Head and shoulder Horizontal Resistance Equal move Trend exhausted
Reason: continuation on W chart. pause in selling on D chart. Reversal selling wave pattern i.e. two wave format. In short, current down wave is corrective wave. Timeframe : As highlighted by the arrow
Reason : See the monthly chart :) TImeframe : As highlighted by the arrow P.S : It will take the company of Index too.
Reason : The only next support. Time out of buying any further. Weak DXY= Strong all opposite pair Timeframe: As highlighted by the arrow.
Reason : Ready to bounce from 62 upto 38 then gradual upto 23. Timeframe : As highlighted by arrow.
Reason: Same happened before (Recent impulse and correction wave) Timeframe : As highlighted by Arrows
Reason : Same happensed before. (Recent impulse and correction wave) Timeframe: AS highlighted by Arrows.
Reason : Current correction wave as continuation upto 85 then second impulse wave upto 115. Timeframe : AS highlighted by Arrows.
Reason: Same happened before. (In recent impulse and correction wave). Timeframe : As marked by the Arrows for both long and short
Reason: Continuation of second leg as correction is gradual than impulse. Timeframe: Same as 1st leg of impulse move. i.e. 1 week
Reason : Continuation of second leg as shown with arrow (first leg~measured move). Timeframe : Within a week
Reason : Upside momentum shifted over a week now with 3 touch. This in turn, to trigger short orders to take out people from next big upside leg (copy of 1st leg from 0.68~0.76). They may event this (upside 2nd leg) with some big news. Timeframe : short wave to reach trgt within 3 weeks then settle there to shape big upside second leg.
Reason : Another touch to 1.064 to be played, which ideally to be 2/3 wave format.At that spot short entry arises, a small south side direction movement upto 1.053. The larger trade would be complete reversal till 1.035 to start from there with lower lows.yet, more time correction first. Timeframe : Whole play to carry out early next week.
Reason : Upside exhaustion in two wave format. However momentum is little stronger than previous move thus to hold this level for a day before reversing back to south up to upside move origination point. TImeframe : Likely a week.
Rreason. Exhaustion of price and time correction. Timeframe : By 7th Septmber.
Reason: Beginning of up trend upto 4,650. Timeframe : Before 3rd week of September.
Reason : Exhaustion of down trend to trigger fresh upside move. Timeframe : By end of 2nd week of September.
Reason : Continuation of prevailing upmove to shape its 3rd wave. Timeframe: By end of 3rd week of this month.