Ethereum Only bullish to re-test a prior HighAfter the daily close of yesterday, it became apparent that this pair isn't in much favor of an uptrend. I believe that this is an indecision retracement, price has already been rejected at the weekly resistance and 62% fib. It's formed it higher low and now its looking to either push for new highs or begin new lows again. This is a daily setup being monitored on the 4H.
Reversalpoint
AUDCAD I Watch for this 🎯Welcome back! Let me know your thoughts in the comments!
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GBPAUD I Returning to the peak and possible rejectionWelcome back! Let me know your thoughts in the comments!
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USDJPY I Approaching weekly reversal pointWelcome back! Let me know your thoughts in the comments!
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EURUSD I Potential bounce upward from demand zoneWelcome back! Let me know your thoughts in the comments!
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GBPCAD I Potential long channel support
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BITCOIN ABOUT TO REPEAT THE SAME PATTERNAs you can see in the chart, we have been in range for 52 days.
The previous range, lasted 53 days, if history repeats itself, between today and Thursday we should see a breakout to the downside and a retest of the 25k level.
There are two main coincidences:
1- Almost the same downside movement distance to the major support (9%).
2- The same downside movement from the top of the range till the bottom of it (13%).
However, we can observe a great difference, that it's the Volume. The previous range had 15.5M volume meanwhile this one had only 4.5M. That's three times less volume. Thing that can Indicate a very big move incoming.
If what I say is correct, it could be a good choice to:
- Open a short now till 25k.
- In 25k Open a long till 35k.
This is only a simple observation. Always do your own research.
I would be very happy to see your opinion in the comments, if you agree, remember to give me a boost.
CIPLA AT STRONG SUPPORT ZONE !!!!The price is trading at strong demand zone 850-- 875, Which is multiple time tasted by the price. Price taken support multiple times and bounce back towards the upside level. As we can see that price is trading at lower level and we seen a heavy correction in price from the all time high level of 1185 and now price is trading at 877.
850 --- 875 is strong support zone. If price respects the support level and shows good momentum either forms any bullish pattern or candle with high volume than we can plan the trade for upside with low risk & high Reward Setup.
#CIPLA
👉Price Near support zone of 850--875.
👉Heavy Correction Seen from ATH Level of 1185
👉If Respect the support zone than good bounce back possible.
👉Wait for bullish pattern or candle formation with good volume
👉Track on lower TF for strong reversal
👉A good entry we can see
EURCAD I Previous idea fulfilled and NEXT MOVE!Welcome back! Let me know your thoughts in the comments!
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MATICUSDT Potential Bullish BreakoutMATIC is currently approaching a crucial Fibonacci level that aligns with a trendline created by higher lows. This price range has seen MOST of the recent trading activity, as shown on the chart. Therefore, there is a possibility for a bullish breakout in the near future, especially after the markets close on the weekend. The trading idea suggests buying Matic on Friday and selling it on Monday, as the weekend closure may trigger positive market sentiment and a potential price increase. However, it's important to monitor the price action and adjust the trading plan accordingly to manage the risk.
GBPJPY I Approaching strong structure Welcome back! Let me know your thoughts in the comments!
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USDJPY I Up 260 Pips! Short coming soonWelcome back! Let me know your thoughts in the comments!
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CHFJPY I Swing short from resistanceWelcome back! Let me know your thoughts in the comments!
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BANKNIFTY analogy for 21-24th Nov: Required a Reverse CorrectionBANKNIFTY Pre-analysis::::::::::::
Overall Structure : Sideway
Index Components : Neutral Correlation
FGI Sentiments : Bullish; Indian 61↑ & Global 62↓
FII /DII Status : Neutral in Cash Market & Derivatives (With Combined OI)
Insider Data : Neutral, PCR: 0.87↓, IVP: 0.4↓, Low IV: 14.78↓, VIX: 14.39↓ (23/29)↓
↑Upper Level : 42600, 42750, 42850, 43000, 43100.
↓Lower Level : 42230, 42100, 41950, 41800, 41600.
Market Opening(*Expected ORB): Flat/Gapup
Activity: Long Buildup/Short Buildup
Conclusion: From above the nutshell, Showing Derivative data was neutral and sentiment is still bullish . Here Global market indicates negative sign whereas the Asian market shows negative. Observed VIX is continued to drop towards #12 by forming lower top lower button and Bond yield shows neutral too. It's probability of a short correction(L-41500) for bullish impulse(L-44000).
Have a Happy & Safe Trading!
(Data source@21:00 IST)***
___________________________________
***Note: Identify the B/S zone, Follow the trend direction with strong confirmation.
Factor Impacts: High Inflation and Interest rate hikes, Operating margin declines, Employment risks, GST Rate Hikes.
Nothing works 100% of the market. It depends on 50% weightage of technical chart, 25% to OI, and 25% to FII data.
