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Harmonicsignals

Why stocks will fall tonight (AUDUSD Trade Analysis)The markets have been taking a hammering but there has been some recovery today. Based on technical analysis, this will not last and it will fall tonight. We are seeing a sell pattern in AUDUSD. This pair is correlating to the stock market and when it falls so does stocks. The last time we sold this resulted in a 300 pips run! The same pattern is appearing on major stock indexes, so I am expecting a further drop based on my 2 analysis done on DJIA and S&P.
Short
by JD_TeenTrader
RelianceHello and welcome to this analysis on RELIANCE INDUSTRIES On April 29, 2022 it completed the formation of a Bearish Harmonic Alt Shark Pattern indicating a reversal in the daily time frame. Currently it has completed 50% of that retracement and formed a Bullish Harmonic Alt Shark in the Hourly time frame suggesting a probable bounce from here. A pullback of this Bullish Harmonic Pattern could probably take it to 2600-2650. Pattern will remain valid till price is above 2435. Harmonic Patterns are based on Patterns which come inline with specific ratios for reversal trade set ups.
NSE:RELIANCELong
by Dinesh_C_Nagpal
2
USDJPY - The great 1000 pip SHORT coming up USDJPY has been a raging bull and moved up quite quickly. However everything that goes up finds it way down. Here are the reasons the bull run is over. 1) There is a huge harmonic pattern in play now. 2) Monthly, Weekly, Daily RSI are overbought 3) Daily Divergence is in play. The trade will not happen immediately. We need to observe this for about 2-3 weeks to be sure that there is absolute weakness. Until then, I will continue to go long as the trend is up. Whenever the JPY strengthens, the Stock market sees huge declines. All the JPY pairs are showing weakness as hinting at a JPY strengthening. We have seen this in AUDJPY, NZDJPY, EURJPY and GBPJPY. CADJPY and CHFJPY are showing weakness now so all stock traders should be wary of "SELL IN MAY AND GO AWAY". Good luck!
Short
by JD_TeenTrader