GOLD IS GOING PARABOLIC , & TRENDLINE RESISTANCE IS AT 1985 . BEWARE IT CAN DIP FROM HERE & BOUNCE BACK TO 2020 CREATING NEGATIVE DIVERGENCE .
ON WEEKLY #NIFTY HAS TOUCHED A STRONG TRENDLINE RESISTANCE (RED LINE FROM WHERE IT GOT REFLECTED). RISING WEDGE WITH DEVIATION & REFLECTED FROM TRENDLINE RESISTANCE , BREAK OF 10834 ON 1DAY CLOSING BASIS WILL BRING CATASTROPHE FALL IN NIFTY & BANKNIFTY .
caution #nifty any break of support line on RSI will lead to.. blood bath again .
doesnt have any indication of divergence , inflection & with a lot of noise & uncertainty, gold will rise.
WEEKLY CHARTS R SAYING A LOT MORE , IF ONE CAN SEE , RSI is drawing the same pattern , as being developed in last peaks ...look at the two circled "M" kind of peaks on RSI . .. looks like its make or break fro #bitcoin pretty soon , most probably next 1 or 2 week , STOCHrsi on weekly is already peaking out , if bitcoin starts downward journey here , we will have...
MARKETS R TESTING PATIENCE OF ALL DAY TRADERS, TO MAKE LIQUIDITY POOL ON EITHER SIDE , BUT I M TILTED TOWARDS BEAR SIDE ...WITH BEARISH DIVERGENCE & TRENDLINE SUPPORT -RESISTANCE NEAR TO BREAKING DOWN .
short term trade ... major support on 1h @9945-9955. break & close below 9945 will bring more fall . short with stop of 10350, as i had earlier told/expected that nifty will hit resistance @10350 , so shorted some @10312-10325
as monthly suggest ... june can see very good amount of correction in #nifty . expecting break of 7800-8200 support zone in june 2020
9127-9150 on 1 day candle closing basis is big resistance .break of it will lead to fresh high of 10100-10200 easily . bull divergence on 4H & TOUCHING OF 50 MA on daily time frame is providing more case toward bull scenario . still skeptical till 9127 not broken
SHORT TERM EXITING FROM SHORT , WAITING FOR 7850-8000 ZONE AS 4H CHART SHOWING HIDDEN BULLISH DIVERGENCE WITH RSI ,IT MAY BE BITCOIN WILL CRAWL UPTO 7850-8000ZONE ,
3 DOJI ON DAILY CHART IN ASCENDANCE , THAT MEANS A BULLISH UPTHRUST CAN HAPPEN ANYTIME , BUT I M AGAIN VERY MUCH CONFIDENT OF FINAL FRONTIER RESISTANCE OF 9975-10100 ZONE , ITS A PRIME SHORTING ZONE FOR A NEW LOW IN THE NEXT (MAY) MONTH . SO LONG NOW TILL 9970 & SHORT ABOVE IT.
thats a historical chart, which shows gold will be @ $5000+ till 2025 ... if any thingcan be concluded from the fractal going from 2005-2011 ...we r exactly at the same place or we may see gold touching 1800-1900 in short run then consolidate to 1300-1450 zone & then again make a ride towards new life time highin end 2021 -begining 2022 & keep on increasing till...
time to be cautious , btc making bearish divergence 7600 is make or break point . IF 76000 BROKEN AIM for new ATH (LESS CHANCE)
abandoned baby pattern at long time support- brace for a relief rally ... i expect a relief rally till 9900 ensuing very soon because :- 1). abandoned baby pattern 2). long term support zone as per 2 red line on bottom of chart 3). bullish divergence on daily candle .
thats a good closing going to be in a long time .. can see nifty going upto 9900 in 3-4 trading session . bullish divergence on daily will play long this for target of 9900 ...if it crosses 10k decisively ....or march monthly candle closes above 10k ...only then i will long my portfolio for long term .
we r fast approaching the final frontier on support ..nifty50 . 7860-8120 is final frontier support for nifty , i assume this to maintain for a few days & a bounce from here for few days .
charts says it all 6145 is the area to short bitcoin but.... i have apprehension that does t reach there or get deflected earlier , have to wait & watch , but its sure that BTC has entered bear market .
who says price action doesnt follow the trend lines .... drawn long back but precisely .