This video demonstrates how to analyze market trends using technical indicators such as MACD, RSI, and moving averages to identify support and resistance levels. The presenter shows how to recognize bearish patterns like expanding triangles and lower highs/lows, and explains how to set entry and exit points based on key price levels. The analysis covers multiple assets including gold, silver, crude oil, natural gas, and major indices like NASDAQ, Dow Jones, DAX, and FTSE 100, emphasizing that markets often behave predictably when key levels are respected.
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Market Alert! War Impact on GOLD, SILVER, CRUDE OIL, NASDAQ100, DOW JONES, DE40 & FTSE TodayAdded:
slided all the way now towards 4380 levels and I have been recommending sells since long now and now it is trading below the first crucial milestone at 4,400. What does it mean?
Are we looking forward to a greater correction here? What about silver?
Silver is also now trading below the crucial number at 74 and has now moved towards the next support at 72. Oil bounce back sh right from the support levels at 87 88 and natural gas staying in the zone. We have seen it trading bullish. It has breached past 3.0. all the prediction just pull the US session update pull the yesterday's Asia and Europe session update you'll find how beautifully the levels are respected and how beautifully the markets behave the same way as you expect and predict with the help of technical analysis indices yes techund also bleeded sharp right from the highs at uh 30,300 the highs which you have seen it is plummeted hard here N Dow stayed in zone NASDAQ and footsy uh footsy 100 and Germany also trading bearish here so what to expect now are we looking forward to a further drop here what should be our strategy Let's see what is the language of charts. First we look into gold and silver followed with oil and gas. Lastly NASDAQ, Dow, Germany and Footsy 100.
This is the first update for the day.
The next update will be also there before the US session. What that as well? Subscribe, press the bell icon. Do like, share and comment. Your every like, comment, share, subscribe is a great great great motivation for us to deliver consistently grow together, profit together. Do subscribe, press the bell icon. Let's start now. See what gold is doing here. Look at the charts.
I have shared this. See this sideways zone. Then this drop has appeared. Now it is stretched. It has stretched this sideways zone and now this is trying to break out. Remember look at the size of move here from 4700 to 4500. And now this is trying to break out here. So from 4,400 what are the next targets?
Possibly towards 4200 in the near future. But for now let's focus on the RD charts. What has happened? See uh first slight bearishness waited for the 20 period to come down. Then a drop retracement towards 20 period and again looking downward. So more bearishness might follow. Just let it trade below 4380. Remember the bullishness today is only and only if you see it is staying above 4450 4460 zone. As long as this is not taken do not treat this as bullish here. Stocky getting oversold. MACD bearish RSI is getting oversold. On the hourly charts things are getting slightly oversold here. Look at the two-hour charts here. Sideways move then this drop is appearing and see this is expanding here. You can just connect the dots. You can see an expansion here. So expanding triangles are always dangerous. This suggests that the bearishness is increasing. Also notice after staying sideways a good fall is seen. Now let it trade below 4380 and then we can in fact expect 4350 and lower levels. Moving averages are trading with divergence and bearishness.
Stock ice at the lows. The MAGD bearish RSI at the lows as well. Things are getting oversold but it can continue with this for a while. On the three hours are similar observation here continuing with the fall. Let's see if at all it breaks below 438 4350. The next two levels if these two levels are taken 4320 is next and below which a greater greater fall can be expected further. Yes the stockistic MACD RSI all are trading bearish and some are getting oversold as well here as well. Look at the 4hour charts on the 4hour chart see the kind of move. Let me show you something here. Uh or better wait for the daily charts but see uh this was the consolidation zone at 4,400. From here only we have seen this bounce back and since then this is how it is trading.
This is the channel here. The lows here at 4350 now are going to be the next support zone. If these levels are taken, certainly we are looking forward to a greater greater fall. Moving averages here are also trading bearish here.
Stock ice at the lows. The MACD trading also bearish. RSI at the lows as well.
