Risngwedge
MSFT continuation wedge (bearish)This is a Continuation Wedge Pattern, Medium-term Bearish. The inbound duration took about 64 days.
the expected pattern duration *from the break of the wedge*, is roughly 22 days. with a target price anywhere around that 200 area. say 199 - 207
i dont want to keep boring you soo, i hoped you enjoyed this, and if you did could you kindly smash like!
Happy Christmas and hope have a wonderful new year. thanks for reading. thats all from me, Happy Trading my friends.
Same Boring Concept Here we can see again a beautiful trade coming up.
Keypoints;
- Rising Wege in the 4H time frame
- Rejection coming from top and selling pressure on the wicks.
- Almost near to supply but maybe rejected earlier.
- To touch the trendline.
Simple concept, good risk management and let's rock it together.
SAIL: Delivery (22.77%) | #NIFTYMETALNSE:SAIL
Overview:
Sail delivery trade- BUY(102) | Sell(122)
Fundamental:
NiftyMetal has already been declined by 8.5% which result into bearish momentum.
Now it has been anticipated the metal stocks are going further down due to contraction in Tangshan steel production which effect the Metal industry and likely construction prices are hiked and stay in pressure in the whole month JUNE,2021
However Manufacturing PMI of may,2021 has been declined by (9%) and the upcoming service PMI that will be announced on this Thursday will come out with poor numbers as Unemployment rate has been double from April Fiscal year (2020).
Technical:
Rising wedge from bearish 4H trend is come out with low volume which is against the harmonics of Rising wedge.
Sail is high BETA stock with 1.20B as compare to Index NIFTYMETAL...
Structure-
(Short) Short the market is unethical from the perspective of a Investor
Breakout: @116.17
Retest: @116.17-@119
Entry: @115
Exit: @101.25 (minimum) @95 (maximum)
(Long)
Breakout: @100 from @95 pullback
Entry: @102
Exit: @122.60 (minimum) @143 (maximum: Long term only)
Recently SAIL have received a order for constructing the advance Railway tracks that should be more balanced than china high-speed bullet tracks...Closure of agreement of net-settlement amount has not been confirmed yet.
DAX Rising Wedge - Sell DAX is currently struggling to penetrate the resistance area in purple. It is also forming a Rising Wedge on the way up which indicates a possible drop to the levels between 10 700 and 10 500
Key level - 11 063 - Sell if broken
Good Luck
audusd short setupDaily chat is showing descending channel being made. Going on a lower timeframe, price respected resistance zone 3 times which is a triple top at best. Going on the 15min for entry, I see price also made a rising wedge + 3 minor triple tops as well so this has me believing that price will go lower.