DJIA formed a big red Bearish Engulfing candle last Friday following a strong green candle the day before. The candle made a new ATH earlier in the day, before crashing by a relatively modest ~ 1.35% for the day. However, the pattern that it formed was a buy failure as the previous day's candle was a buy signal that failed. This is a very potent sell signal as it catches die hard bulls on the wrong foot, even more lethal when it happens at an ATH. If what looks likely materia

Nifty gave a strong sell signal last Tuesday on the daily chart - a Bearish Engulfing candle on the next day after a breakout. A typical buy failure that traps the bulls on the wrong side and can go in the opposite direction big and fast. The result manifested itself last Friday with Wednesday being a narrow range day and Thursday being a market holiday. The price fell violently in the last 30 minutes of trade to make a big red candle that closed near its low and in the middl

DJIA has formed a big Bearish Engulfing pattern last Friday and closed near the lower boundary of a 7 day long congestion. Nasdaq and S&P have formed Big Bearish Engulfing candles on their daily charts after reaching ATHs a day earlier. The above picture, in itself, does not suggest a sell, but calls for caution ahead. Is this the first sign of capitulation after a relentless rally in the face of a raging war? Looks so if one puts is in the perspective of overall global weakn

Metals including Gold, Silver and Copper have given emphatic sell signals last week on their weekly charts. Here is a brief round up: Gold - Has formed a Big Bearish Engulfing pattern that has closed near its weekly low and on the verge of breaching a 7 week range. A close below the range would also mean a breakdown from a small 1-2-3 top pattern. Silver - Looks a much more ominous pattern compared to Gold. There was a breakout buy during the week from a 1-2-3 bottom pattern

While Nasdaq and S&P have made new ATHs on Friday, DJIA has given a classic sell signal the same day. After forming a big bullish engulfing candle on Thursday, DJIA has formed a Bearish Harami pattern on Friday after breaching the range briefly on the upside - a subtle but proven sell signal that combines well with the prior strongly bullish candle. While Nasdaq has rallied strongly on Fridaay, S&P has formed a Reverse Hammer after a strong breakout the prior day, a strong se

Global markets have shown surprising resilience over the past week - in the face of a continuing war that gets fiercer by the day. Does the market know something that we don't or this is just a short lived bounce, destined to taper off in the time to come. Only time can tell. Let's look at the charts to understand the technical picture. Nifty - Nifty has been flirting with the massive weekend gap of 2025 when the market closed at ~22900 on Friday, April 4 and opened at ~ 217

Over the past few weeks, Nifty has slipped below a consolidation range that had held for more than 10 months on the weekly chart. What’s concerning is not just the breakdown, but the fact that the index hasn’t been able to bounce back meaningfully since. Nifty Weekly chart showing a breakdown below a long range The Indian markets are facing pressure from multiple fronts. Geopolitical flare-ups are disrupting supply chains, and the relentless fall in rupee is increasing infla

Precious metals have delivered a decisive sell signal across both daily and weekly timeframes, marked by a sharp and historic decline in the previous week. What makes this move particularly striking is that it comes in direct contradiction to their traditional “safe haven” role - at a time of escalating geopolitical tensions driven by the ongoing conflict in the Middle East. What the Charts Are Telling Us Silver - The daily chart confirms a second breakdown from a consolidat

Here’s a quick round-up of what happened in the commodity and currency markets last week to help you stay on the right side of the trade. WTI Crude - Crude has made an explosive move, jumping more than 35% in just the last week. Monthly chart below. Monthly chart of WTI Crude showing a breakout from a double bottom For most of the past four years, crude has been largely range-bound with a slight downward bias, ever since it peaked around $130 on March 7, 2022 after the Russ