$NIFTY Possible Bull Target & Reversal Zones #NiftyTraders and Investors, there is a lot of joy, speculation, excitement and nervousness in the Indian stock market as it makes another all-time high today. This however can be very deceiving or a good opportunity. Depends on how to see and interpret it. 🙂 If you think this is way too high and it should take a correction or dump then it may just give you that sort of opportunity when it reaches one of those FCP zones or extension levels ahead. If you are bullish and expect market to continue rise higher then also we have these zones and extension levels as possible bullish targets.
Remember a few things about this market:
1. It has been consolidating for a while after hitting a major reversal level as you will see in the attached idea posted on Oct 13, 2021. This can still form a double top and fall down.
2. The Nifty 50 index has been taking divergence from US Indices this year. Whilst US indices fell Nity held its position strongly. But that does not mean it can no start to follow them again. The correlations come and go in time cycles.
3. This market cab target 20K level as well because that is psychological and is getting close. In terms of points, it is still too far but in the overall price action structure it is not.
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The content on this analysis is subject to change at any time without notice and is provided for the sole purpose of education only.
Not a financial advice or signal. Please make your own independent investment decisions.
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Vikinsa
$VIX Can Rise Soon - Watch Out #VIXTraders and Investors, US Indices have had a good rally. Dow Jones has been the leading one which printed the one of the biggest 3M bullish engulfing candles ever. SnP500 is also creating 3M bullish engulfing bit has been lagging behind the US30. NASDAQ (NAS100) is the lagging behind at the last spot. Russell 2000 has been also printing a bullish engulfing candle on the 3m Time frame. On the other hand, in the UK, UK100 (FTSE100) also has been going really strong. US30 did not have a single stock in a bearish category since 12th of October 2022! This also has broken an important level and trend line. It is overextended at the moment and a correction could be due. This has a perfect confluence with VIX (Volatility Index) which currently is in a demand zone and an FCP zone.
VIX can still fall further down because a pattern before failed, and a trend line was broken which makes it more bearish. But for now, a bounce could be due because of the demand zone. This can produce a bounce to the upside which can also coincide with corrections across indices and possibly precious metals too.
As we enter the last week of November, we can expect some good moves in the market which can turn into short term trading opportunities.
US30: (3M Time Frame)
US500: (3M Time Frame)
US100 (3M Time Frame)
UK100 (3M Time Frame)
RUSSELL2000 (3M Time Frame)
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The content on this analysis is subject to change at any time without notice and is provided for the sole purpose of education only.
Not a financial advice or signal. Please make your own independent investment decisions.
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Is Gold (XAUUSD) Bullish? Think Again! - Full Top-Down AnalysisTraders and Investors,
The gold started to rise on NFP data last week. Now that it showed a few patterns playing out and rejection from a level forming triple bottom, is it really bullish? There are few scenarios which first look at before we start to make any decisions.
In this Gold (XAUUSD) analysis update we will look at what happened and what sort of opportunities can be there in coming days and possibly weeks.
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-Vik
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The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
Not a financial advice or signal. Please make your own independent investment decisions.
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$DOWI #US30 Can Go To Approx 38000 (ATH)Traders, US30 has been rising up as expected since it hit our FCP zone.
Now there is great pattern setting up which can push Dow Jones (US30) to the All Time Highs. There are few intermediate FCP zones (Targets For Longs Or Barriers/Resistance Zones) along the way.
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-Vik
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The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
Not a financial advice or signal. Please make your own independent investment decisions.
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$EURUSD Higher Time Frame Analysis - A Huge Opportunity #EURUSDTraders and Investors,
As promised, here is the update on EURUSD higher time frame analysis. Remember the last analysis here as below and then further update?
An FCP M pattern had already been completed a few weeks ago but the price has just been consolidating. Last week it showed first signs of bullish indication. Although not very strong, these are the first signs. This pattern can lead to a very good market turning opportunity. Refer to the chart. It is self-explanatory.
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The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
Not a financial advice or signal. Please make your own independent investment decisions.
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Is DXY Still Bullish? Full Top-Down Analysis & Update!Traders and Investors,
The dollar fell on NFP data last week after rising on FOMC in the same week. Now that it showed a few patterns playing out and rejection from a level, is it really bearish? There are few scenarios which first look at before we start to make any decisions.
In this DXY (Dollar Index) analysis update we will look at what happened and what sort of opportunities can be there in coming days and possibly weeks.
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The content on this analysis is subject to change at any time without notice and is provided for the sole purpose of education only.
Not a financial advice or signal. Please make your own independent investment decisions.