So things are getting oversold and it appears the lows it delivers today might be deeper and from here it can try to recover a little maybe the coming week the first week of June. Let's see. Now coming to the daily charts. Recall yesterday's update. Uh now let me share something more here. See uh previously this was the fall then we had seen prices retracing just connect the lows just connect the highs. This is how it is trading. Now this is indeed a bearish channel. This was the consolidation zone. It is back to this zone. So now this zone is getting crucial here for gold. It is very very important now for gold to trade below 4380 4350 and then 4300 levels. Once 4,300 is taken this is going to lead to the next round of drop.
Let me take you a little far. This is how it is trading. Just connect the lows and the highs and see this is coming after a great great rally. So don't get surprised. Don't be surprised if at all it moves towards 3,800 3600 in the near future. This is bound to move. It may take time. It is not necessary that it is going to happen day or two or something. But let's look at the daily chart. See this is the third candle formation here in a pattern and see lower highs and lower lows. So possibly this might stay deep. This might trade bearish. We can expect 4350 to offer it a little support and once that is taken 4320 is going to be the next one here.
Yes, the stock IC at the lows. The MACD again trying to diverge staying bearish.
RSI at the low. So considering this now what you should and before I give you the trading levels if you also want to learn this art of trading be a part of our mentorship b the 40th batch we are announcing and this is going to start on 22nd of June. Register yourself now only limited entries you take. Reach out to me for queries. My telegram and email ids are there in the channel and video description. It also comes with an added offer that after the completion of the class you'll be added to our uh student signals channel where we'll handhold you where we'll guide you and then uh we ensure that you recover your tition fee.
So join the mentorship batch also those who are willing to trade as per the signals right from the day one you can join the paid signals channel today itself connect with me again see early in the day we are in huge profits already we are we have sold it right at the highs at 440 levels itself also those who are willing those who are looking forward to a trusted partner and a recommended broker remember it is very very important for us to have a partner and a broker where you know that there is a trust between two of you where you know that the price is not getting manipul manipulated the stop losses are not getting killed And yes, you are not uh your withdrawals and deposits are processed in quick time without any questions. It is not that uh you are trading, you're making profits and your accounts are getting on hold. This is not going to happen. So join the recommended broker. Honestly, I am just sticking to one broker since ages and that is how we are profiting consistently. Join it and enjoy your trading journey. With that, let's see.
If you're willing to buy, you can buy here at 4398. What will happen beyond this? 44608 is the first target zone. And if this is taken it might try to move towards 441820 levels the next resistance zone. Now 4418 4420 and 4430. This is the most crucial zone for the day. If this is taken we can expect remember the reversal confirmation is only and only if you see it staying above 4460 till 4460 it's not yet bullish. Beyond 4430 you can expect 444 and then 4460 levels.
If 4460 is taken, this is going to lead to a stronger rally which I do not expect and beyond this you can expect 4500 though I am not in favor of such a rise though on the downside what you can do is sell at 4380 levels expect 4365 4350. You know 4350 is one such support which it has to trade below because below this we will look forward to 4320 next 4280 next and then 4240 4200 should not be too far and remember any drop below 4200 should lead it all the way towards $4,000 this time. Whenever it happens it is going to move towards this zone. Take your trades accordingly.
Let's move to s silver on the hourly charts again. Uh the way gold has moved remember this top then the drop support here retracement then I had mentioned yesterday once it trades below this we are going to look forward to a fall. We have seen a fall all the way towards 73 again a retracement resistance at 75.
Now trying to look downward. See first sharp candle bit stop then second drop here. So now let it stay below 72 40 and 72. These are the two levels which are going to offer it the next support.
Remember silver after this good great consolidation this is coming out of it.
