The_Cannalyst

7906 - 8305 & 9000 are the levels to watch!

Long
The_Cannalyst Aktualisiert   
NSE:NIFTY   Nifty 50 Index
24
Longterm view:
We see a nice bull-market, the present consolidation Phase (since 09/2016) ended exactly at the normal correction Level fibo 0,5!
As Long as we trade above that level, we still keep aiming the 9000 - in a next step with Prices > 9000 (TP1) --> 10.500 as TP2 is thinkable!

The in my former view mentioned H&S should still be watched! As Long we are trading below the potential right shoulder, the H&S pattern is still valid
Trading below the potential right shoulder, respective the neckline (real short trigger) will generate TPs at 7208 / 6800


Short: An anticyclical short has a very nice c r r , but does not fit to my tradingstyle...

i prefer cyclical BreakOuts like this one
Long:
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BO started..
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rsi is near the overbought area....a correction could start These days
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shortterm tf Looks still bullish
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RSI with a selling Signal
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rsi is near the buying areaa, but no signal yet..perhaps we kiss the bo-level again and will see the rsi longsignal than
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yeah
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yes
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nice nice nice but rsi is overbought now
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530 Points at present..nearly reached the tp
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Trade geschlossen: Ziel wurde erreicht:
wow...nice ... now we can concentrate to the upcoming big BO! i will open a new thread for that Szenario..thx for reading my views
Trade geschlossen: Ziel wurde erreicht:
new thread:
Haftungsausschluss

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