there is a sell side liqudity and i price comes here we can look for bullish
The Japanese yen (JPY) is the official currency of Japan and one of the most traded currencies in the global foreign exchange market. Introduced in 1871, it is symbolized by “¥” and known for its stability, often serving as a safe-haven currency during economic uncertainty. The yen plays a crucial role in international trade, particularly in Asia, and is a key reserve currency alongside the U.S. dollar and the euro. Its value is influenced by Japan’s export-driven economy, monetary policies, and global market dynamics.
Getting very coiled back in the old triangle after a break out and very steep, harsh retest after a failed breakout. We held the bottom of the triangle and seem primed to launch of the vwap/volume. If we can springboard back out of the triangle there is an old volume gap from ~$262-272, right above early january highs. a $20 point move could happen quickly
*** THIS IS NOT FINANCIAL ADVICE.**** SMX has relentlessly been shorted since February 2023. After multiple reverse splits this company's float shares are less than 300K. The short interest on Nasdaq shows a whopping 300% (not sure if this accurate though). Market CAP just over $1million Shares float under 300K Short interest over 100% (possibly) I believe that we are in bubble phase of Markets and now most shorts will start to cover so they can short the same stocks again. The stock could very well squeeze to .618 retrace on the fib which is about $2400. Unlikely but possible. Could be a windfall, but this could also go down to zero so I will only what I can afford to lose.
Gap up opening expected in nifty. Expected opening near 23400 level. 23350-23400 will act as a strong resistance for today's session. Strong upside rally only expected if nifty starts trading above 23400 level. This rally can goes upto 23600+ level in today's session. Downside expected below 23350 level. This downside can goes upto 23050 level.
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? Entry: $8.85 (breakdown level) Stop Loss (SL): $9.36 (marked in red) ? Target 1 (T1): $8.38 (marked in yellow) ? Target 2 (T2): $7.81 (marked in green) ✅ Reason: Rising wedge pattern breakdown with resistance at $8.85. Price rejection near the upper trendline confirms bearish momentum.
Today will be gap up opening in banknifty. Expected opening near 49000 level. After opening possible reversal from this level to continue bearish trend. If reversal confirmation at this level can gives 400-500 points downside rally in banknifty. This rally can be extend for another 400-500 points if its starts trading below 48450 level. Any upside rally only expected if banknifty sustain and starts trading above 49050 level.
I'm waiting the smaller timeframes to break resistance and then I'll be looking for sells
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