DXY counts are marked herein. The correction is complete or one more low is due after a pullback.. But the bottom is not far away. The index is due for a pullback.
Time to exit short positions and slowly find long opportunities.
Weekly chart (Channel bottom confluence both on rising and falling channels) is attached
Indian Stocks from IT and Metal space to be tracked in line with this view.
IT index looks good for a decent rally.
Some of the Metal names are at the end of their 3rd wave in smaller TF, so a pullback is due there; be cautious with your LONGS on Metals Space (short term)
Will post individual charts later this week
Disclaimer: I am not a SEBI registered Analyst and this is not a trading advise. Views are personal and for educational purpose only. Please consult your Financial Advisor for any investment decisions. Please consider my views only to get a different perspective (FOR or AGAINST your views). Please don't trade FNO based on my views. If you like my analysis and learnt something from it, please give a BOOST. Feel free to express your thoughts and questions in the comments section.
Time to exit short positions and slowly find long opportunities.
Weekly chart (Channel bottom confluence both on rising and falling channels) is attached
Indian Stocks from IT and Metal space to be tracked in line with this view.
IT index looks good for a decent rally.
Some of the Metal names are at the end of their 3rd wave in smaller TF, so a pullback is due there; be cautious with your LONGS on Metals Space (short term)
Will post individual charts later this week
Disclaimer: I am not a SEBI registered Analyst and this is not a trading advise. Views are personal and for educational purpose only. Please consult your Financial Advisor for any investment decisions. Please consider my views only to get a different perspective (FOR or AGAINST your views). Please don't trade FNO based on my views. If you like my analysis and learnt something from it, please give a BOOST. Feel free to express your thoughts and questions in the comments section.
Nota
Price is approaching the upper end of the boundary in 4 hr TF.. will it make one more low to complete the correction or breakout for bullish view? It's a wait and watch game now
I am not a SEBI Registered Analyst. Views are personal and for Education purpose only. Please consult your Financial Analyst before making investment decision
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
I am not a SEBI Registered Analyst. Views are personal and for Education purpose only. Please consult your Financial Analyst before making investment decision
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.