The Current State of Markets. A Thread.
A. #CrudeOil
Crude Oil is making an Inverse Head & Shoulders at the bottom, with its Neckline having a confluence with the declining Trendline as well. A crossover, which has higher odds, can give it a spurt to 7600+
Crude Oil is making an Inverse Head & Shoulders at the bottom, with its Neckline having a confluence with the declining Trendline as well. A crossover, which has higher odds, can give it a spurt to 7600+
B. #Gold INR
Gold is already sitting on an All Time High with the breakout on Weekly Charts. Though there's an exhaustion building in, I see a possibility of, at best, sideways consolidation with upward continuation thereafter.
Gold is already sitting on an All Time High with the breakout on Weekly Charts. Though there's an exhaustion building in, I see a possibility of, at best, sideways consolidation with upward continuation thereafter.
C. #USDINR
Broken the rising Trendline and in a descending channel as well. Let's see the price action at the lower end of the channel next.
Broken the rising Trendline and in a descending channel as well. Let's see the price action at the lower end of the channel next.
D. #DowJones
In a sideways consolidation and the descending channel from December Highs. Over to the shaded Support Zone.
In a sideways consolidation and the descending channel from December Highs. Over to the shaded Support Zone.
E. #NIFTY
The sideways consolidation happening within the rectangle could be a Bear Flag & that it's making Lower Highs even within that could be a Descending Triangle under formation. This would gain clarity only on the breakout/breakdown though & must be traded only then.
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The sideways consolidation happening within the rectangle could be a Bear Flag & that it's making Lower Highs even within that could be a Descending Triangle under formation. This would gain clarity only on the breakout/breakdown though & must be traded only then.
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