#Bitcoin: Channel Respected. break it & go to $9000
Sugar stocks getting battered - Balrampur chini near Old breakout ATH support. Bounce from here can be good risk reward.
Clear Topping out pattern in Bitcoin was there. Though now this view post is hindsight #BTCUSD #BITCOIN
Inability to Rise further generally is followed with a correction before any meaningful rise. NIFTY and Banknifty seem to have topped out. May be too early to say this. But exhaustion is clear.
Reliance may be heading lower. Not a good RR here to enter or be in trade.
Clear Topping out pattern in S&P playing out. Can head lower.
ZTrend turns around, creates small body candle with higher lows. Candle stick also engulfed last 3 candles, which is bullish. Now needs to hold immediate lows. Morning it sold off and landed in 7th Dec Balance. Which was a strong support. Bounced from support. Now it is abv Yesterdays (12th) balance.
On Daily, 4 Hour, 2 hour, all timeframes, E-mini doesnt seem to have exhausted at all. Close below 2662 can be the first sign of exhaustion...
Low probability long setup yesterday, took a long position in anticipation. Today went up strong. But position got busted in second half. Gave away the profits.
Exhaustion at the top saved me from massive erosion on BPCL futures contract..