Market Overview: Nifty 50 Futures Nifty 50 Trading Range on the weekly chart. The market is fluctuating between the big round numbers 19000 and 20000 on the weekly chart, which serve as a support and a resistance, respectively. On the weekly chart, the Nifty 50 is exhibiting increasing trading range behaviour, increasing the likelihood that […]
Nifty 50 Outside Bar
Market Overview: Nifty 50 Futures Nifty 50 outside bar on the weekly chart. The weekly chart of the market shows a bearish closing for this week. The bear bar has a short tail at the bottom, which may cause some bears to sell, especially following a powerful bull leg that broke out of the bear […]
Nifty 50 Big Round Number
Market Overview: Nifty 50 Futures Nifty 50 big round number acting like a support for the price. Nifty 50 on the weekly is still inside the bear channel and present bear leg is the 3rd bear leg in this bear channel. In this week’s trading, the market formed a tiny bear bar with tails above and […]
Nifty 50 Inside Bar on Monthly Chart
Market Overview: Nifty 50 Futures Nifty 50 inside bar on monthly chart. The market on the monthly chart created a small bull bar that closed near its high; since the low and high of this bar are both within the range of the previous bar, it is an inside bar. As the bull leg that ended on […]
Nifty 50 Bear Channel
Market Overview: Nifty 50 Futures Nifty 50 bear channel on the weekly chart and Nifty 50 is also forming a micro double top pattern. This week’s market showed an impressive bear bar that closed close to the low, possibly attracting some bears to sell and anticipate a micro double top and measured move down. On […]
Nifty 50 Inside Bar Pattern
Market Overview: Nifty 50 Futures Nifty 50 inside bar pattern on the weekly chart and still trading near the bottom of the bull channel. Bulls and bears can expect some sideways price action for the next few bars. Nifty 50 is trading inside a bear channel on the weekly chart and can fall to a […]
FTSE 100 Bear Channel Closing below Big Round Number
Market Overview: FTSE 100 Futures The FTSE futures market moved sideways to down last week in a FTSE 100 bear channel with another bear bar. Limit bulls bought below the outside bar and the strong reversal on Friday will scare some bears off selling too low again. We are always in short so high probability we […]
DAX 40 High 1 bear channel pullback
Market Overview: DAX 40 Futures DAX futures was a High 1 Bear Channel Pullback. It’s a major trend reversal on the daily timeframe but still always in short on the weekly. Confusion, sideways but probably more upside as we are struggling to get below the March lows. Both DAX and FTSE are looking stronger but […]
DAX 40 bear channel near February close
Market Overview: DAX 40 Futures DAX futures moved lower last week with a DAX 40 bear channel near the February close and near the 200-week moving average (MA). The bears want a breakout below the February low down to a measured move target near October 2020. The bulls want a higher low major trend reversal, […]
DAX futures triggered low 1 sell
Market Overview: DAX 40 Futures DAX futures triggered low 1 sell on the weekly but with a tail below so not as bearish as it could be. We had 2 consecutive daily big bear bars closing below their midpoints last week. Is it a pullback from a tight bull channel or a broad bear channel? […]