This may lead to the next round of drop 71 and 70 and remember I have shared previously as well 70 68 65 is quite likely achievable and in the near future we might see further correction in silver but for now let's focus on the day lower highs are there it is trying to drop possibly we may see moving towards 7271 or 70 stock at the lows the MACD bearish RSI at the lows things are getting oversold and this is the time for silver to stress this drop moving averages trading with divergence yes this is coming out of this consolidation and remember whenever it comes out of this zone this leads to a good falsy 7240 very good support 70 72 40 72 is what you should watch out for then 71 and then 73 key levels here on the downside any drop below 70 is a alarm for you to just stay short stock at the lows the MACD trading bearish RSI at the lows as well look at three similar observation here notice drop sideways mode drop retracement or sideways mode draw this round of drop now this is a breakout out. Remember this is a breakout. So 72 40 72 once it trades below 71 is next and 70 is next. Below 70 again a greater greater fall is a way. Why? So notice after this drop it has stayed sideways for a while. Look at this drop was from 90 to75 $15 and now from 75 it is trying to come down. What is the next target? Possibly towards 60.
Let's see. Stock at the lows. The MACD trading sharply bearish. RSI at the lows coming to 4. Similar observation here.
drop sideways move and then this drop here. So now again trying to move lower 7170 is very very crucial here and see this this the formation rather let's have a look on the daily charts. Yes the stockistic MACD RSI all are trading bearish on the 4our charts as well. Now coming to daily charts this is what I was referring to and I have shared this.
See the drop then the retracement then the drop then the retracement. Now here if you connect the lows and the highs this is the channel in which it was trading. Remember this is coming out of this channel. Remember 71 and 70 two levels here and once this is taken we are going to see it at 68 and if 68 is taken this is not going to come back up.
Be mindful why it should not come back.
Look at the move here. This is how it is trading after this drop. If you eliminate this noise this is how it is trading. Now where are the lows aiming at? The lows are aiming at 54 and 52 and 50 levels. It may take time but it might soon. Look at the daily charts here. See drop retracement. It has waited for the 20 and 50 to come down. The moving averages are almost staying flat. And now once these crosses over, once this starts to diverge, this will lead to the next round of bearish journey for silver. For now, it is still not confirmed that it is whether it is going to trade below 68 and 65 zone. It is still too far. Let's see how it performs today. Yes, the stock has at the lows.
The MAGD trading bearish, RSI trading bearish. So what you should do? Remember buying entries today is only about 75.
But those who want to risk a little and try to capture a little retracement buy at 7360 expect 7410 7450 and 75. Once it trades above 75 just stay bullish from here. We are going to see a massive run from here. It is going to move towards 7678.
But for now I'm reserving my opinion on this. I I do not expect that to happen.
Sell at 7240 very clear 72 7180 is the first target zone which is easily achievable and then once this is taken 71 is next and then I will be looking at 70 below 70 we are looking at 68 we are looking at 65 as well very very soon trade accordingly let's move to crude see oil after bottoming here at 88 87 these were the lows previously we had seen and now it is trying to bounce back but if you connect the lows and the highs we have to still wait for 94 to be taken. That still appears to be a distant target. So for now, I'll just wait for 92 to be taken. 92, 93, 94.
Three levels here. Once it stays above 94, that's a reversal. Till then, it is not yet bullish. Yes, it is trading bearish. But remember, this is also staying oversold on the higher time frames. Stock eyes take overbought here.
But see the MACD right at the lows crossing over here. Good sign for the bulls. RSI rising support is sign for the bulls again on the 2. Similar observation here. Notice this. Notice this. There's 93 94 is what we have to watch out and first in fact even if you see it at 92 you can buy there in fact I will say buy at 91.5 expect 92 expect 92.5 93 and 94 levels beyond 94 is where the rear reversal will begin yes it has formed a very good base here at 88 so till 88 it's not yet bish that is very very clear here stockic is on rise the MACD also crossed over this is also a good sign for the bulls RSI is on rise so signs are still in favor of a rise on the three-hour charts also if you look at after a good lows it is trying to recover. Once it traced beyond 91.5, 91.6 expect 92, 92.5, 93 and then 94 beyond 94 again same levels. So not let's not repeat. U also look at this look at the kind of move it is shown. So this is a broader channel here and now this time the same lows it is trying to bounce back. So this is still bearish.
