UnknownUnicorn341544
SPX EOD 29/04/2016 THIS FIBONACCI GRID WAS USED EARLIER TO EXPLAIN RALLY. SAME FIBO GRID NOW I AM FOLLOWING FOR PRESENT FALL ALSO. IF WE LOOK CAREFULLY THEN FALL ON FRIDAY WAS UP TO 200% LEVEL OF FIBO GRID WHICH VALUES 2051. THIS ACTED AS A FIRST SUPPORT. FIBONACCI LEVELS DO HAVE A SIGNIFICANCE ON MARKETS ONLY THING WE NEED TO FIND PROPER FIBO GRID
SPX & SPX 500 SEEMS TO HAVE STARTED BEARISH TREND NEXT LOGICAL SUPPORT IN THE REGION OF 2040 TO 2025.
SPX HAS COME OUT OF CHANNEL ZONE MORE DETAILS ON amgonifty.wordpress.com
NIFTY: I have published same trend line & channel setup still working nicely. Apart from other analysis such as wave or fibbo, proper trend lines & channel setups helps a lot to create trading zones.
SPX500: EOD THIS SEEMS TO BE PROBABLE WAVE COUNT FOR SPX500. FALL FROM 2111 LOOKS TO BE IMPULSIVE & CORRECTION AS "A B C" HAS BEEN TILL 61.8% LEVELS. SO STRUCTURE AS OF NOW SEEMS TO BE BEARISH. OBVIOUSLY ANY MOVE ABOVE 2111 WILL CANCEL THIS WAVE STRUCTURE
SPX: CHANNEL MOVEMENT TRACKED. SO SPX TO SHOW SIGN OF OF WEAKNESS MOVE OUT OF THIS CHANNEL I SUPPOSE. 27/04/2016 WILL BE THE FED'S MOMENT. SO LOT OF VOLATILITY IS EXPECTED.
NIFTY EOD 22/04/2016 : I think I have found exact Fibonacci Grid for Nifty from Budget day rally up till now. I am strong believer in Fibonacci series & always trying to find the relationship when ever I get spare time. We have witnessed tremendous rally from budget to till date & I think this Fibonacci grid exactly explains 100% of this rise. I am astonished...
NIFTY 500 INDIAN 500 SHARES INDEX: MID TERM FIBONACCI GRID FOR CNX 500 INDIAN 500 SHARES INDEX MID TERM FIBONACCI EXTENTION GRID TO EXPLAIN PRESENT RALLY FROM BUDGET DAY.
SPX: FIBONACCI GRID My general observation for SPX. Extension from 1810 to 1931 is plotted. So if we see carefully then this fibo grid tracks mostly all the rally till now.
NIFTY EOD 22/04/2016 : Example of day trading possibility in consolidating markets On the trading day of 22/04/2016 Nifty consolidated in following range with intraday high of 7923 & intraday low of 7874. So in all trading range was 49 points with lots of volatility due to confusion in bulls & bears. Yesterday I have uploaded an article on my site to day trade...
NIFTY THIS IS MY TRADE SETUP SINCE BUDGET. THESE ARE THE CHANNELS & TREND LINES I AM FOLLOWING.
NIFTY CHANNEL TREND LINE TRADE SETUP I AM FOLLOWING FOR MIDTERM ALONG WITH OTHER ANALYSIS
SPX INDEX: WILL 14.6% FIBBO LEVEL ACT AS RESISTANCE ???
EOD 29/03/2016 OVER ALL SHORT SEEMS TO BE WORKING. NIFTY MADE INTRADAY LOW OF 7583 WHICH MATCHES WITH THE FIBBO EXTENSION I HAVE DRAWN FROM NIFTY BUDGET DAY LOW OF 6826 TO 7583 ON 14/03/2016. ALSO SEE RED TREND LINE WHICH I HAVE DRAWN FROM 6826 TO 7405 WAS BROKEN YESTERDAY I.E.28/03/2016. TODAY ALSO NIFTY COULD NOT BOUNCE BACK ABOVE THIS TREND LINE. OVERALL...
EOD 29/03/2016 FOR SPX TREND LINE WHICH WAS BROKEN IS STILL INTACT EVEN AFTER TODAY'S RISE. DUE TO RESTRICTION ON DAY CHART FOR CHANNELING PLEASE SEE DETAIL CHANNEL CHART ON amgonifty.files.wordpress.com
NIFTY MID TERM DAILY CHART On this chart I could only draw angular channel & could show few supports & resistances. But to see the detail chart for angular fibbo analysis please visit or down load in PDF format on following site wordpress.com Please see the mid term chart for nifty carefully. I have plotted a channel in red colour & applied angular fibbo to...
EOD 29/03/2016 NIFTY INTRA DAY LOW OF 7583 MATCHES EXACTLY WITH FIBBO EXTENSION I HAVE USED FROM NIFTY BUDGET DAY LOW OF 6826 TO 7583 ON 14/03/2016. ALSO SEE THE THE RED TREND LINE I HAVE DRAWN JOINING 6826 & 7405. NIFTY ON 28/3/2016 BROKE THIS TREND LINE. TODAY ALSO FAILED TO BOUNCE BACK ABOVE THIS TREND LINE. TREND LINE & CHANNELING CAN HELP TRADING SETUP....
NIFTY EOD 28/03/2016 HIGH WAS 7742 & FROM THOSE LEVELS NIFTY RETRACED NEARLY 150 POINTS TO INTRA DAY LOW OF 7593. FIBBO GRID RESISTANCE ZONE OF 123% SEEMS TO BE WORKING. FOR MORE DETAIL ANALYSIS PLEASE VISIT: wordpress.com