Market Overview: Nifty 50 Futures Nifty 50 futures strong leg up on the weekly chart near an all-time high. This week Nifty 50 again gave a bull close and continues the bull micro channel (6-bar bull micro channel). As the current bull leg is very strong there are very high chances that market would get […]
Nifty 50 Futures ioi Pattern
Market Overview: Nifty 50 Futures Nifty 50 futures ioi pattern (inside-outside-inside bar) formed on the monthly chart. The market gave a strong bull close but is currently near the trading range top, so traders would wait for a good follow-through bar (or breakout) before taking any position. The Nifty 50 on the weekly chart gave […]
Nifty 50 Futures Expanding Triangle
Market Overview: Nifty 50 Futures Nifty 50 futures expanding triangle on the weekly chart, the market formed a bear bar after 4 weeks. Bulls expect one more leg up before any reversal, but bulls can book some profits as an expanding triangle top. Nifty 50 on daily chart forming minor wedge top which has a […]
Nifty 50 futures consecutive bear bars closing near low
Market Overview: Nifty 50 Futures Nifty 50 futures consecutive bear bars formed on weekly chart closing near their lows, and also near measured move target shown in the weekly chart below. Nifty 50 on the daily chart forming micro double bottom just above March month low and also making a wedge bottom so possible reversal expected. […]
Nifty 50 futures positive gap acting like magnet
Market Overview: Nifty 50 Futures The Nifty 50 futures positive gap acting like magnet with market still being in an expanding triangle, but started with a new bear channel in the daily charts, finally market gave a breakdown of a wedge. Nifty 50 futures The Weekly Nifty 50 chart General Discussion Increasing bearishness near the […]
Nifty 50 futures measuring gap near triangle top
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 […]
