BHEL- LONG TERM HORSE...!Hey guys...
Today gone through the chart of BHEL LTD and it is under correction for a leading diagonal in my view...the stock looks to break the levels before any upside.
The correction for leading diagonal are supposed to be upto 61 to 78 percent.
The zone has been marked for your understanding....
but after correction it will not look back...!
Regards
Crashcycle
Nasdaq -> -20% Massive Drop Ahead!Hello Traders and Investors ,
my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Nas100 💪
Looking at the macro view on the monthly timframe you can see that at the moment the Nasdaq is retesting massive resistance of the 10+ years rising channel formation so I do expect a monthly push lower.
With the recent strong rally on the Nasdaq it is quite likely that we will see at least a retest of the 0.382 weekly fibonacci retracement level which is then maybe acting as a first strong support area.
My last analysis on the Nasdaq perfectly played out with the Nasdaq breaking below the daily bullish trendline and creating a double top in the process - therefore everything is currently looking quite bearish and I do expect more daily downside.
Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint📈
Thank you for watching and I will see you tomorrow!
My previous analysis of this asset:
1929 Stock Market & Today The story of 1929 -
The Great Depression was a severe worldwide economic depression that lasted from 1929 to the late 1930s. There were several factors that contributed to the trigger of the Great Depression, but the key trigger is often attributed to the stock market crash of 1929.
In the 1920s, there was a period of economic growth and prosperity in the United States, also known as the "Roaring Twenties." During this time, people invested heavily in the stock market, and the prices of stocks rose rapidly. However, in September and October of 1929, the stock market began to decline, and on October 24, 1929, known as "Black Thursday," panic selling began, causing the stock market to crash.
The stock market crash led to a chain reaction of events that contributed to the Great Depression. Banks had invested heavily in the stock market and had also made loans to individuals and businesses that were unable to repay them. As a result, many banks failed, leading to a loss of confidence in the banking system.
The collapse of the banking system led to a decrease in the money supply, which caused a decline in spending and investment. The decline in spending and investment led to a decrease in production and employment, which caused a further decline in spending and investment, and the cycle continued.
In summary, the key trigger for the Great Depression was the stock market crash of 1929, which led to a chain reaction of events that caused the collapse of the banking system and a severe decrease in spending and investment.
I am seeing similarities between its technical and fundamental.
My view on technical as a study into "Behavioral price movement" , it refers to the fluctuations in the price of a financial asset that are caused by the collective behavior of investors, traders and events. And they tend to repeat itself.
Trading & Hedging in Nasdaq -
E-mini Nasdaq Futures & Options:
Minimum fluctuation
0.25 index points = $5.00
Micro E-mini Nasdaq Futures & Options:
Minimum fluctuation
0.25 index points = $0.50
Disclaimer:
• What presented here is not a recommendation, please consult your licensed broker.
• Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises.
CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
Gold Momo is On!*** Not Financial Advice ***
Gold has moved precipitously from our original entry point, and is giving a momentum entry area where we currently sit. Worst case scenario can be a breath back on a higher timeframe to 1780. But that would be a good thing as it will allow us to get in at a higher price to ride it down to 1600. The reaction we get at the next liquidity line will be very telling.
Remember, everything sells off in a market crash, especially gold.
*** Not Financial Advice ***
6/10/2022 Look Out Below! Market Selloff Imminent ***This does not constitute financial advice of any kind as I am not licensed for such opinions***
The markets selloff on a shocking CPI print, but this is to be expected. The real shock comes when you realize how far we have to fall. S&P, DXY, and Gold are covered.
The crypto markets may have their underbelly exposed to sunlight as an ominous development is set to take place next Tuesday June 15, 2022 (BTC, ETH, XRP, XLM, ADA, ALGO, SOL).
An error was made during the creation of this video where I quote an article from 2021. The Reverse Repo market has run miles away from when that article was published. But on the heels of the liquidity crisis theme, look on ZeroHedge for "Fed Liquidity Drain is Coming" on March 30, 2022
***This does not constitute financial advice of any kind as I am not licensed for such opinions***