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Altshark

NiftyHello and welcome to this analysis Nifty today activated not one but two bearish reversal signals. First it activated a Bearish Harmonic Alt Shark (double confirmation if price sustains below 18350) for suggested downside levels of 17750/17250. This pattern would be considered negated above 18575. Second it coincided with an Ichimoku Price and Time axis equilibrium date - (double confirmation if price sustains below 18360. The reversal as per Ichimoku will become invalid if a daily candle close occurs above 18450. Downside targets for Ichimoku are also similar to Harmonic ones. Use the dips / correction to add stocks, corrections are healthy and a good opportunity to invest in growth stocks.
NSE:NIFTYShort
by Dinesh_C_Nagpal
2
BANKNIFTYHello and welcome to this analysis Bank Nifty after a stupendous run has reversed from a Bearish Harmonic Alt Shark suggesting a probable 38-50 Fibonacci retracement of the entire run since mid June. Harmonic patterns are formed when structures synergize with Fibonacci ratios thereby giving higher probabilities of reversal confirmations. This view will be valid till SPOT does not break above 39850 Risk Reward appears to be very good for a bearish trade.
NSE:BANKNIFTYShort
by Dinesh_C_Nagpal
1
Muthoot FinanceHello and welcome to this analysis on MUTHOOT FINANCE cmp 1130 After peaking out in NOV 2021 it gave a Head & Shoulder breakdown in JAN 2022 which lead to a Bearish Alt ABCD 1.6x breakdown. Now after completing its Bearish Alt ABCD it has reversed with a Bullish Harmonic Alt Shark with a Long Legged Doji candle and a Positive RSI Divergence. It could bounce back to 1200 (initial target) to 1275 where it might retest the falling trend line. The pattern would be considered invalid below 1070
NSE:MUTHOOTFINLong
by Dinesh_C_Nagpal
2
RelianceHello and welcome to this analysis on RELIANCE INDUSTRIES On April 29, 2022 it completed the formation of a Bearish Harmonic Alt Shark Pattern indicating a reversal in the daily time frame. Currently it has completed 50% of that retracement and formed a Bullish Harmonic Alt Shark in the Hourly time frame suggesting a probable bounce from here. A pullback of this Bullish Harmonic Pattern could probably take it to 2600-2650. Pattern will remain valid till price is above 2435. Harmonic Patterns are based on Patterns which come inline with specific ratios for reversal trade set ups.
NSE:RELIANCELong
by Dinesh_C_Nagpal
2
EURUSD 1h - Alt sharkHello. Sorry if I couldn't share this idea sooner, I was busy trading and having some quality time for myself. now back to chart. As you can see on the chart, you can see the alt shark pattern is complete. hence, for the ABCD legs, there was a "3 drive" pattern so it all added up. the target levels are all mentioned on the chart, but in my opinion, the real target is 1.1290 to complete a possible bullish shark pattern and a bullish navarro200 pattern. but for being cautious we can trade whenever a support level is broken. Be aware of BOC press conference, because there may be a dovish statement and that would be good for USD so that'll help the pattern I predicted to come true.
Short
by Veortex
AdEx ... Decide yourselfHi everyone! Let's do a quick view of AdEx. Seems that "market" in general is gonna have a fast bullrun (hours-days-few weeks.. but not more than that) and than correct itself to reach lowers levels.... In this case is draw like a posible AltShark or maybe a Nen-Star... As always, our positive scenario is guided by the green path... and the negative one could reach in the better case only the 0.236 red fib level. This is just for educational uses. If you like my ideas, please hit Like, leave a comment, share them and follow me for more! GoodTrade -CJ-
Long
by CristoJaraba
1