This is giving a lower highs and lower lows. So for this to turn bullish oil has to break beyond 105. Till 105 it is a caution. uh this is not yet a reversal. Stock ISIC, MACD, RSI all are on rise here. Look at 4hour. What's happening on the 4hour chart? 20 period has been a resistance. It has come towards 20 period. So, it is important for it to break 20 period and move towards the 50 period. 50 period sitting close to 95. And yes, these levels are achievable as well. Yes, the stock is on rise. The MACD has hit a bottom trying to diverge again. A good sign for the bulls. RSI is on rise. So, signs are still in favor of a buy here. Coming to now here on the daily chart see a big long tailed candle here and see the drop the retracement this is still trying to close in red let's see if at all it attempts to close in green the closing of this candle will happen in another 20 minutes or so and for this to happen it has to trade at least beyond 91.5 91.6 and that is why I say once you see it is closing above 91.5 91.6 buy from here expect it to at least move towards 92.6 693 levels and then 94 95 96 is also possible also remember uh see oil if you see this is how it is traded divide this from here this is almost symmetrical move I highlighted this several times see what preceded this was a good rise so from here it can in fact attempt to break past by the tops top here so this is the same zone from where it has bounced back and again trying to bounce back only thing here is uh first it has to trade above 98 and 100 and then 100 4005 if these levels are taken greater rise is expected here stockic oversold magd sharply bearish RSI flat. So what you should do I'll recommend you to buy at 91.5 levels expect 92 expect 92.45 expect 93 then 93.8 98 94 and once this is taken then in fact I'll be looking at 95 and 96 levels till here it's not yet bullish beyond 96 is where we are going to see the next round of trail towards 98 towards 100 and then to the moon anything and everything is possible these are markets beyond 100 102 and 105 are also there on the downside what I'll do is possible sell I will recommend is at 90.2 levels and expect it to move towards 89.6 and then 89.2 2 this is the most important zone and then 88.6 and 88 below this 87.2 should arrive and if 87.2 2 is taken 85 should not be too far for now I do not expect it to deliver such a move but yes these are markets you have to exercise caution trade accordingly let's move to natural see what natural gas has done remember it has moved towards the next target at 3.1516 and retrace from here now seen taking support again from the 20 and 50 period moving average and trying to bounce back so now again if you see it is staying above 3.1 buy for 3.1415 and if this zone is taken I think we are ready for a good rise earlier yesterday I had mentioned see double top here almost symmet symmetrical move here. So now this zone is crucial because once it trades beyond this we are looking forward to 3.26 and 3.5 levels as well.
For now it is it is just retrace and let's wait for it to give you a breakout here. Stock ice on rise but the worry point is the MAGD which after a brief retracement again crossed over for a sell RSI running flat. Look at to retracement support from five period trying to rise let it trade beyond 3.11 3.1 levels and then 3.1516 levels very very good resistance is available till then moving averages are on the verge of a crossover stock has dropped sharp while the MAGD is on rise which is a supportive sign RSI is flat on the three similar observation here on the three-hour chart after the drop retracement support here trying to bounce back and any move beyond 3.1516 and 3.2 2 should lead to a greater rally here though the stockic is cooled down but see the MACD this is on rise which is a good sign for the bulls RSI rising which is also a good sign for the bulls on the 4 are similar observation a flat base trying to bounce back here moving average is crossing over here resistance there at 3.1112 and then beyond which you can expect 3.1416 and then 3.2 yes notice it has formed a double bottom trying to rise so possibly 3.25 25 and 3.3 should be there. Also, we we'll also have this natural gas storage data coming in later in the day which is also going to add on to the volatility here.
