NIFTY Corona Crash TA
In hindsight everything is easy, but these clues pave way to be ahead of the market next time the same price action happens, keep this in mind before you read my analysis.
1. Trend Continuation
https://www.tradingview.com/x/uQvTmwxM/
There is no way we wouldn't have stopped out at that GP but clearly we had it coming
2. The Big Short
https://www.tradingview.com/x/Fu3KXAVr/
Using both of these techniques we did see possible resistance, just like in any other market buy at support sell at resistance.
3. Window of Opportunity
https://www.tradingview.com/x/ZfLKIgsH/
Catching the tops are highly risky, well this was the entry that would have given a 30% move, to hell with corona and lock down the charts saw this coming.
4. The Bottom
https://www.tradingview.com/x/nGCip82B/
The exact bottom of many big crashes, i have not other words for this beautifully found support at the 618, who said TA never works.
5. The word on the street
Now lets analyze the timeline of corona and lock down, what i find fascinating is at the fact that after government proceeded with the lock down, the market found support and it recovered.
https://www.tradingview.com/x/Wcs875fs/
1. Trend Continuation
https://www.tradingview.com/x/uQvTmwxM/
There is no way we wouldn't have stopped out at that GP but clearly we had it coming
2. The Big Short
https://www.tradingview.com/x/Fu3KXAVr/
Using both of these techniques we did see possible resistance, just like in any other market buy at support sell at resistance.
3. Window of Opportunity
https://www.tradingview.com/x/ZfLKIgsH/
Catching the tops are highly risky, well this was the entry that would have given a 30% move, to hell with corona and lock down the charts saw this coming.
4. The Bottom
https://www.tradingview.com/x/nGCip82B/
The exact bottom of many big crashes, i have not other words for this beautifully found support at the 618, who said TA never works.
5. The word on the street
Now lets analyze the timeline of corona and lock down, what i find fascinating is at the fact that after government proceeded with the lock down, the market found support and it recovered.
https://www.tradingview.com/x/Wcs875fs/
Disclaimer
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.