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BANKNIFTY analogy for 21-24th Nov: Required a Reverse CorrectionBANKNIFTY Pre-analysis:::::::::::: Overall Structure : Sideway Index Components : Neutral Correlation FGI Sentiments : Bullish; Indian 61↑ & Global 62↓ FII /DII Status : Neutral in Cash Market & Derivatives (With Combined OI) Insider Data : Neutral, PCR: 0.87↓, IVP: 0.4↓, Low IV: 14.78↓, VIX: 14.39↓ (23/29)↓ ↑Upper Level : 42600, 42750, 42850, 43000, 43100. ↓Lower Level : 42230, 42100, 41950, 41800, 41600. Market Opening(*Expected ORB): Flat/Gapup Activity: Long Buildup/Short Buildup Conclusion: From above the nutshell, Showing Derivative data was neutral and sentiment is still bullish . Here Global market indicates negative sign whereas the Asian market shows negative. Observed VIX is continued to drop towards #12 by forming lower top lower button and Bond yield shows neutral too. It's probability of a short correction(L-41500) for bullish impulse(L-44000). Have a Happy & Safe Trading! (Data source@21:00 IST)*** ___________________________________ ***Note: Identify the B/S zone, Follow the trend direction with strong confirmation. Factor Impacts: High Inflation and Interest rate hikes, Operating margin declines, Employment risks, GST Rate Hikes. Nothing works 100% of the market. It depends on 50% weightage of technical chart, 25% to OI, and 25% to FII data. We rigorously tested the strategy and is 88% accurate. This strategy is for knowledge point of view only & is subjected to market risk.
NSE:BANKNIFTY
by ceogbs89
1
BTC Short Once More Before Big Up Move Hi traders: Similar like ETH, I do see BTC is likely to make another short term down move, to complete the bigger structure on the higher time frames, and resuming the bullish trend. Price is currently within a consolidation after a bearish move down. ITs likely this can be a lower time frame, bearish correction to give the price one more move down, to the previous lows on the higher time frame. The completion of the move will create a larger, higher time frame structure that can potentially resuming the bullish up move from 2020. So watch for the price to confirm another short term down move, and wait for bullish reversal price action on the lower time frame to continue the bullish trend and bigger picture. thank you
BITSTAMP:BTCUSD
by jojofang0901
37
EurUsd Daily Price ActionHello everyone, What I bring today is my technical analysis on the forex eurusd pair. After a buy bias for more than a year the eurusd asset as done a correction witch is very common. But the price behavior makes me believe it will reach new lower lows, with a resistance on the 1.1940 levels and TP on the 1.1190 level witch also represents the 61.80 Fibonacci level. This market analysis is just a investment idea, the same shouldn't be taken as a financial counseling without risk envolved. CFD´s are very complex financial products that can result on the loss of most capital invested.
Short
by UnknownUnicorn1383471