See the magnetic crossing over at the bottom. Very very good sign for the bulls. RSI is flat. Coming to daily on the daily charts. See uh just pull out the update from yesterday. I had mentioned a very good support is created here and till 2.9294 you should not be treating this as bearish. What has happened right from the lows? You have seen it pulling back. Now again the resistance at 3.1516 also proven out to be stronger here. So it can uh I'll just wait for it to break this zone today.
Stock has rise. My only worry point is the MACD which has crossed over for sale. So I'll just wait for a crossover again because this time if it crosses over we are ready for the next round of rally. RSI is placed comfortable. So what you should expect today from gas is if you are if at all it trades beyond 3.1 3.11 zone just stay bullish from here expect 3.14 3.16 levels and once this is taken 3.2 is not too far 3.25 is not too far and then ultimately is 3.3 beyond 3.3 I am looking at 3.5 3.8 zone very very very soon if not in this week then in next week on the down I will only recommend you to sell at 3.02 02 expect three expect 2.97 and then 2.9492 this is the most important zone on the downside if this is taken this is going to and the next support levels is at 2.8 8 till here till here it is not yet be bullish trade accordingly let's move to indices first NASDAQ then Dow lastly Germany 40 and then Footsie 100 NASDAQ on the hourly charts if you look at see it has formed a very good support here at around 29700 and see we had seen a greater rally now this is the zone 29600 and 700 is what you have to focus on you have to watch out for as and how it trades below 29600 greater fall is awaited towards 29400 notice what is happening on the hourly charts drop retracement retracement towards 30,000 here a good resistance there and now trying to reverse again so more fall is awaited from here and specifically a drop below 29700 600 is what you should focus on if these levels are taken we are ready for the next round of drop stockic MACD RSI all are trading bearish on the hourly charts on the two-hour charts drop retracement and taking the direction again possibly this could stretch this drop for a little while and I'll show you something on the daily charts but let's focus on the two-hour charts here yes this is the second bearish candle let it trade below 29700, 680 and 600 zone. If these levels are taken, we will expect it to move towards 29,400 as well. Yes, the stockic MACD RSI all are all are trading bearish here and on the 3 hours RC most important is for it to trade below 29,700 600 zone and then you can definitely expect a good down move from those levels. For now, these are these appear to be greater support here.
If you look at the stock, MACD, RSI, see indicators are definitely suggestive of a good fall. See, NASDAQ 100 has delivered enormous rally for long now and don't get surprised if at all it tries to erase some of the gains only.
See this is how it is traded. Now once it goes deeper, it is going to be sharper fall and hence you have to be careful. 29600 400 is achievable. below 29400 we might see the next move towards 29200 29,000 and in fact 28800 levels in the near future if not today. Yes, the indicators here on the 4our charts are also trading bearish. Coming to the daily look at the daily charts diminishing bullishness here a swing candle and indecision here now trying to breach past the lows here. Just let it trade below 29 700 600. First thing it will try to do is fill the gap here. Try to move towards 29 500 400. Once these levels are taken, remember what it is trying to do, rise, retracement. So rise and retracement again just connect the highs, just connect the lows. It can try to move towards 29,000 in the near future. And if that is taken 28800, 28,500 should be the next year. Yes, the indicators are now trying to cool down.
