Falling
Nifty from 11 June 2020As expected .. market falling in to fill the gap remaining ..macd and rsi will also show falling market if it falls another 20 points ... it will re-bounce after touching the 9450 level. the fib is a custom made for the market..
-> short position can be taken buy selling OTM calls for the next week ...
-> buy only if nifty crosses 10330 level else short each day
GBPAUD At Breakout Point.GBPAUD is trading in falling wedge pattern. It is very near to breakout from that pattern. One can initiate the trade on breakout side for long term with a stop loss, as pair which is very much volatile.
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EURCAD Short Side TradeEURCAD is trading in a falling wedge pattern and that too at a resistance level of the falling wedge. One can trade on the short side for a few pips on the downside side in EURCAD. Target will be the support line of the falling wedge.
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USOIL: Doesn't look great, 74% drop, expiration tomorrowI don't trade WTI crude oil, but this drop is tremendous: from $18 to $4.8 for one day and lowest in 4 decades, just wow.
Tomorrow is the expiration of futures.
When pullback?
Hit the "LIKE" button and follow to support, thank you.
Information is just for educational purposes, never financial advice. Always do your own research.
VIX on watch for double bottom @ 37 within falling wedgeWatching to see if VIX holds a double bottom. Wedges very often end on double bottoms or double tops (as per a riding wedge).
Only using this as a tool to calculate general market sentiment, no positioning for me directly within volatility products currently.
Thank you.
EURO/DOLLAR GOING DOWN : YOU MAY GO SHORT👇, BUT BE CARAFUL✊🏿😘😍🥰HELLO, DEAR 👋👋👋
How are you doing?
I managed to gain a few kg, trading's so nervous, isn't it? 🤑🤩haha...
As for the dollar, I see, that it's trying to fixed after forming of the head and shoulders.
IMHO, we can expect a falldown. I advise short, but be careful. first goal 1.092!!!! After that, is better to put stoploss.
🌹Remember, the main thing is not to be greedy!🌹
Be successful, I believe in you!
Stay with me, be positive)
Yours, RocketBomb
IS OIL BOTTOMING HERE?Hey traders, kindly support the idea push the like button, share and comment below.
Here we can see prices formed falling channel with RSI divergence on Daily, 4-hours and 1-hour chart, also we can see potential double bottom, this could be signs that oil is stabilizing here and possibly going higher
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Disclaimer: This information is not a recommendation to buy or sell. It is to be used for educational purposes only**
Falling Wedge Nasdaq 100I interpret a Falling Wedge which is per se documented as a bullish Pattern. It could be a reversal Pattern here to give a bullish correction to the last Days / Weeks of Sell Off.
For a potent move though we would need to see an increasing amount of volume when the Breakout occurs.
Also be careful and watch the bottom support line closely if we break this line downwards it could be also a very potent move but this time downwards, because its a significant support line that held up several times already.
Wait for a confirmed breakout up or down, this can take a couple of more Days!
Good luck and dont take too much Risk!
Disclaimer: I have no Idea what im talking about, dont listen to me!