Candle Momentum Exhaustion🚀 Candle Momentum Exhaustion Indicator – Spotting Market Reversals Like a Pro!
🔥 Live in Action! Our Candle Momentum Exhaustion Indicator is pr oving its strength in identifying key exhaustion points in the market. Using a black candle fill to highlight exhaustion areas, the indicator successfully detects when momentum weakens, signaling potential reversals with high accuracy.
📊 Key Features & Observations:
✅ Precision Exhaustion Signals – Captures exhaustion points before reversals, helping traders make informed entries & exits.
✅ Works Across Market Conditions – Whether in a strong trend or sideways movement, it adapts dynamically.
✅ Volume Confirmation – Signals align well with increasing/decreasing volume, adding credibility.
✅ Enhanced Visuals – The black-filled exhaustion candles make it easier to spot momentum weakness at a glance!
🔍 How It’s Performing in Nifty 50:
📌 Recent market structure shows consistent accuracy, with exhaustion points appearing at peaks & dips before trend shifts.
📌 Strong signal clusters near resistance zones indicate potential profit booking areas for traders.
📌 Support areas see exhaustion candles aligning with buying interest, helping catch potential reversals early.
🚀 Conclusion:
This indicator is proving to be an essential tool for traders looking to catch momentum exhaustion before price reverses. With strong visual cues and volume correlation, it’s a game-changer for intraday and swing trading!
💬 How are you using the Candle Momentum Exhaustion Indicator? Drop your feedback below! 👇
Tradetechanalysis
BANKNIFTY Potential price actionI mentioned the significance of the green lines visible on the chart, which represent key levels. Specifically, I highlighted yesterday’s low and explained that if the price breaks below this level, it could undercut the previous support at 48,074.
As we can see, both levels were breached with a gap down. However, the price has been recovering since then and continues to do so. Currently, the level around 48,300 appears to act as a resistance. If the price manages to break above this level, it could signal bullish momentum, with potential targets at 48,800 and 49,000.
On the downside, the price will only turn bearish if it breaks below 47,841, which is a critical support level for now. Let’s monitor how the price behaves during the rest of today’s session or tomorrow to get a clearer picture of the market’s direction.