These were attack streams and don't get surprised if at all it reverses. So now what you should do where you should buy now the buying entries in tech is way too far at 30,000. Till 30,000 it's not yet bullish. What you can do? So I will uh those who want to risk a little you can buy here at uh 29840 levels and expect it to move towards 29900. 29900 is going to be a very good resistance zone. Then 29 950 970 and then 30,000 30,20. So see the resistances on the upside are getting very strong here. Till 30,20 do not treat this as bullish. Beyond this just stay bullish for 3100 and 3300 levels appears difficult. I think this is the time for techund to bleed hard. On the downside I will recommend you to sell at 29700 levels here. 29700. In fact you can take a sell at 29740 levels or 20 levels but then 29680 and 29600. Once it trades below 29600, we are ready for the next mode towards 29,500 29400 which I expect that it may try to get back into this zone even if it is it is it has to bounce back but then this is the zone which it must achieve whenever it does so below this 29200 and then 29,000 is there below which 28500 and 28k should arrive very very very soon trade accordingly let's move to Dow see us30 uh notice this fall right from the highs we have seen it moving moving towards 50,400 then retracement lower highs after this retracement trying to come out of this whenever it trades below 50,500 400 zone we are ready for the next round of drop yes drop retracement and now this is trying to go deeper we might see 5200 and 50,000 levels in the possibly next few sessions or maybe today itself possibly let's see if at all it trades below 50,500 400 zone this is the most crucial support zone here stock I think it's trying to look downwards the MACD after a brief retracement crossing over here which is again a bearish indication. RSI is bearish as well on the two-hour charts after the drop retracement flat top trying to reverse again we have to wait for it to trade below 50,500 400 zone and then you can definitely expect it to move towards 5200 or 50,000 levels and definitely you have to exercise caution any move beyond 50,800 is the sign of reversal yes the stock I6 turning bearish MACD also turning bearish RSI is also turning bearish here coming to three hours notice the drop the retracement first bearish candle so second should also be there which means 50,400 100 is not too far and if that is taken I think we are ready for further deeper correction stockic MACD RSI all are trading bearish as well on the 4 hours similar observation drop retracement trying to drop here I think 5500 5400 and 350 5500 400 5350 is the zone we should we should watch out for then 5200 and 50,000 should definitely be achievable indicators are turning bearish here as well coming to daily on On the daily charts, notice it has posted a reversal, one bearish candle, then higher lows.
Now remember, it is trying to drop here.
See the size of candle 51,000 to 5,400.
Now 600 points at least means from now onwards 50,700 to 50,000 150,000 levels here. It may try to move towards this zone. Let's let's wait for today's moon.
Notice rise retracement support here rise. So it should try to at least move towards 20 period here and breaking below 20 period we are going to see it at 49500 the next target levels very very very soon. Yes the stock ISIC is trading bearish the MACD is also trying to converge. Remember indicators are almost at the top here. So what you should do I will better see where you should buy first let's talk about now we know that till 5800 it's riskier to buy but you can buy at 5640 or 650 levels expect it to move towards 5 uh 710 then I will say 5800 now 5800 is if it takes away I think you can stay bullish for 5900 51,000 and if 51,000 is taken stay bullish for a greater rally towards 51,200 plus levels Though I'm not in favor of such a move. On the downside, I will recommend you to sell here at 50,530 levels. Expect 50,480, 50,400.
Once it trades below 50,400, I think we are going to see it 50,200, 50, 080 and then 50,000 levels very soon. Below 50,000 also it is possible for it to continue with the drop all the way to 49800 and 49500 levels very very very soon. trade accordingly. Let's move to Germany for see DAX what it has done. Uh look at the lower highs which it has created and same from same zone 25400 it is just bleeding hard one single sharp candle and it is now trading below the support zone here. Now this is important for Dex to trade below 24900. Once it stays below 24900 we will see it bleeding hard further towards 24780 and then 24600. See if it can rise rise hard it can drop sharp as well. moving average is crossing over here which means till 25200 it's not yet bullish reversal confirmation is about 25300 yes things are getting oversold beat the stockastic MCD RSI look at two charts after the drop retracement and now this is the second candle possibility of this continuing deeper this is strong which means 24800 should be there and if this is taken 24600 500 400 should also be the next targets here the indicators be it any indic indicated these are turning bearish looking at the kind of fall it is shown see u after the rise it is retraced then this next round of rally was seen now this is coming out of this which is a clear indication of further fall but I'll just wait for it to trade below this support zone it has to break below 24900 in order to confirm the next round of drop possibly towards 24 780 600 400 levels but yes the indicators all the indicators stockistic MACD RSI all are turning bearish as well on the 4hour charts here the 50 period that is again 24900. We have to wait for it to break below these levels. This may call for a greater fall. So just wait for it to trade below 24900 800 levels here indicators definitely indicating more bullishness ahead. Coming to the daily charts. Now look at the daily charts how it has performed. Rise retracement rise retracement bigger rise bigger retracement. So bigger rise bigger retracement cannot be denied. The support levels are far below far below towards 24,000 levels. Now these far for it to achieve these levels it has to at least break below 24 600 400 levels today. Yes, this can go deep. You have to be careful. Today indicators are definitely now trying to turn bearish.