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$FTSE (UK100) Is Targeting All Time High As Bullish TargetTraders and Investors, FTSE is one of the best resilient indices which had one of the lowest impacts in last few months as compared to bearish US indies. Now last couple of weeks it has been making its move upwards which can set its trajectory to retest the previous high one more time. This can happen if the trend line and that FIB level is cleared.
This is looking increasingly bullish now.
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The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
Not a financial advice or signal. Please make your own independent investment decisions.
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$WTI #USOIL Can Start To Rise Further, Can Go ParabolicTraders, USOIL has been rising after hitting our FCP zone as below. If 2 conditions of this set up are satisfied, it can start rising parabolically towards 100 again where we have an unfilled gap too. Manage the risk though!
Aug 21:
September 26:
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The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
Not a financial advice or signal. Please make your own independent investment decisions.
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$HSI Hang Seng Index Can Rise Up - Inside and FCP Zone NowTraders, I have been covering indices in depth latetly and what I see a common pattern is that US Indices has started to bounce back. US3 has been gaining for last 3 weeks or so, SnP500 is lower but gaining and NASDAQ is the only one which gained slowest. Hang Send Index (HSI) has reached 2008 levels but forming an M pattern. It is now inside an FCP zone which can push it upwards. Now think about the consequences of that.
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-Vik
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The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
Not a financial advice or signal. Please make your own independent investment decisions.
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$BABA Can Go Up Watch Out For A BreakoutTraders and Investors, Alibaba (BABA) has completed the typical bubble stock M formation and is now trying to gather orders for a bullish momentum. This stage happens when most investors fall into Despair or hopelessness.
The earnings report is expected, and we have a wedge pattern. If the price breaks above the pattern and we get a confirmation, this can go the first target of M patter which is around 160 but with an intermediate target of approx. 132.
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-Vik
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The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
Not a financial advice or signal. Please make your own independent investment decisions.
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Twitter ($TWTR) Can Rise Much Higher, Wait For A BreakoutTraders and Investors, Twitter currently is at an important structure zone. If that zone is broken and confirmed, it can rise much higher to the targets shown in the chart.
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The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
Not a financial advice or signal. Please make your own independent investment decisions.
____________________________________________________
DXY (Dollar Index) Full Top-Down Analysis Traders and Investors,
Dollar had a massive run for past year and is now inside an FCP zone. It is kind of stuck between 2 FCP zones and may consolidate there for a bit. On smaller time frames, there are few signs which can give us potential important hints on the next direction. Last week, showed a rejection pattern from the top which is still valid. if the market does not violate that it can still look for downward move at least for the short term. But as it has been very bullish, there may be a period of consolidation. On the other hand, EURUSD also showed a good bounce last week which can also be correlated with it.
On the bearish side of things there are several factors lining up for the dollar:
1. Completion of W pattern
2. price inside FCP zone
3. Trend Line touch a few days ago
4. Weekly divergence building up
As the market conditions are changing fast, risk management is a priority.
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The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
Not a financial advice or signal. Please make your own independent investment decisions.
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$EURUSD Can Rise Now #EURUSDTraders EURUSD has been waiting for a good bounce from 0.96387 level which it saw today. Depending on the market close today, if it closes a good strong candle there is a possible positions trade coming in EURUSD which can push the price to much higher-levels completing W patterns at these 2 FCP zones approx. at these levels. This may take weeks and possibly months.
1. 0.99500
2. 1.00500
As the market conditions are changing fast, risk management is a priority.
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📌 DISCLAIMER
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
Not a financial advice or signal. Please make your own independent investment decisions.
____________________________________________________
$DOWI #US30 Watch This Level For A Possible BounceTraders and Investors,
With the dollar strength the indices have been taking a beating. US30, US500 and US100 have been following the same pattern but the leading one is still Dow Jones (US30).
So far:
1. It has crossed the 200 sma on the weekly timeframe so a bounce/retest is expected at some point.
2. There is an FCP zone coming around round number 29000 which can act as support
3. An extended M FCP pattern is forming and will complete around the FCP zone.
So watch this area closely to find a confirmation to go long for a bounce.
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📌 DISCLAIMER
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
Not a financial advice or signal. Please make your own independent investment decisions.
____________________________________________________
$VIX Has Reached Another FCP Zone - W Pattern Complete #VIXTraders and Investors,
The VIX picked up a lot of strength and violated the bearish flag that was earlier forming. Now it has just completed a W pattern which means that it can take a bit of correction. An extended version of this W pattern places the price in the next FCP zone as well. So although there are chances of it falling down, a little more strength can also push it higher. So watch this carefully along with indices.
