BANKNIFTY Strategy for 21st November, 2020Higher Time Frame Analysis -
4 HR - Clear channel formed
Major Trendline Broken - In effect from 13 November, 2020
1 HR - 30584 acting as dynamic support
For a gap up opening - Clear no trade zone between 30800-30940, long only above this channel
For a flat opening - 30615-30580 as support, and short below it till the lower end of the 15 min trendline
For gap down opening - Clear no trade zone - 30435-30360, and short below these levels
Bias towards a neutral to negative market due to the breakdown of the 4HR trendline and entering a narrow channel
HAPPY TRADING!
Algotrading
Buy Signal: 215.05Stop: 205.00
Model range play back toward highs.
Ingenuity Trading Model is an algorithm used in- Stock, Forex, Futures, and Crypto markets. The model is a Geometric Markov Model: Our model focuses on the transitions between 3 geometric states- Range, Continuation, and Reversal
In probability theory, a Markov model is a stochastic model used to predict randomly changing systems. Markov Models are used in all aspects of life from Google search to daily weather forecast. The randomly changing systems we focus on are the equity, futures, and forex markets. The geometric element of the model is the fractal sine wave structure you can find on any chart you look at across any market and across all time dimensions.
For questions or more information feel free to contact me in the comment section or via private chat. To view the entire portfolio and track our performance visit our site.
Buy Signal: 196.50 Stop: 189.00
Model picking up a continuation signal out of the previous range state.
Ingenuity Trading Model is an algorithm used in- Stock, Forex, Futures, and Crypto markets. The model is a Geometric Markov Model :Our model focuses on the transitions between 3 geometric states- Range, Continuation, and Reversal
In probability theory, a Markov model is a stochastic model used to predict randomly changing systems. Markov Models are used in all aspects of life from Google search to daily weather forecast. The randomly changing systems we focus on are the equity, futures, and forex markets. The geometric element of the model is the fractal sine wave structure you can find on any chart you look at across any market and across all time dimensions.
For questions or more information feel free to contact me in the comment section or via private chat. To view the entire portfolio and track our performance visit our site.
Buy Signal: 21.80Stop: 21.00
Model picking up a potential reversal signal. Hoping for the 25.00 area
Ingenuity Trading Model is an algorithm used in- Stock, Forex, Futures, and Crypto markets. The model is a Geometric Markov Model : Focuses on reversal and continuation wave structures
In probability theory, a Markov model is a stochastic model used to predict randomly changing systems. Markov Models are used in all aspects of life from Google search to daily weather forecast. The randomly changing systems we focus on are the equity, futures, and forex markets. The geometric element of the model is the fractal sine wave structure you can find on any chart you look at across any market and across all time dimensions.
Our model focuses on the current sine wave formation (current state)- geometric price formation along with its volume and volatility over a given time period and using that information to predict the future state- future price movement. For questions or more information feel free to contact me in the comment section or via private chat
ALGO.USDT (Y20.P5.E1.v2).One of the good onesHi All,
This is a continuation from the previous post, link below.
OBSERVATIONS:
> Structure and momentum after the bounce
> Fib levels
> Previous fractal
> Bullish indicators on the daily
Just seems to be winding up for a 1, 2, 3 impulse.
How to trade this?
Buy either at the buy zone below otherwise, wait for it to break the micro formation and daily closes above the daily resistance.
All the best,
Regards,
S.SAri
DAILY Chart
4 HRLY Chart
WEEKLY Chart
Buy Signal: 50.77Stop: 48.00
Looking for a continuation trade toward highs and would be invalidated below 48.00
BANKNIFTY View for 16th December, 2020 Higher TF Analysis -
4 Hr - Clear inside Candle formation
1 Hr - New Support of 30524 added (pivot)
30406 works as dynamic support
Lower TF analysis -
15 min - Narrowing of price
No trade until the 15 min channel breakout/breakdown.
If breaking the upside then T1 of 30810
If breaking the downside then T1 of 30406 and T2 of 30278
Is the run for Amazon over?Surprisingly amazon has been a poor performer in the portfolio. FAANG overall has underperformed the rest of the market since September. In a weird way this might be a positive for the overall market if the rotation continues. As long as amzn doesn't get below 2900 we will continue to hold hoping for this giant continues to move higher even if it doesn't see gains of the past.