So what you should those who want to capture a little retracement can buy at 2525. Expect 2570 25120 and 25200. Remember bullishness index is only and only if you trade if you see trading beyond 25200 and then 25300 levels. Once these two are taken this is a reversal beyond 25400 sky is the limit which I think is not going to happen today. On the downside I will recommend you to sell at 24 920 expect 24860 24800 and once this is taken you can expect 24720 2400 below this 24500 and 24400 should be there very very very soon if not today trade accordingly. Let's move to 4300.
The last see look at foot 300. Look at the move here. Look at the drop here.
Then sideways movement. Now this is dropping again. Moving averages are starting to diverge. And now this is the zone which is going to play an important role. 10480 10500. This appears to be too far. And in fact even if you see it is staying about 10440 10450 levels you can stick to buys. But then 10480 10500 I think it is not going to break. Now remember also this is trying to break below the support levels where the lows are now aiming towards 10 350 10300 levels. Things are getting oversold on the hourly charts though but on the higher time frame it is still got lot much of room for further downside.
Notice drop sideways approximately and then this drop has appeared. Now it is important for it to first break below 10400 10 380 levels. Once these levels are taken 10350 10320 should not be too far. Indicators are definitely turning bearish and further trying to look downwards and correct hard. Look at the three-hour charts here. See almost lower highs. So possibly lower lows. This is how it has been trading. The lows here are far below towards 10100. So today's move is going to remain very very interesting very very important. I'll just wait for the next candle here. 10 380 once it trades below. I think we are ready for the next round of drop here.
Yes. Be the stock Isac MD RSI all are trading sharply bearish on the 4hour charts. First bearish candle, second one and the second one is still quite a modest candle. It has to stay below 10 380 then expected to uh drop sharp from there. Indicators are definitely turning sharply bearish. Coming to the now on the daily charts you can see the support coming in at 2200. Remember we are also seeing lower highs. So uh if you draw this a parallel here you will find this was the stop here slightly inclined top which means lower lows it can in fact move towards in the near future lower lows means 9500 9400 but this appears to be a worrisome picture if you look at but let's focus on the day see moving averages are still a very very good support for for 300 which means 10 380 10 350 10300 we have to watch out for once these levels are taken 10250 1000 is a 2 to 3% correction in a day means 10200 should not be too far. Yes, stockic it's turning bearish. The MACD also trying to cross over. RSI dropping as well. But I'll say still it has got tremendous support here. So what you should do today where you should buy for those who want to risk a little can buy 10420. Expect 10430 10450 and 10460. If at all it trades beyond 10460, stay bullish for a good rise.
Possibly we are going to see it at 10480, 10500. Any move beyond 10500, stay bullish. This is going to deliver a huge rally which appears difficult on the downside. If you see it is staying below 103 uh 80 levels stay short for 10360 10 350 first target. If this is taken 10320 is next. Once this is taken 10 to80 is not too far. Then 10 250 and then 10 200 uh 10 to 100 will be difficult but yes a little drop towards downside cannot be denied. Trade accordingly. Like share, subscribe and comment. Join my mentorship. Join my signals channel. Reach out to me for your queries. Join the free telegram channel for live market updates and join the channel memberships here on YouTube to support the effort and for the exclusive content access with before the US session. Do watch that update. Thank you. Have a great profitable trading day ahead. See you again before the US session with more updates. Watch that as well. Okay.
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