INDUSINDIndusindbank is on the verge of breakout, dont just buy as its in trapping zone of 987-997, it rejected these level multiple times so dont get trapped & wait patiently for entry.
Buy with mmentioned stoploss & target.
Trapping
Price Trap IDEA (1)PRICE TRAP
*CYPHER Harmonics pattern formed for a POTENTIAL BUY*
1)Wait for a BREAK in the RESISTANCE area
2)Wait for a BREAK in the SUPPORT area
ONCE a zone as been broken, WAIT for the retest
Once price confirms as NEW SUPPORT or RESISTANCE its safe to ENTER
*use risk management*
Bearish trap in DXY! As looking at the double roof on the TVC:DXY Week chart, price action did not drop the 93 level, therefore price went once again up, this is the main reason why I think price will drop (long way down) to the 75 support level.
This will affect all TVC:DXY pairs!
Please wait for MACD (3,10,16,CLS) divergence confirmation!
SHORT TERM BULL of GU lead to MID TERM BEARFebruary Gap of GU will be closing soon as the price advancing to the upper level and creating high peak and trough. The price slowly bouncing in the shallow bullish trendline and from the dow theory perspectives the minor trend showed up a bullish trend, while the primary and secondary trend are not confirmed yet to be bullish. The closing gap will generate a strong resistance, clustered with failed harmonic ext retracement, which leads to shark pattern, also rising wedge combined with bearish three-drive harmonic pattern. After lower trough have been made, the bullish trend transition will continue as shark and transition trapping completed.
