Action
BankNifty Strong Bearish SignBankNifty looks strongly bearish and 19500 is likely to test soon.
Trend is down from daily time frame to 1 minute. So, I will wait for pullback just to enter a short trade unless it breaks blue trendline.
For the time being, 21000 is the crucial resistance level and 19500 will act as support.
Check out the Blue downward trendline which may act as resistance and Red upward trendline and Black horizontal Line may act as a support level.
However, I strongly believe that 19500 will break and more pain is there.
EURUSD SellEURUSD has formed a reversal pattern in a major area. I am looking for a break of the trendline and then a pattern to enter. Potential sell-off to my monthly level.
I definitely don't want price to come down as aggressively as I have drawn. I would like to see a corrective phase setting up for a larger long position.
HSBCOverall opinion is to SELL ..
A lot of confluence technical factors :
200 ema price down , trendline in place and price has closed consistently below
37.87 ( Engulfing Bar) and formed a critical Swing High /rejected and closed below 38.48.
We are currently trading below the crucial 52day low 19.70 , so cautiously looking for a stable level of support to BUY, complimented by key fundamentals.
Also consecutive drops in revenue over the last few quarters.
EQUITAS Long OpportunityEQUITAS Long Opportunity near 51-53 for 60-62 followed by 80-82 and Stop Loss at 46
[$ETH] Playing with Lagging Span on the Chuvashov ModelHello everyone,
We are back now in a range. Times will say if it's accumulation of a distribution one.
Well, the second trendline of Chuvashov model will tell us in fact...
If we are getting over it, I think we can have this kind of scenario showed in the graph.
Otherwise, we will test lower zones. We have also an original impulse starting point between 215€ and 225€.
Those levels ned to be kept in mind just in case :)
Trade safe, Stay Safe,
PEACE!