Unit of Technical Analysis

Tunnel thru the Air Part 7 of the series and Review 5 about the book.

Tunnel Thru the Air: Secrets revealed 1st part will continue in further parts

revised figures

Yesterday Reliance made a 50% retracement from the range.

Reliance 2610 done

expected reversal should be around 2610 which happens to be 50% of the range from top (Refer RHS fibo on Left block 120 min tme frame)

Reliance Bullish divergence identified from 5th to 12th May'22 (Check RHS block) The trendline breakout and backtesting was also a confirmation. After bullish divergence we had got a 100 points range followed by reversal towards 50% retracement. which followed upto 1.618 target a retracement and further upside movement.

Bitcoin: 15 minutes Time frame: 50% retracement in multiple time frame. i.e. twice

Bitcoin 15 min 1. Double bottom 2. 50% Retracement twice in multiple time frame 3. Ready for a short term reversal

Bitcoin 4 hours Bullish Divergence identified

so if this acts as a signal, we know from shorter time frame, where we can expect a resistance at shorter time frame

Trendlineline Resistance and changes in RSI & MACD

Bearish Engulfing again @Top

Resistance @ 0.236 on 1 min chart

Shorter time period, reversal around 0.236 level from Range.

Dow Jones: Reversing from previous Low, lot's see, what happens next