The passing week has started with a small gap down that immediately got closed on the last Monday, continuing with a Weekly HH, an action that triggered the main bullish setup mentioned in the last review, a Weekly bullish Pinbar on sloping 8 EMA which was also a bullish OKR, pointing towards 9867. Most of Read More

The Nifty50 has given another indication for its strength lately, as the passing Weekly bar printed an OKR (Outside Key Reversal). From a small bearish setup mentioned in the previous review, a remarkable recovery starting at last Thursday with a gap up and strong bullish bar that took out the most important High before Low, Read More

The market has opened the passing week once again with a gap up, continuing into a new all time High, but eventually on last Thursday and Friday reversed with an open gap by itself (not a good sign for the bulls) and closed the open gap in the first place, closing on the 8 EMA Read More

After a small range consolidation week, the Nifty50 has renewed the move up over the passing week, though it was a shortened thrust. As mentioned in the last review, the way to renew the uptrend was either by dealing with the gap below showing signs of strength, or either by a new gap up followed Read More

The passing shortened trading week was basically a sideways action. The same modus operandi was being held throughout the 4 days: Open closed to the High then mostly a bearish sentiment throughout the rest of the day. Last Friday covered almost all of the Weekly range, by making an Upthrust first, then closing bearish on Read More

The long term bullish momentum has finally determined the direction up. The passing week started with a gap up, part of a kicker pattern, and the reaction for that was another impressive gap up the day after that took the market directly to the target of the Weekly Pinbar on sloping 8 EMA about 5 Read More

A bearish sentiment with recovery attempts on the passing week has caused the index to close a LL LH Weekly bar on middle, supported on the short term sentiment line, the 8 EMA. This price action calls for further consolidation inside the current Weekly range. Two important Daily bars were recorded, the Daily Upthrust of Read More

Most of the passing week revolved around the runaway gap the market left lately (9173.75-9188) that eventually turned into an exhaustion gap. At the start of the week a reversal attempt above the gap that left it open was completed, but strong bearish sentiment around the stock markets on last Wednesday led to a capitulation Read More

The passing week triggered the bullish signal of the two Pinbars mentioned in the last two reviews, and a new all time High has been recorded. It means also important indication for the longer term: a Monthly (and a Quarterly) HH. Even though the week has started with a gap up, a correction made on Read More

The last week of March was a repetition of the previous one, ending as a HH HL bullish Pinbar on sloping 8 EMA. The market has tested once again the open gap below, ending bullish on the Highs. The bullish signal by taking out the Weekly High was given, and the market is by most Read More

The passing week left a bullish pinbar on the chart, supported by the big open gap below, a gap the previous week had created. The market is still in a Monthly bullish follow through signal to reach the 10040 level, but the Stop for this move is huge, the Monthly swing Low, below 7893. Since the Read More

Currently there is no room for hesitation as for the longer term direction. The Monthly bullish setup already triggered two weeks ago and mentioned on the past reviews has finally started to push the price up, gaining a new all time High. Pay attention to the classic inverted Head & Shoulder pattern on the Monthly Read More

The passing week was mostly a sideways action, eventually printing an inside Weekly bar. The main sign of strength is that after taking out the Monthly swing High at 8968, the market is consolidation in a relatively tiny range, on the highs. The main sign of weakness however, is that both the Monthly and the Read More

The market has printed a HH HL Weekly bar, but the internal price action show clear signs of weakness. After making a new Monthly swing High on the week before, came another attempt last Thursday, with a considerable gap up that has made a new HH, but immediately reversed to close the gap, ending finally Read More

The passing week has brought an important indication, taking out the High of last September at 8968.7. It was a follow through to the last Monthly swing High, and the market has signaled for a long term bullish move – targeted at 10043. The Stop in this case, is huge as well, below 7894. Looking Read More

We had an interesting price action for the passing week. The Weekly bar closed as an OKR (did make a LL and a HH), closing with a gap up on last Friday, and a Weekly High that took out the last Major High before the whole Monthly correction has started, but closed considerably weak, below the Read More

The passing week has started with a gap up, while the rest of the week was testing the Highs of the previous week, closing that gap, finally reversing and closing higher. Most likely the market has “decided” to complete the AB=CD pattern (target at 8900, the Weekly upper Bollinger band), although the Dilemma mentioned here on the last review. Pay Read More

Another strong bullish week has passed, taking out the most important LHBL (Last High Before Low) of the Monthly correction since last September. Taking out the Monthly High at 8672.5 signaled a bullish reversal up on the Monthly timeframe. As mentioned on the last review, there are good chances that we are in an AB=CD Read More

The passing week printed a big strong bullish bar – earlier than my assumptions. The Daily bullish setup could be noticed clearly by taking out the Daily swing High on last Tuesday and closing on the High. Indeed, the market has completed almost immediately the 1:1 risk reward move higher within the remaining two trading days Read More

The passing week ended as a narrow range inside Weekly bar. Most of it was testing the Weekly High at 8641, but last Friday was rather bearish, ended weak below the 8 EMA short term sentiment line. It is a strong resistance area with a remaining open gap left after the violent price action that Read More