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The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
Not a financial advice or signal. Please make your own independent investment decisions.
____________________________________________________
$XAUUSD #Gold Can Be Bullish Next MonthTraders and investors,
Gold has been falling for straight 6 months. Now that on the monthly time frame XAUUSD has broken the mid point of potential M pattern, it can try to retest. However it all depends on how it closes this week and month. So watch it closely.
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📌 DISCLAIMER
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
Not a financial advice or signal. Please make your own independent investment decisions.
____________________________________________________
$SPY #SPX Watch This Level For A Possible BounceTraders and Investors,
With the dollar strength the indices have been taking a beating. US30, US500 and US100 have been following the same pattern but the leading one is still Dow Jones (US30).
On the SnP500 so far:
1. It has NOT touched/crossed the 200 sma on the weekly timeframe so a test and then a bounce is expected at some point.
2. There is an FCP zone coming around round number 3550 which can act as support
3. An extended M FCP pattern is forming and will complete around the FCP zone.
So watch this area closely to find a confirmation to go long for a bounce.
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The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
Not a financial advice or signal. Please make your own independent investment decisions.
____________________________________________________
Complete Dollar (DXY) Top Down Analysis =Where Is It Headed Now?Traders and Investors,
Dollar has been on a run again and it is moving towards our multi year target of 113 which we predicted nearly 2 years ago. Although it completed a W pattern and was inside an FCP zone, it did not have a substantial correction. On smaller time frames, it showed a little retaracement but that was not enough. The strength in dollar is taking it to our next multi year target of 113 zone. This zone again will have potential to push the price down or at least sow it a bit. After that we will have 116 as a new intermediate resistance followed by 127 zone.
In this DXY (Dollar) technical analysis we will study few scenarios which can help in understanding what is about to come next few days/weeks.
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The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
Not a financial advice or signal. Please make your own independent investment decisions.
____________________________________________________
#US10Y #Bonds Can Fall From This FCP ZoneTraders & Investors, US 10 Year Bonds have been on the rise. After a minor correction they rose higher but now they could be approaching an FCP zone which can act as a resistance. We also have Relative Strength Index divergence setting up on weekly time frame.
Out this on your watch list as this can impact stock market, indices and other asset classes due to money flow from this asset class.
Rules:
1. Never trade too much
2. Never trade without a confirmation
3. Never rely on signals, do your own analysis and research too
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📌 DISCLAIMER
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
Not a financial advice or signal. Please make your own independent investment decisions.
____________________________________________________
$USDJPY Could Be Reaching The Final Bullish TargetTraders, USDJPY has been extremely bullish for last few months and this Forex pair is the one giving most of the strength to DXY (Dollar Index). Now USDJPY could be reaching an FCP zone along with a multi year cross trend line. This can give us the final target for our bullish trades and may also give us good opportunity for short trades depending on a good confirmation at least on the daily time frame.
Rules:
1. Never trade too much
2. Never trade without a confirmation
3. Never rely on signals, do your own analysis and research too
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📌 DISCLAIMER
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
Not a financial advice or signal. Please make your own independent investment decisions.
____________________________________________________
$WTI $USOIL Can Rise #crudeoilTraders, Intraday USOIL (WTI) has been slipping but the structure has been broker to the upside on the smaller timesframes. There is a very good confluence zone coming up soon on Crude Oil which can be a great place for long entry if the confirmation arrives. This can be a little risky trade so manage the risk. The target ultimately is the unfilled gap which left there days ago.
Rules:
1. Never trade too much
2. Never trade without a confirmation
3. Never rely on signals, do your own analysis and research too
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-Vik
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📌 DISCLAIMER
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
Not a financial advice or signal. Please make your own independent investment decisions.
____________________________________________________
$VIX Is In The Zone, Can Take A CorrectionTraders, $VIX Is In The Zone, Can Take A Correction. Watch $DXY too with it. If these 2 fall, we are looking at some relief in indices (Dow Jones, SnP500 and NASDAQ)
Rules:
1. Never trade too much
2. Never trade without a confirmation
3. Never rely on signals, do your own analysis and research too
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The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
Not a financial advice or signal. Please make your own independent investment decisions.
____________________________________________________
#BANKNIFTY Can Rise From The FCP Zone Traders,
BANKNIFTY Can Rise Intraday. We have an FCP zone and an unfilled gap. So watch out for this intraday opportunity. NIFTY
Rules:
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📌 DISCLAIMER
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
Not a financial advice or signal. Please make your own independent investment decisions.
____________________________________________________