Bearish Shark
Bajaj finance a conditional sell candidateBajaj finance :-
Darvax box consolidation are peak levels,
Rising Wedge pattern,,
Bearish harmonic Shark pattern fomation,
Bearish divergence on RSI indicator,,
50% Time and Price retracement,,
Breaking below 3190 which is support as per darvas box and also trend line support of rising wedge pattern,, and sustain would lead to fast and furious fall,, for 10-15-20%,, view gets negated above recent high on closing basis,,,
USDJPY-Weekly Market Analysis-Jul20,Wk3Seldom I post a weekly market analysis on a 15-mins chart, but this is important. As the market didn't break and close above 107.87 on the daily chart, I'm waiting for a shorting opportunity.
On the 1-hourly chart, we only have a sell-zone and M15 we have a bearish shark. I'm waiting for a candle confirmation to engage the trade for a shorting opportunity.
SPX: Nenstar inside Cypher: Double SharkWe got a big 'W' which is Bearish. The right arm of W is lower than the left was; it is a Cypher.
The Nenstar inside the Cyper was a smaller formation with a larger right arm than left; hence, Nenstar.
Both Shark patterns; both 'W's and both Bearish. Get ready to Fill My Gap!!
This is not trading advice and should be taken with a grain or even a full shaker of salt; trade at your own risk, GLTA!
SPX in EW 2 of Impulsive Shark DT after Island Top ReversalUp TL broken; DT in progress, Bear Rally = EW 2; Chart details suffice IMO; Shark Nenstar is in play, Tar 2498-2530;
Res Ipse Loquitur!
EW Projections are Estimates based on most common occurring Fibos;
This is NOT investment advice; trade at your own risk; GLTA!!
Ref: JJ Murphy, Fig 4.10A, p. 72 (TL Rejection) and EW Chapter Theory:
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Ref: EW Leg common Fibos, ref chart: "Characteristics of Waves":
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GBPUSD-Weekly Market Analysis-Jun20,Wk3GBPUSD on the higher timeframe on the daily chart, it is a bearish trend, right not the setup is at its the perfect shorting opportunity.
There are 3 opportunities to short this pair.
1. Within the sell zone(red box) there is a shorting opportunity
2. Personally, I preferred to short on the bearish shark setup on the 1-hourly chart
3. The head and shoulders on the 4-hourly chart for a shorting opportunity.
It is a pair I'm going to watch closely for the next trading opportunity.
NZDJPY - Bearish SharkAfter the bearish shark confirmation through the bearish engulfing candle, I'm waiting for a check-back on the daily chart(left); on the 4-hourly chart(right) to engage the trade.
Most likely this will be a trade for tomorrow for people who are living around the (+8GMT) timezone.
NZDJPY - Bearish SharkAfter the bearish shark confirmation through the bearish engulfing candle, I'm waiting for a check-back on the daily chart(left); on the 4-hourly chart(right) to engage the trade.
Most likely this will be a trade for tomorrow for people who are living around the (+8GMT) timezone.
Trade Ideas Position: EURUSD SharkA bearish shark pattern has formed on the 1-hourly chart, it is not convincing for me to engage the trade reason being of the consolidation area and both oscillators are not congruent, however, the 4-hourly chart looks good as a double-top, I'll need a confirmation candle to engage it.
Now, why is that so?
The overall bias I have on this trade is bullish on both the 1-hourly and 4-hourly chart, other than the chart patterns and filters there is no other clue suggesting a shorting opportunity, however, it is true that all trending movement, there is a retracement and the earnings for the retracement can be good.