IN YESTERDAY POST I SHARED THAT A PULLBACK IS EXPECTED, SAME HAPPENED . SHARED POSSIBILITY OF GAP DOWN IT WAS. NOW TOMMORROW PL SEE IN FIG THAT FIVES GAPS WERE MADE IN PREVIOUS DAYS. NONE WAS FILLED .BUT TODAY IS THE FIRST TIME WHEN GAP IS FILLED.THIS SHOWS THAT WE ARE VERY VERY NEAR TOWARDS OUR BOTTOM .IT MEANS THAT BULLS(SMART MONEY) HAS ENTERED IN MARKET. NOW...
INFACT THE MENTIONED ZONE IN FIG WAS THE RIGHT LEVEL TO FINISH THIS CORRECTION IN NIFTY .THAT IS WHY A SPRING TEST WAS DONE ON FRIDAY SAME FROM THE MENTIONED ZONE I HAVE ALREADY SHOWN YOU IN MY 1 OR 2 POST YOU CAN SEE .NOW IT HAS GONE INTO EXTENTION SO I FEEL MAXIMUM CAN GO TO WHITE SUPPORT LEVEL MENTIONED IN FIGURE. ONE THING I FEEL MAXIMUNM PROBABILTY THAT THE...
IN YESTERDAY POST I SHARED THAT ENGULFING PATTREN IS FAILED SO WILL MOVE DOWN SAME HAPPENED. NOW TOMMOROW I SHOWED A PINK CIRCLE WITH SMALL CANDLE. IF NEXT 4 HR CANDLE IS CLOSED ABOVE THE HIGH OF SMALL CANDLE YOU WILL SEE A RALLY IN MARKET .ON THE CONTRARY IF OPEN DOWN THEN MORE FALL . ONE MORE CASE IN NEXT FOUR HRS OF TRADING CADLE CLOSE BELOW THE HIGH O CIRCLED...
IN YESTERDAY POST I SHOWED YOU A LEVEL ON BNF 22530 IN FIG MARKET TOOK SUPPORT FROM THAT LEVEL AND GAVE 1000PTS PULL BACK .THIS REMAINED 5 HRS UP TO ACTIVATE BULLISH ENGULFING IT SHOULD CLOSE DAY BEORE YERSTERDAY HIGH BUT STUCK NEAR TODAYS HIGH .SPEND THREE HRSh NEAR HIGH .THIS SHOWED FATIQUE AND WHEN BROKE THE LEVEL GIVEN IN FIG MADE MY BIASED TO DOWNSIDE....
IN YESRERDAY'S POST I GAVE A RANGE FOR CONSOLIDATION , IT HAPPEN BUT SLIGHTLY IN LOWER ZONE. AS ALREADY TOLD BULLISH ENGULFING TREND REVERSAL PATTERN IS NOT ACTIVATED YET .THE CONDITION IS OF CLOSE ABOVE FRIDAY HIGH .TOMMOROW IF GAP DOWN OPEN AND MARKET GETS RECOVER WITH IN 4 HRS BY PROVING CLOSE ABOVE THE LEVEL 22500 THEN PATTERN WILL BE ACTIVATED OTHERWISE...
IN YESRERDAY POST I SHOWED RANGE WHERE MARKET WAS ABOUT TO CONSOLIDATE BUT IT CHOOSE SLIGHTLY DOWN ZONE TO CONSOLIDATION WHOLE DAY .THE PROCESS OF RANGE BOUND TRADE HAPPENED BUT SLIGHTLY DOWN. AS IN FIG BULLISH ENGULING PATTREN IS SHOWN THAT IS YET NOT ACTIVATED . IF TOMMOROW MARKET OPENS GAP DOWN AND COMES BACK IN THE LEVEL SHOWN 22530 WITH IN 4 HRS OF TRADE...
ON 13TH MORNING I SHOWED THREE GAPS ON 4HR CHART WHICH SHOWS REVERSAL THAT I SHARED WITH YOU .SEE ON THAT DAY BULLISH ENGULING PARRERN IS MADE COVERING TWO CANDLES SHOWS STRENGHT OF BUYERS NEXT CANDLE IS RANGE CANDLE MAKING BOTH HIGH SAME .THIS PATTERN IS NOT ACTIVATED YET TILL THE NEXT 4 HR CANDLE CLOSES ABOVE THE HIG OF LAST TWO CANDLES. SO OPENING CAN BE LOW...
IN MY LAST ANALYSIS IM SHARED ABOUT THE SPRING TEST IT CAME. BUT THIS CHART WAS MONTLY SO THE SPRING MOVE SHOULD STAY TILL END O THIS MONTH ONLT THEN IT WOLD BE VALID FORMATION O MONTHLY ACCUMULATION PROCESS .IF I SEE A WEEKLY CHART WHICH I SHARED WITH YOU ,WHERE DISTRIBUTION IS GOING ON , THE BLUE COLOUR ZONE I SHOWED IN FIG IS CELING OR THIS SPRING MOVE WILL BE...
IN MORNING POST I GAVE EVERYY REASON FOR TODAYS MOVE IN ADVANCE SAME HAPPEND .IN FIG. I TALKED ABOUT THE SPRING TEST FROM ZONE SAME HAPPENED .WHEN PUPLIC WAS IN FEAR YOU HAVE BEEN IMFORMED EARLY FOR THIS MOVEV. CAN COMPARE BOTH MY POSTS.https://www.tradingview.com/x/Z0qKtUY0/
SINCE ALL SUPPORT LEVELS HAVE NO VALUE THOUGH I TRY TO SHOW ONE ZONE IN FIG AS PER MY ANALYSIS IT SHOULD STOP.THIS IS THE CORRECTION OF BIGGER CYCLE WHICH IS VISIBLE IN MONTHLY CHART THAT IS GRAND SUPER CYCLE .IE IS 4TH WAVE CORRECTION .SECOND THIS IS ACCUMULATION IN MONYKLY CHART WHERE PHASE THREE IS GOING ON .THE AR FORMATION. SO NEAR THIS ZONE IT SHOUL...
IN THIS FIG.I SHOWED THREE REGULAR GAPS MADE CONSECUTIVE DAYS WITH STOPING VOLUME & COMPLETION OF ZIG - ZAG PATTERN IN FOUR HR CHART INDICATE THAT MARKET HAS EXHAUSTED RIGHT NOW NO FURTHER FALL FOR TIME BEING . IT SHOULD BE READY FOR PULL BACK. SEE IN CHART GREEN ZONE WILL BE THE TARGET IN COMING DAYS.https://www.tradingview.com/x/PL4yAHjG/
IN THIS FIG A RED COLOR ZONE IS SHOWN WHERE EITHER FALL CAN COMPLETE OR CAN GO TO PULLBACK TO MAKE AN EXTENTION STRUCTURE FOR LAST FALL WHICH CAN END AT GREEN DOTTED LINE. SO THIS WEEK WILL CONFRIM THE MOVE. TODAY MARKET TOUCHED LOWER END OF RED ZONE.