Analytics

#US30 #DOWJONES 4HR CHART After the breakout from the descending channel, the measured target has come into play. The price has backtested the support level from where it was breakout of channel and bounced back. The breakout point is now acting as a key support level. A sustained move above the upper trendline would validate further upside toward the measured target. A reversal back inside the channel would invalidate the bullish thesis

#USTECH100 1HR CHART After the breakout from the descending channel, the measured target has come into play. The price has backtested the upper trendline of the channel and bounced back. The breakout point is now acting as a key support level. A sustained move above the upper trendline would validate further upside toward the measured target. A reversal back inside the channel would invalidate the bullish thesis.

#XAGUSD #SILVER 1HR CHART Price has broken below the lower trendline of the channel and has now retraced back to the lower trendline boundary, where it is currently trading. If price re-enters the channel, expect a bounce toward the midline, which should act as intermediate resistance. Conversely, if price fails to reclaim the lower trendline and trades below it, further decline is likely.

#CRUDEOIL 1HR CHART Price has broken above the upper trendline-which was the major resistance of the channel. The previous resistance now acts as support. From this point, due to the breakout above the upper trendline, the measured target has come into play. As we can see, the price touched the upper trendline and bounced higher, confirming the support. However, if volume starts to decline as the price rises, the move may reverse before hitting the measured target. Furthermore, if the price closes back inside the channel, it indicates a "bull trap" or false breakout. This occurs when institutional sellers use the liquidity provided by breakout buyers to exit large positions.

#US30 #DOWJONES 4HR CHART After a breakout above the channel, the upper trendline, which previously acted as resistance, has now turned into support. The next move depends on this support level: If the price holds above the upper trendline, the breakout is likely to sustain, and further upside can be expected. If the price fails to hold and falls back inside the channel, it may indicate a fake breakout, with the price potentially declining toward the midline of the channel.

#USTECH100 1HR CHART After a breakout above the channel, the upper trendline, which previously acted as resistance, has now turned into support. The next move depends on this support level: If the price holds above the upper trendline, the breakout is likely to sustain, and further upside can be expected. If the price fails to hold and falls back inside the channel, it may indicate a fake breakout, with the price potentially declining toward the midline of the channel.

#Nifty50 1HR CHART The price has been trading within a descending channel pattern. As I mentioned in my previous post, the lower trendline of the channel is acting as a major support level--and it has held perfectly. As soon as price touched the lower trendline, it bounced higher and is now moving toward the midline of the channel. The downtrendline is also continuing to cap the price, keeping it within the overall downtrend. The next intermediate upside resistance levels are therefore the downtrendline and the midline of the channel. Everything depends on how price reacts at these levels. If the price successfully clears both the midline of the channel and the downtrendline, the next movement would be toward the upper trendline of the channel. If price is rejected from these resistance levels, it is likely to head back toward the lower trendline. #Nifty #NIftyfifty #sensex #sharemarket #stockmarket #investing