Market Overview: Nifty 50 futures Nifty 50 futures measuring gap near 17900 with a weak bull bar at the top of an expanding triangle, and overall NIFTY 50 remained up by 1% this week. Nifty 50 futures The Weekly Nifty 50 chart Deeper into the price action Last few bars have been closing near their […]
Emini Expanding Triangle Top ahead of July FOMC announcement
Trading Update: Wednesday July 28, 2021 Emini pre-open market analysis Emini daily chart Yesterday was a bear day after a strong 5-day rally to a new high. There is now a reversal down from an expanding triangle top. That is a major trend reversal pattern. When the context and sell signal bar are good, there […]
Emini bear expanding triangle
The 5 minute Emini had an Expanding Triangle and many Major Trend Reversals this week. The Emini continues to form lower highs and lows on the daily chart and now is just above the bottom of the wedge top. It is in a bear trend, which might fall much further or end up as simply […]
