Market Overview: Nifty 50 Futures The Nifty 50 futures on the weekly chart is currently trading near major support, has formed an inside bar, and with potential breakout above inside bar. The market could move 2 legs upside from here. On daily chart, the NIFTY 50 is still in a broad bear channel and has completed 2 […]
EURUSD potential final flag & 2017 low magnet below
The EURUSD Forex sell-off is strong and in a tight bear channel. Bears want a test of 2017 low and a strong breakout below. Because of the strong selling pressure, odds slightly favor sideways to down.
However, because of the 1) oversold conditions, 2) trend channel line overshoot and 3) parabolic wedge and 4) potential final flag, traders should be prepared for a 2-legged pullback (bounce) which can begin at any moment.
