Messy Chart, Clear Pattern and Target! Hello hope y'all having a great day especially the bears.
Looking at bitcoin we can see a clear leading diagonal that has formed which would land us around 45k for the fifth wave but beware diagonals tend to overthrow to the 4.236 so do not enter a short position unless we get that 4.236, preferably just do not short.
If you’re long keep your position running as I see no need to close here and if you’re short take your damn profits!
Targets:
43,400 15%
45,300 35%
47,800 50%
Have a great day, trade responsibly and do not over leverage!!!!!!
Bullsareback
Bulls unleashed power max, as the clouds of war became lax.With Russia and Ukraine war pressure seeming to ease today what we are seeing in Nifty is a relief rally. This can continue for a while and next resistance for Nifty is around the range of 17486. Crossing 17486 next resistance for Nifty will be at 17815. Supports on the down side for Nifty are 17128 and 16823. Critical level to cross for Nifty will be 50 EMA that is at 17486 sustaining above it will enhance the chance of Nifty moving first towards 17800 levels and thereafter to 18K levels. We hope that there is no further bad news from Ukraine front.