What can I say. We have had a beautiful run on our analysis of this group of futures that a friend has asked me to assess. Lets look for lower prices before buying. We don't chase price.
We see some beautiful price action here. Election day drop creates wipes out huge liquidity followed by a clean bullish run into consolidation. I see lower prices from here into the marked areas followed by a bullish run.
I shared a video on election day in India highlighting explosive bearish candles. My thesis was that this aggressive move down would only be for a day or two and we would see again strong bullish action. These markets are manipulated. As predicated it happened and the futures I have been watching again exploded to the upside.
An interesting and thought provoking commentary. I would like to now see a movement lower to the OTE followed by a significant move higher.
Well maybe not exactly like clock work but you get the picture. We have predicted the lows and current area of price. I will look for a deeper dig into the OTE and monthly order block before taking price higher.
IMO we are now set for a shift higher in price. Remember swing trading is grand but we need confirmations to enter. Entering without confirmation and without appropriate risk management is gambling.
We see a text book movement to take the previous swing low liquidity. We dig deeper into the monthly order block. HTF is always king. I would like to see a little deeper dig lower over the next couple of days and then a bullish reaction to take prices higher. Purely based on algorithmic price delivery.
We are at around the 50% area of the current range. My analysis is for all time highs to be taken. Lets wait and see.
We have seen significant liquidity purged and already seen a 10rs rise in price since that level. Look for a retracement to fill the gap on the daily for longs.
I would like to see price dip under the equal lows to bite a little deeper into the weekly +OB.
I would like to see a dip deeper followed by strong Bullish Price action.
This is not an investment advice or recommendation, It's solely for Educational Purposes. This is the bias for Nifty for now. Market Structure is positive, will be working on the most probable setup. Expecting some retracement before continuation of the up move. Spotted this inverse head and shoulder structure. A high probability for long side trade.
I explain what I mean by a beautiful controlled loss. Some traders don't want to hear about losses, though it's about the most important thing in trading. The position shown is a paper-trade. Disclaimer: This is not advice or encouragement to trade securities or any asset class. This is not investment advice. Chart positions shown are not suggestions...
The India50 is not one that's often talked about. I show how I estimate the price action and probabilities for a short position. As always if anybody is getting into this, prepare to lose! This is a loser's game - we can't win without losing, end of story.
The Indian stock market is not one I usually see talked about on Tradingview. However, it has been ripening for a short over the last few weeks. Markets decide their own course. Generally though the India50 appears to be weakening.