Price pattern Analysis. Deciphering the market direction, that's influenced by a billion participants, can be enjoyable/challenging, so trust ONLY YOUR judgment
BREAKING: The Federal Reserve has cut interest rates by 50 basis points in their first rate cut since March 2020.
This officially marks the most surprising Fed decision since 2009.
@zerodha The privacy of our data is paramount. Hope no one gets access to that (except IT or SEBI). By disallowing incentive to the referrer, trust they won't know the number of trades one makes. Likewise privacy of trade data.
SP500 hits 'C' (within margin of error)
If the Harmonic Shark formation(XABCD) is on, the SP500 hits 'D' 1831
If AB=CD pattern(XABC) is on, SP500 can fall to
4817 (OK🙂) mark A (Probability 77%) or
3487 (Oops😮) mark B (Probability 66%) or
1831 (OMG 😱) mark D (Probability 22%)
The range 4989 - 5626 is a reversal zone.
A Harmonic Shark formation completes, if the SP500 goes to 'D'.
The overall odds of this happening is even.
The odds of leveling to 4817 (A) is 77%, 3487 (B) is 66% and 1831 (D) is 22%.
XABC is also an AB=CD pattern.
CrowdStrike founder and CEO @George_Kurtz addresses when systems should be back up and running and says that the outage was “not a cyberattack. It was related to (a) content update.”
The range 4989 - 5626 is a reversal zone.
A Harmonic Shark formation completes, if the SP500 goes to 'D'.
The overall odds of this happening is even.
The odds of leveling to 4817 (A) is 77%, 3487 (B) is 66% and 1831 (D) is 22%.
XABC is also an AB=CD pattern.
At the time of the post below the S&P 500 was below 4800, now its above 5100. The range 4989 to 5626 is a possible reversal zone as below. Incidentally All Time Highs are also being made in this range. We will examine the 'formation' after at least one monthly candle shows red.
At the time of the post below the S&P 500 was below 4800, now its above 5100. The range 4989 to 5626 is a possible reversal zone as below. Incidentally All Time Highs are also being made in this range. We will examine the 'formation' after at least one monthly candle shows red.
With the index clearing the point 'C', The 'Harmonic Bat Formation' is a bust. Good for the Bulls. Bears meanwhile are eying a Double Top and potential 'Harmonic Shark Formation' which are now in place.
Can you spot it? Watch this space.
@sdhrthmp Coovam stinks #StinkyCoovam for most of the year and is in spate for two weeks during monsoon threatening to overflow its bounds #ScaryCoovam. If its waters are not diverted to farmlands of the influential & powerful we will have #CleanCoovam
@major_madhan Coovam stinks #StinkyCoovam for most of the year and is in spate for two weeks during monsoon threatening to overflow its bounds #ScaryCoovam. If its waters are not diverted to farmlands of the influential & powerful we will have #CleanCoovam
@TamilRatsaschi Coovam stinks #StinkyCoovam for most of the year and is in spate for two weeks during monsoon threatening to overflow its bounds #ScaryCoovam. If its waters are not diverted to farmlands of the influential & powerful we will have #CleanCoovam
@marchoftheides Coovam stinks #StinkyCoovam for most of the year and is in spate for two weeks during monsoon threatening to overflow its bounds #ScaryCoovam. If its waters are not diverted to farmlands of the influential & powerful we will have #CleanCoovam