As discussed in the previous blog, the sell-off was expected to 17000 1. Spinning Bottom Candle, which depicts the reversal and is also supported by open interest data, A lot of puts are being shorted 2. Regression channel, Since Dec 2022, Nifty has been moving in the regression channel, It is reversed from the bottom of the channel. Assuming these structural...
Ok, we have no buy signs triggered here, and WISH is just falling. But when will it stop falling? The good news is that it is doing a double bottom in the 30min, and the RSI is a little oversold. We do have a weak bullish divergence too. The 12.10 is the breakpoint for WISH, again. By breaking it, it’ll start to climb again. The 4h chart is interesting. We are...
USDTRY will gone moon ! USDTRY Where will be arrived? USDTRY BULL prive movement prediction ready i believe that . USDTRY mine own perspective so what's your consideration on the price movement please comment in the below section .
Hi everyone! Today’s trading idea is on Nike (NKE)! It is a long trade for 3 reasons. First, the pivot at 131.83 was broken today, and this might be the beginning of a good movement next. Second, the RSI shows an advanced breakout, and this is another confirmation we have here. Third, we are near support level in the 4h chart (130.48), and NKE is doing some...
Technical Analysis 1. As you see in the chart, we have tested the 200ema 3 times in the past; and it has not trade below it since April 2020. We have made a spinning-bottom on a downtrend, coincidental with a 4th test of the 200ema. 2. RSI and OBV show a positive divergence as the bottom from 2 weeks ago (Test #3) was at a lower level. 3. Bollinger Bands give...
Spinning top reversal possible here on the 1hr.
Trying to catch the bottom here: We can see a downward trend recently (H4. D1) Now it reach the support line with a combo of candle pattern: Spinning bottom & inverted hammer Stoploss at the bottom of the pin bar Take profit: 1.25 with 1/2 strategy