ajkhan30

ajkhan30 Mar 16, 2023

After retracing to perfect Fib 38.20% and formed major support level at 1813-1814, the index resumed its bullish momentum and produced long bullish candlesticks. Going by its impulsive move in it is expected the price action will pause and retraced towards its nearest highlighted support level for cooling down. The price index is facing major resistance level...

ajkhan30 Mar 6, 2023

The price action faced rejection from major confluence area consists of 61.80% and daily support level of 1.19885. The rejection resulted in substantial bullish candle and bullish momentum till the move faced rejection from monthly resistance level. Now the price has retraced and finds support at 38.23%. But it is expected that the retracement will continue...

ajkhan30 Mar 6, 2023

Gold is expected to retrace to golden zone of 50%-61% before making its bullish move.

ajkhan30 Feb 22, 2023

The price index after forming Harmonic Char Pattern AB=CD is expected to make Bullish Reversal.

ajkhan30 Feb 17, 2023

The pronounced upward movement beforehand and strong positive sentiment causes the index to spike higher ‘pole’ and the price action has now converted itself in symmetrical triangle and consolidation form with defined support and resistance lines; hence, the Bullish Pennant. The buyers were driving the market upward until the present back off and profit...

ajkhan30 Feb 17, 2023

The price index is about to break-out after long consolidation and Finishing formation of “W” sign typical of Bullish Flag. The bullish flag pattern perfectly moving around in two parallel trend lines - a channel - for the buyers to regroup before initiating a new leg higher. As a general rule, the consolidation phase has retraced to more than Fibonacci...

ajkhan30 Feb 16, 2023

The price index has formed Bearish Flag chart pattern. The new low is now effectively in placed. This consolidation is completed within a parallel channel The buyers have started to take the price upward a bit but the sellers will soon activate to rebound after a breather. The consolidation phase is short and less choppy. Secondly, the price has text book...

ajkhan30 Feb 16, 2023

The price index after completion of Harmonic Chart Pattern AB=CD is going to retrace for correction and cooling down to nearest support level highlighted. The ascending support trend line complements the highlighted support zone. Therefore, price is expected to hold for brief interval and enter into sideways movement before preparing itself for another upward...

ajkhan30 Updated  Feb 16, 2023

The Dynamic Trend Line and ascending Support line and Fib Level 61.80% and Moving Average 14 have converged and formed a Key Area of Confluence. The price action is repelled by key Area Of Confluence and pushed into bullish Momentum The price action has provided trade opportunity Long at current market price with TP and SL @ of RRR 2:1%, respectively.

ajkhan30 Updated  Feb 16, 2023

As predicted on 10/02/2023 the price action after collecting the order blocks on the price of its choosing and now broke-out into bullish momentum. The price after retracement to Fib Level 61.80% faced rejection and formed long bullish C/S and yet another sign of bullish momentum. The price action confirmed its bullish momentum when it breached both 9 MA and...

ajkhan30 Feb 13, 2023

The price index after creating Bullish Falg is an indication of Bullish run. Secondly the price has retraced to Fib level 61.80% is another indication of Bullish tendency. Trade Opportunity long could be available after break-out from Flag pattern with SL at immediate HL and TP RRR 2:1%

ajkhan30 Feb 10, 2023

The price action moved exactly as predicted on 05/02/2023 After consolidation and collection of order block on discounted prices of its own choosing the Smart will resume its bullish move. In case the price doesn't find any support, it will retrace to 23.60% for consolidation.

ajkhan30 Updated  Feb 9, 2023

The price is about to end its consolidation period of five days today before becoming bullish and move upwards. The 50 MA has proven as consistent support for the price action during its consolidation state. The volume also doesn't support the break-out as yet. Watch for the break-out and buy trade can be attempted after the price crosses the stage of...

ajkhan30 Feb 7, 2023

The price index is trying to break the above once but failed. The previous corresponding resistance was tried six times before it was breached through a violent bullish leap which ended in historic HH of the recent past. It is expected to remain in the highlighted region for the same number of days before becoming bullish. The estimated date for making a...

ajkhan30 Updated  Feb 7, 2023

1) The price action has also completed chart Pattern "W" which is always considered an indication of correction towards bearish side. 2) The price action after devouring the BeOB (Bearish Order Block) is expected to retrace to Fib level 50.0% and take the BuOB (Bullish Order Block) before resume its bullish journey to go for second...

ajkhan30 Feb 7, 2023

1) Support Level has stood the test of recent historical price action on various occasion. Therefore, it is expected that therefore, are immediate prospects the trend becoming bullish until it picks its order block at point No.1 2) The price index started its journey from point Not.1 and created and fixed an order block of...

ajkhan30 Feb 6, 2023

1) After completing Harmonic pattern "W" the price action is retraced and heading for correction towards strong support at Fib level of 61.80%. 2) The price is expected to consolidate itself in the Fib Golden Zone before resuming its bullish run. 3) The period of consolidation is expected to last for same time as highlighted before. Trade Opportunity arises...

ajkhan30 Feb 6, 2023

Bullish Biases 1) The daily time frame (DTF) shows that the price action has breached both Tenkan-sen (Conversion Line) and Kinjun-Sen (Base Line) from below as point No.1. 2) Though the price action has successfully penetrated Tenkan-sen and Kinjun-sen shown at point No.2 but the fair size of Kumo (cloud) is expected to withhold...