We rigorously tested the strategy and is 88% accurate. This strategy is for knowledge point of view only & is subjected to market risk.
NIFTY analogy for 21-24th Nov: Required a Reverse CorrectionNIFTY Pre-analysis::::::::::::
Overall Structure : Sideway
Index Components : Neutral Correlation
FGI Sentiments : Bullish; Indian 61↑ & Global 62↓
FII /DII Status : Neutral in Cash Market & Derivatives (With Combined OI)
Insider Data : Neutral, PCR: 0.73↓, IVP: 0.4↓, Low IV: 11.74↓, VIX: 14.39↓ (23/29)↓
↑Upper Level : 18380, 18450, 18500, 18550, 18600.
↓Lower Level : 18200, 18150, 18100, 18050, 18000.
Market Opening(*Expected ORB): Flat/Gapup
Activity: Long Buildup/Short Buildup
Conclusion: From above the nutshell, Showing Derivative data was neutral and sentiment is still bullish. Here Global market indicates negative sign whereas the Asian market shows negative. Observed VIX is continued to drop towards #12 by forming lower top lower button and Bond yield shows neutral too. It's probability of a short correction (L-18000) for bullish impulse(L-19000).
Have a Happy & Safe Trading!
(Data source@21:00 IST)***
___________________________________
***Note: Identify the B/S zone, Follow the trend direction with strong confirmation.
Factor Impacts: High Inflation and Interest rate hikes, Operating margin declines, Employment risks, GST Rate Hikes.
Nothing works 100% of the market. It depends on 50% weightage of technical chart, 25% to OI, and 25% to FII data.
We rigorously tested the strategy and is 88% accurate. This strategy is for knowledge point of view only & is subjected to market risk.
BANKNIFTY analogy for 17-24th Nov: Struggling to move up BANKNIFTY Pre-analysis::::::::::::
Overall Structure : Neutral/ Bullish continuation
Index Components : Neutral Correlation
FGI Sentiments : Bullish ; Indian 60↑ & Global 67↑
FII /DII Status : Positive in Cash Market & Derivatives (With Combined OI)
Insider Data : Neutral, PCR: 1.2↑, IVP: 1.19↓, Low IV: 16.7↓, VIX: 15.10↑ (24/30)↑
↑Upper Level : 42615, 42750, 42850, 43000, 43100, 43200.
↓Lower Level : 42400, 42230, 42100, 41950, 41800, 41600.
Market Opening(*Expected ORB): Flat/Gapdown to upward
Activity: Long Buildup/Short covering
Conclusion: From above the nutshell, Showing Derivative data was positive and sentiment is neutral. Here Global market indicates negative sign whereas the Asian market shows negative. Observed VIX is at lower top lower button and Bond yield shows deep down. It's probability of flat/gapdown to upward tomorrow (bullish continuation) and rallies/soars towards 43000 by this weekend after a volatile breakout.
Have a Happy & Safe Trading!
(Data source@21:00 IST)***
___________________________________
***Note: Identify the B/S zone, Follow the trend direction with strong confirmation.
Factor Impacts: High Inflation and Interest rate hikes, Operating margin declines, Employment risks, GST Rate Hikes.
Nothing works 100% of the market. It depends on 50% weightage of technical chart, 25% to OI, and 25% to FII data.
We rigorously tested the strategy and is 88% accurate. This strategy is for knowledge point of view only & is subjected to market risk.
NIFTY analogy for 17-24th Nov: Struggling to move up (Upper Ckt)NIFTY Pre-analysis::::::::::::
Overall Structure : Neutral/Bullish continuation
Index Components : Neutral Correlation
FGI Sentiments : Bullish; Indian 60↑ & Global 67↑
FII /DII Status : Positive in Cash Market & Derivatives (With Combined OI)
Insider Data : Neutral, PCR: 1.22↓, IVP: 0.79↓, Low IV: 13.26↓, VIX: 15.10↑ (24/30)↑
↑Upper Level : 18450, 18500, 18550, 18600, 18650, 18700.
↓Lower Level : 18350, 18300, 18250, 18180, 18120, 18050.
Market Opening(*Expected ORB): Flat/Gapdown to upward
Activity: Long Buildup/Short covering
Conclusion: From above the nutshell, Showing Derivative data was positive and sentiment is neutral. Here Global market indicates negative sign whereas the Asian market shows negative. Observed VIX is at lower top lower button and Bond yield shows negative. It's probability of flat/gapdown to upward tomorrow(bullish continuation) and rallies/soars towards 18600 by weekend after a volatile breakout.
Have a Happy & Safe Trading!
(Data source@21:00 IST)***
___________________________________
***Note: Identify the B/S zone, Follow the trend direction with strong confirmation.
Factor Impacts: High Inflation and Interest rate hikes, Operating margin declines, Employment risks, GST Rate Hikes.
