so a rate cut of .25% has dropped the nifty by .25% for now ;)
expect this to hold otherwise we go visit 23347 or dotted line below then run it back up again
for now waiting for a recovery and reclaim of yellow line
Break out of the pennant was not gonna be easy but once it does it should be worth it ..
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sweep done , check out the confluence of all key ema's above
weekly close above 7 ema and big week ahead with a massive zone above us
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zoom out when in doubt.. above 50 ema and still attempting to reclaim the 7 ema
chop chop till the dollar starts its descend
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dotted line tagged and weekly range low in ... imo
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hold here or we might as well go visit white thick line
still recon weekly low in
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thick white line it is..
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added at the thick white line and logged off
brutal sweep of last range low and falling wedge trendline confluence
quite a lot of work to be done to close above 23480ish in 2 days which is the 7 ema on the weekly
23537 last level for flip confluence of supply and 200 ema on the daily
22215 obvious next lower support in which case we might as well visit 19K levels so in my mind its now or never
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not bad need some more mojo till the finger by tomm to make the weekly great again
approaching 7 ema and 23172 flip for now on H4 next 7 ema on weekly which is at the finger
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H4 close above 7 ema
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weekly no bueno, daily need a close above 23026
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seems like we leg up to the next level
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3 tap on Monday and reverse or its time for plan B
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.