GIFT - NIFTY AT Swap Flag LimtGIFT made a bearish swap FL and engulfed major PAZs Currently price at swap level with trendline resistance and Weekly resistance .
Most probably it will fall and make new low.
Will be invalid ONLY if make new HH
Ls
BTCUSD MAKE OR BREAK MOMENT BTC has been very fun to scalp in this flag pattern over the last few weeks. But we are getting really close to a moment of make or break.
I like to keep my technical analysis really simple, using basic techniques such as price action, trend-lines, and zones of support and resistance (S&R).
As the analysis clearly illustrates, we can see a 50/50 scenario here. A break and strong close above the top resistance, and breaching the bullish flag, will most likely bring BTC close to the $30k price range. On the opposite side, if we break below our support and fall under the long-term trend-line, then the price of BTC will likely drop close to the $22k range.
The next week or two will be fundamental for what's to come in the next few months for cryptocurrency.
Please note that the advice you receive about cryptocurrency should always be taken as guidance and not as definitive instructions on what to do. Investing in cryptocurrency, like any other type of investment, involves risks, including the loss of capital. Always conduct your own research and consult with a financial advisor before making investment decisions.
TVSMOTOR near to demand on left shoulderTVSNOTORS broken MS and retrurned to demand for collecting pending orders. Demand is aligned with LS. A very potential setup with good RR trade
Is Lumber Signalling Bad News for US Manufacturing?Lumber is highly correlated to the ISM manufacturing index (or vice versa?). Nevertheless, the weakness in lumber prices is corresponding with the softening manufacturing data, although manufacturing data from Markit suggest manufacturing is weaker than ISM reports. New orders index collapsed from Nov/Dec 66 to 57. Prices have noticeably declined, too.
Anyways, price action is nestled so snugly on price action support at $310.XX, while support was found on the uptrend channel support. This also aligned with a small asymmetrical triangle.
A close below these levels, prices are likely to sell-off to $278, while $268 remains a possibility on weakening economic data.
However, a rally from these levels could push prices to $326.