Nothing works 100% of the market. It depends on 50% weightage of technical chart, 25% to OI, and 25% to FII data.
We rigorously tested the strategy and is 88% accurate. This strategy is for knowledge point of view only & is subjected to market risk.
BANKNIFTY analogy for 14-17th Nov: Struggling to make a New HighBANKNIFTY Pre-analysis::::::::::::
Overall Structure : Uptrend
Index Components : Bullish Correlation
FGI Sentiments : Bullish ; Indian 63↑ & Global 66↑
FII /DII Status : Positive in Cash Market & Derivatives (With Combined OI)
Insider Data : Neutral, PCR: 1.15↑, IVP: 0↓, Low IV: 17↓, VIX: 14.40↓ (22/29)↓
↑Upper Level : 42250, 42350, 42450, 42570, 42700.
↓Lower Level : 42000, 41930, 41800, 41700, 41550.
Market Opening(*Expected ORB): Flat
Activity: Long Buildup/Short covering
Conclusion: From above the nutshell, Showing Derivative data was negative and sentiment is neutral. Here Global market indicates positive sign whereas the Asian market shows neutral. Observed VIX is at lower top lower button. It's probability of flat/gapdown to upward tomorrow and rallies/soars towards 43000 by coming week after a volatile breakout.
Have a Happy & Safe Trading!
(Data source@21:00 IST)***
___________________________________
***Note: Identify the B/S zone, Follow the trend direction with strong confirmation.
Factor Impacts: High Inflation and Interest rate hikes, Operating margin declines, Employment risks, GST Rate Hikes.
Nothing works 100% of the market. It depends on 50% weightage of technical chart, 25% to OI, and 25% to FII data.
We rigorously tested the strategy and is 88% accurate. This strategy is for knowledge point of view only & is subjected to market risk.
NIFTY analogy for 14-17th Nov: Struggling to break Upper CircuitNIFTY Pre-analysis::::::::::::
Overall Structure : Uptrend
Index Components : Bullish Correlation
FGI Sentiments : Bullish; Indian 63↑ & Global 66↑
FII /DII Status : Positive in Cash Market & Derivatives (With Combined OI)
Insider Data : Neutral, PCR: 1.06↑, IVP: 0↓, Low IV: 13↓, VIX: 14.40↓ (22/29)↓
↑Upper Level : 18400, 18460, 18500, 18550, 18600.
↓Lower Level : 18300, 18250, 18180, 18120, 18050.
Market Opening(*Expected ORB): Flat
Activity: Long Buildup/Short covering
Conclusion: From above the nutshell, Showing Derivative data was negative and sentiment is neutral. Here Global market indicates positive sign whereas the Asian market shows neutral. Observed VIX is at lower top lower button. It's probability of flat/gapdown to upward tomorrow and rallies/soars towards 18600 by coming week after a volatile breakout.
Have a Happy & Safe Trading!
(Data source@21:00 IST)***
___________________________________
***Note: Identify the B/S zone, Follow the trend direction with strong confirmation.
Factor Impacts: High Inflation and Interest rate hikes, Operating margin declines, Employment risks, GST Rate Hikes.
Nothing works 100% of the market. It depends on 50% weightage of technical chart, 25% to OI, and 25% to FII data.
We rigorously tested the strategy and is 88% accurate. This strategy is for knowledge point of view only & is subjected to market risk.
BANKNIFTY analogy for 10-17th Nov: Struggling to break Upper CktBANKNIFTY Pre-analysis::::::::::::
Overall Structure : Uptrend
Index Components : Neutral Correlation
FGI Sentiments : Neutral; Indian 60↓ & Global 63↑
FII /DII Status : Negative in Cash Market & Derivatives (With Combined OI)
Insider Data : Negative, PCR: 0.84↓, IVP: 2↓, Low IV: 16↓, VIX: 15.56↓ (23/29)↓
↑Upper Level : 42300, 42400, 42500, 42600, 42700, 42800.
↓Lower Level : 42200, 42080, 41950, 41800, 41650.
Market Opening(*Expected ORB): Huge Gapup
Activity: Long Buildup/Short covering
Conclusion: From above the nutshell, Showing Derivative data was negative and sentiment is neutral. Here Global market indicates positive sign whereas the Asian market shows neutral. Observed VIX is at lower top lower button. It's probability of 1.5% gapup tomorrow and rallies/soars towards 43000 by coming week after a volatile breakout.
Have a Happy & Safe Trading!
(Data source@22:00 IST)***
___________________________________
***Note: Identify the B/S zone, Follow the trend direction with strong confirmation.
Factor Impacts: High Inflation and Interest rate hikes, Operating margin declines, Employment risks, GST Rate Hikes.
Nothing works 100% of the market. It depends on 50% weightage of technical chart, 25% to OI, and 25% to FII data.
We rigorously tested the strategy and is 88% accurate. This strategy is for knowledge point of view only & is subjected to market risk.