Get started

Sine Wave

NIFTY: Bulls face "Red" Sea.Simple statements are powerful. Sometimes one needs a shake up to understand them. Butterfly's effect is a case in point. There is a reason to compare with birds and butterflies simply because their sense of timing. For the bulls the birds of overbought not just in Index in many counters were chirping, while the narrative was looking for ahead of times. We simply chose to ignore. We preferred any fall is temporary but little we realise, a move that sans correction can cause lot of pain. In simple words, what cannot be digested has to be vomited. A recurring correction is always does lot of good. Last 9 gaps we were denied, now we are rushing to cover some of them. We covered one, printed the three-line bearish engulfing pattern. This is much more bearish than a simple bearish pattern. For the records the next gap fill is around the 21030 and the one thereafter is much deeper around the 20500. Suffice to say the mid Bollinger band is the one to watch which is creeping and currently around the 20680 area. Elsewhere, the red sea is in the news, on reported interruptions to the international trade by the Houthis. This news has been there for some time. The one to watch is Strait of Hormuz. Crude price action fall on the backdrop of rise in inventories is a case in point. Markets were search for the cause of the collapse that ranged many, all were very much in print and electronic media before the start of the day. Only cases of Covid which again reported just an hour into the markets. Clearly too much ownership brought the cards collapse. The fall is ferocious more than 1:9 one rise for every 9 fall. Many counters 5% plus fall. Everything rotates and financial markets are no exception. We typically rotate based on the recent price action in 90-day cycle. The sine cycle of this both matches thus the bigger friction. Ideally this correction which started should last into Jan 10. Let's see how it unfolds. For now 21300 which supposed to have been support now becomes supply zone. While the next gap around 21000 is targeted. Any deeper fall towards 20930-950 is temporary buy zone for move back to 21030. A close below 21000 warns deeper correction.
NSE:NIFTY
by sreebhashyam
