Harmonicsignals
Why stocks will fall tonight (AUDUSD Trade Analysis)The markets have been taking a hammering but there has been some recovery today. Based on technical analysis, this will not last and it will fall tonight.
We are seeing a sell pattern in AUDUSD. This pair is correlating to the stock market and when it falls so does stocks. The last time we sold this resulted in a 300 pips run!
The same pattern is appearing on major stock indexes, so I am expecting a further drop based on my 2 analysis done on DJIA and S&P.
RelianceHello and welcome to this analysis on RELIANCE INDUSTRIES
On April 29, 2022 it completed the formation of a Bearish Harmonic Alt Shark Pattern indicating a reversal in the daily time frame.
Currently it has completed 50% of that retracement and formed a Bullish Harmonic Alt Shark in the Hourly time frame suggesting a probable bounce from here.
A pullback of this Bullish Harmonic Pattern could probably take it to 2600-2650. Pattern will remain valid till price is above 2435.
Harmonic Patterns are based on Patterns which come inline with specific ratios for reversal trade set ups.
ETHUSDT ShortTime Frame: 4H
Symbol: ETHUSDT
Entry: 2444.36
TP: 2063.04
SL: 2749.41
Bias: Short
For ETHUSDT our core attention is for sell. No matter what the experts say. At the end of the day the technical facts of the market reveals the truth and from a rigorous study of technicalities, our stand is for a sell opportunity.
Why we are selling AUDUSD now The pair is really bearish but has had some movement upwards. It has reached strong resistance now and it losing steam on M15.
Stops are about 40 pips above 0.7125.
We also noticed that SPX, NAS and DJIA are showing similar weakness so expecting this to happen later tonight. When markets fall, AUD, NZD tend to weaken.