Fall from the highs of 1097 to 1012 was quite impulsive & was an awesome trade, which was anticipated 7-8 days in advance on 4th Jan2017 in the update- "Excitement to start above or close to 1100"
Now from 1012 it was up down up move finishing set of correction & retraces 50% of the fall 1097 to 1012 in the zone 1054-1055 along with possible double top- which is not confirmed yet & will do so if it moves below 1045 & sustains below that level.
Trading Strategy
We will wait for market confirmation & price rejection in the zone 1050-1055 as the indication that it wants to move down & shall confirm if sustains below 1045.
Safe Traders- can sell below 1020-mini bottom for targets in the zone 915-925 zone.
Be ready with your fishing net could be a big fish -reliance industries- fry it or eat it raw -its your wish but let the fish die.
You would love to read my previous analysis
B- Wave Triangle with key resistance@1145
Wave Power- Magic of Cardinal Rule- Market proved me wrong
Above 1070 for 1085-1090
Excitement to start above or close to 1100- Wow! The excitement started from 1097
Now from 1012 it was up down up move finishing set of correction & retraces 50% of the fall 1097 to 1012 in the zone 1054-1055 along with possible double top- which is not confirmed yet & will do so if it moves below 1045 & sustains below that level.
Trading Strategy
We will wait for market confirmation & price rejection in the zone 1050-1055 as the indication that it wants to move down & shall confirm if sustains below 1045.
Safe Traders- can sell below 1020-mini bottom for targets in the zone 915-925 zone.
Be ready with your fishing net could be a big fish -reliance industries- fry it or eat it raw -its your wish but let the fish die.
You would love to read my previous analysis
B- Wave Triangle with key resistance@1145
Wave Power- Magic of Cardinal Rule- Market proved me wrong
Above 1070 for 1085-1090
Excitement to start above or close to 1100- Wow! The excitement started from 1097
Trade fechado manualmente:
11:34 Hrs 20th Feb2017
Last Price@375
We should be careful below 1065 lows in present situation-closing this post as we did not get the move below 1045 as suggested above in the post for us to take sell.
Last Price@375
We should be careful below 1065 lows in present situation-closing this post as we did not get the move below 1045 as suggested above in the post for us to take sell.
Comentário:
Sorry - price typing error- "1075"
Best Regards,
Abhishek H. Singh
Growth Director - TradingView India
YouTube Channel www.youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
twitter.com/TalksWave
Telegram Handle
(Deleted)
Abhishek H. Singh
Growth Director - TradingView India
YouTube Channel www.youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
twitter.com/TalksWave
Telegram Handle
(Deleted)