sit by myself, talking to da moon pt2🌙𝑏𝑒𝑓𝑜𝑟𝑒 𝑦𝑜𝑢 𝑟𝑒𝑎𝑑 𝑎𝑛𝑦 𝑓𝑢𝑟𝑡𝘩𝑒𝑟, 𝑟𝑒𝑎𝑑 𝑝𝑜𝑠𝑡 #𝟷: --- 𝑤𝑒𝑙𝑐𝑜𝑚𝑒 𝑡𝑜 𝑚𝑦 𝑝𝑎𝑔𝑒, 𝑚𝑦 𝑛𝑎𝑚𝑒 𝑖𝑠 𝑒𝑙𝑜 - 𝑎𝑛𝑑 𝑖 𝑓𝑙𝑜𝑤 𝑤𝑖𝑡𝘩 𝑡𝘩𝑒 𝑤𝑖𝑛𝑑𝑠. 𝑖 𝑑𝑜𝑛'𝑡 𝑟𝑒𝑎𝑙𝑙𝑦 𝑐𝑎𝑟𝑒 𝑤𝘩𝑖𝑐𝘩 𝑤𝑎𝑦 𝑡𝘩𝑒 𝑚𝑎𝑟𝑘𝑒𝑡 𝑔𝑜𝑒𝑠, 𝑖 𝑠𝑖𝑚𝑝𝑙𝑦 𝑖𝑛𝑣𝑒𝑟𝑠𝑒 𝑡𝘩𝑒 𝑑𝑜𝑚𝑖𝑛𝑎𝑛𝑡 𝑠𝑒𝑛𝑡𝑖𝑚𝑒𝑛𝑡 𝑢𝑠𝑖𝑛𝑔 𝑚𝑦 𝑜𝑤𝑛 𝑢𝑛𝑖𝑞𝑢𝑒 𝑠𝑡𝑟𝑎𝑡𝑒𝑔𝑖𝑒𝑠. --- 𝑖𝑛 𝑎𝑢𝑔𝑢𝑠𝑡, 𝑤𝘩𝑒𝑛 𝑒𝑣𝑒𝑟𝑦𝑜𝑛𝑒 𝑡𝘩𝑜𝑢𝑔𝘩𝑡 𝑏𝑡𝑐 𝘩𝑎𝑑 𝑏𝑜𝑡𝑡𝑜𝑚𝑒𝑑, 𝑖 𝑚𝑎𝑑𝑒 𝑐𝑜𝑢𝑛𝑡𝑙𝑒𝑠𝑠 𝑝𝑜𝑠𝑡𝑠 𝑎𝑛𝑑 𝑣𝑖𝑑𝑒𝑜𝑠 𝑤𝑎𝑟𝑛𝑖𝑛𝑔 𝑡𝘩𝑒 𝑤𝑜𝑟𝑙𝑑 𝑎𝑏𝑜𝑢𝑡 𝑤𝘩𝑎𝑡 𝑤𝑎𝑠 𝑡𝑜 𝑐𝑜𝑚𝑒. 𝑠𝑎𝑑 𝑝𝑎𝑟𝑡 𝑖𝑠, 𝑣𝑒𝑟𝑦 𝑓𝑒𝑤 𝑝𝑒𝑜𝑝𝑙𝑒 𝑙𝑖𝑠𝑡𝑒𝑛𝑒𝑑. 𝑛𝑜𝑤 𝑤𝑒'𝑟𝑒 𝘩𝑒𝑟𝑒 𝑖𝑛 𝑑𝑒𝑐𝑒𝑚𝑏𝑒𝑟, 𝑡𝘩𝑒 𝑤𝘩𝑜𝑙𝑒 𝑤𝑜𝑟𝑙𝑑 𝑖𝑠 𝑏𝑒𝑎𝑟𝑖𝑠𝘩 𝑎𝑡 𝑡𝘩𝑒 "𝑏𝑜𝑡𝑡𝑜𝑚", 𝑎𝑛𝑑 𝑖'𝑚 𝑡𝘩𝑟𝑜𝑤𝑖𝑛𝑔 𝑜𝑢𝑡 𝑎 𝑤𝑎𝑟𝑛𝑖𝑛𝑔 𝑎𝑔𝑎𝑖𝑛, >𝑏𝑢𝑡 𝑡𝘩𝑖𝑠 𝑡𝑖𝑚𝑒 𝑡𝑜 𝑡𝘩𝑒 𝑏𝑢𝑙𝑙𝑠 𝑤𝘩𝑜 𝘩𝑎𝑣𝑒 𝑡𝑢𝑟𝑛𝑒𝑑 𝑏𝑒𝑎𝑟. 𝑖 𝑡𝘩𝑖𝑛𝑘 𝑏𝑡𝑐 𝑔𝑜𝑒𝑠 𝑡𝑜 𝑎𝑡𝑙𝑒𝑎𝑠𝑡 𝟸𝟿𝑘 𝑏𝑒𝑓𝑜𝑟𝑒 𝘩𝑒𝑎𝑑𝑖𝑛𝑔 𝑑𝑜𝑤𝑛 𝑡𝑜 𝟼𝑘. --- 𝑡𝘩𝑖𝑠 𝑖𝑠 𝑛𝑜𝑡 𝑓𝑖𝑛𝑎𝑛𝑐𝑖𝑎𝑙 𝑎𝑑𝑣𝑖𝑐𝑒, 𝑖'𝑚 𝑛𝑜𝑡 𝑦𝑜𝑢𝑟 𝑓𝑖𝑛𝑎𝑛𝑐𝑖𝑎𝑙 𝑎𝑑𝑣𝑖𝑠𝑜𝑟. 𝑑𝑜𝑛'𝑡 𝑎𝑠𝑘 𝑚𝑒 𝑤𝘩𝑎𝑡 𝑚𝑦 𝑒𝑛𝑡𝑟𝑦 𝑜𝑟 𝑠𝑡𝑜𝑝 𝑙𝑜𝑠𝑠 𝑖𝑠. --- 𝑚𝑎𝑦 𝑡𝘩𝑒 𝑑𝑑𝑠 𝑏𝑒 𝑖𝑛 𝑦𝑜𝑢𝑟 𝑓𝑎𝑣𝑜𝑟. ♠ --- 𝑒𝑡𝘩𝑒𝑟𝑒𝑢𝑚 𝑝𝑟𝑖𝑚𝑎𝑟𝑦:
by Eloquent
2
BTC Geometric Price and Time projectionThis chart looks at a 200-day dominant cycle of BTC (current DC is actually 185 days peak to peak represented int he Gann Box). Based on this analysis with geometry and gann boxes at the 185-day dominant cycle length, I see a price for BTC at 39K by October. I think this is a very conservative target. That said the geometry of it all cannot be ignored. The 0.25 and 2.5 shows up in multiple places with a perfect 0.33 on the 0.25 Gann Box representing the price axis bringing completion of peak to peak at 185-200 day cycle around 39,000 - 40,000. I could also see a flash dump in the next day or two down to 29,600, but that is the bottom. BTC has moved sideways for the majority of its declining cycle strength which tells me it has strength. Long story short I would not be trading this market and accumulating for the longer-term is probably the best move.
INDEX:BTCUSDLong
by pasenner23
Uj major bearishness ahead?We could really see a major move to the downside with uj here. Going back 69 days from june first low gives me a daily resistance of 142.979 (blue line) and going back 112 hours from the same june 1st low gives us an intraweek resistance of 142.767 approx so this will be my entry. If this reversal is successful then the chances of a breach of the June 1st low is likely and a larger timeframe move to the downside could be in its beginning stages. Good luck.
