tipping point of the smaller Ascending Triangle within the larger Ascending Triangle.

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After a clear Impulsive down move, Brent is breaking out of the channel and looks set to retrace a bit and bounce till 60-65 zone.

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Struggling around the 61.8% retracement level of the down-move. Made a Shooting Star yesterday and a small candle today that hasn't closed above yesterday's High. Only a break above 32000 clears BN of all hassles.

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Series of Impulsive and Corrective patterns in a large down-move.

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Once it broke past the Descending Trendline, there has been nothing stopping it. A simple yet strongly effective way to check the change of Long Term Trends.

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The extent of pullback and behavior in support zone needs to be watched out for.

WaveAnalytics_IN

Incredible contraction since last two decades and now at the exact middle point. Something happening in JPY. Even USDJPY has a contraction, though in a smaller timeframe.

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Any negative trigger only on a break below red line.