Short
by armanitrades-mhc
Uptrend continuation on UJ?My timing method suggests that a low should be made for USD/JPY between the 12th to the 19th so this week basically. Looking back 45 1/2 days for a repeat of a price and time projects a daily support level at 137.918. Looking for another high to high time count repeat on a smaller timeframe I am able to calculate an intraweek support at 137.850 so I will set my buy limits here. If reaction is successful, an eventual break of 140.926 will be likely. My conservative exit is at 140.196. BUY LIMIT @ 137.850 STOPLOSS @ 137.560 TAKE PROFIT @ 140.196 GOOD LUCK AND HAPPY TRADING
Long
by armanitrades-mhc
6
EWT: Triple Wave CorrectionNotice the recent highs, they have a need to "mother bar" past the Bollinger Bands to signal a higher swing zone. Elliott wave suggests waves move in five or three movement waves, I see two correction waves...the third should happen. In the recent median, the MAMA/FAMA remains open during the attempted bear move. The volume accumulated denoting support. It is not a big price movement for a third wave but it could yield 19% quickly on this trade. Strike the hammer to a third wave higher swing?
SP:SPX
by privatepizza111
Crude oil continues to fall, where will it stop?After the recent bankruptcy of Bank of America, the pessimism of global investors lingered, and the increase in API crude oil inventories was greater than expected. It is expected that oil prices will still be at risk of further decline in the future. In the trend of crude oil, the short-term decline continued during the day. The current lowest point during the day reached near 69.82, which broke the support near 70.09 at the bottom of the shock box for the past four months since December 9, and fell below the 70 integer mark, which means that oil prices have broken the shock trend for the past four months and have the possibility of accelerating the decline. Once it is established that the fall below the 70 mark is effective, further strong support refers to the low of 66.15 on December 20, 2021 and the low of 62.46 on December 2. Near the position. In addition, this trading day also needs to focus on the EIA crude oil inventory series data and the IEA monthly crude oil market report. In order to facilitate everyone to continue to follow up on my analysis and sharing, you can like and follow me.
TVC:USOILShort
by Short-term-king
4
spx 12-15 [evening update\ alternative]good evening, what a week right? got an alternative setup right here --- take a look at this pitchfork pull from ath 👇 it does seem like we're attempting to back-test it from above, after a successful break-out. some bullish divergence is present. --- take a look at the us dollar, which is playing out a 4th wave right now, of the 5 wave sequence to the downside 👇 --- could it be possible that we're still in a wave 4 of the 5 wave sequence? yep, it is possible - just less probable than the top being in locally. it would be quite outrageous if we did end up expanding up to 4300 into the end of this year, so expect the unexpected. --- downside target on this smaller e.f at 3860~3840. ✌
CME_MINI:ES1!
by Eloquent
7
o' man o' man.if i'm right about this, so many people are going to so devastated. most market participants are already completely and utterly distraught, this rally could just simply set them over the edge. --- i'm theorizing a full blown rally in the months ahead, right into april \ may. --- russel200 expanded flat target sits right a the 1.75 algo, which is roughly at $2392 --- please don't treat this as financial advice. consult your financial advisor before making any decisions in this market.
CME_MINI:RTY1!Long
by Eloquent
btc 11-26 updategm --- i've been trying to figure out a way to finish the count at 13\14k, but the structure just simply will not let me. so i'm proposing an expanded w5 to finish the count between 11~7k. that might seem low to some people, but when you zoom out - it's just a little ripple in the ocean. --- the final capitulation phase in crypto generally see's the hash-rate crash through the ground, the weaker btc miners go insolvent, and most of the major players who were not prepared for this \ who were over-leveraged, simply just fall off the grid. it can be easily avoided, by not being in the market at this time. --- ps. i could be wrong about the bear case - so refer to the bull case if you're on the other side. 👇 --- and if you've made it this far, just know that it's always darkest before dawn. 👇 🔺
by Eloquent
5
oil 11-24 update.good evening, --- remember in my last oil post when i called the top? there was some really salty humans in the comment section who were most likely bag holders from the absolute peak of the bull run. this is an update for them. --- last post: --- i feel like oil has entered into a quatervois here, which is basically "crossroad" in french. currently seeing two potential trajectories: 1. -oil runs up to 100ish through an expanded flat (green targets most probable, grey are weak, and red is unlikely, but always possible). -after which, a swift downturn to my $57 target from the original post. 2. -oil simply see's a dead-cat bounce, creates another hidden bearish divergence, and rolls over yet again - continuing it's bearish trajectory to my original target. --- all paths lead down there, potentially even deeper - but the question as always is: which path's it gonna take? ps. no offense to all the people who talk smack on my posts, you're always welcome if you have a proper argument. just keep in mind, "fundamentals, is not a proper argument".
OANDA:WTICOUSD
by Eloquent
2