As shown in the graph, Reliance was taking major support at Trendline AB, but today that line got breached. So the Real thing that, it's a Bull Trap or some good correction is near.
So the reason why I think its a Bull Trap- (Just my thought)
1) No negativity around it
2) Stock already corrected and consolidated a lot
3) Earning is near
4) Big player breaking...
Nifty is in a great spot where it can go bullish or it will come down heavily.
Come key points for the published chart to watchout for:-
1. Nifty is breaking a box and retesting it and breaking again.
2. Every box difference or say high & low of box is getting smaller. ( Marked with green lines for the measurement ) What does this mean? for me it means it might be...
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PhD in...
As suggested in my previous idea, below 2163, 2121 and 2073 is expected, and as soon as it broke the support it made low of 2091. Now, RELIANCE has formed a reversal pattern. The pattern will be valid and trade can be executed only if price holds above 2134 levels for target 2188, 2226, 2256 levels, else we could see 2173 and 2156.
Link below for the previous...
As we had seen that the stock was making several bullish patterns, it gave a good rally today after forming a cup and handle pattern. More upmove is expected positionaly above 1274
(i) A Bullish Bat pattern is defined when the B point is less than a 0.618% retracement and In the above chart there is 50% B point of XA leg retraced.
(ii) A Bearish Bat Pattern occasionally forms after retracing from a critical high point. ie, 3388.70
the retracement 0.886 will occur close to the prior high when completed, which is X.
Wait for the...
Exercise patience here please, for validation
0.786 B point retracement of the XA leg, which our pattern requires.
potential reversal zone will be defined after reaching 1.19069, which then completes our AB=CD.
Our harmonic resistance will be above 1.19100 area
Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.7155). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. AUDUSD is in a range bound and the beginning of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a...
As per the charts.
Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
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I use shorthands for my...
This is not an idea, this is a video about an amazing and unbelievably great script that uses an idea and multiplies funds by 20-140 times in a year without human intervention. Best example of how detaching yourself emotionally from the market a person can actually benefit.
Profit % that you see for any market pair (especially cryptocurrency, which is highly...
Bitcoin (BTCUSD) just printed the first bearish signal/pattern since breaking above $11500, once our strongest barrier.
With this bearish signal now in, marked on the chart, additional bearish action can follow.
This is just a friendly reminder.
BTCUSD Chart Analysis/Signals
After a strong bearish candle, BTCUSD closed below EMA10 and the indicators are...
Second Chance Trade Setup summary:
Profit targets=40% = {TP3= 4% + TP4= 12% + TP5= 24%}
Stop Loss =7.5%
Reward/Risk > 5.3:1
New Trading suggestion:
". There is still a possibility of temporary retracement to suggested support line (394.10) again.
if so, traders can set orders based on Price Action and expect to reach short-term targets."
New Take...
"B" retracement of XA leg @ 61.8%
AB = CD, is at 11737
Potential Reversal Area with overlapped Terminal bar.
"D" retracement of XA leg in range of 1.27 to 1.618.
Spent 5 Day for, "B" retraced, "D" also 5 days.
This is the district the Gartley Pattern example. The price is travelling 61.8% retraceme nt area after reversal area.
Yesterday banknifty closed above the strong resistance level of 24500-24600. If it open above this support level then we will see continue bullish rally towards the 24900-25000. Now we only see weakness below 24400 level.
BNF Trade Plan for 28-Oct-2020 using Volume Profile:
Sustaining above 24650 - 24700 leads to upside target of 24900, 25000, 25200.
Support is at 24550 - 24450 which may be tested and a value area to go long if the trend continues.
Not a trading call. Purely for Educational Purpose. Consult Financial Advisor before taking any trades.
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Pattern Name-Head & Shoulder
The pattern forming right at the top- What does indicates? Question - Market Participants Need to...
It continues to take support on any dip near its Kijun (Ichimoku Analysis) support regularly making higher highs and higher lows. This time too its attempting a resumption of trend which might take it to 1475 / 1525 if it manages to hold above 1375 on hourly basis.
Ichimoku is a Japanese study based on Moving Averages wherein the alignment of certain specific ones...
One challenging issue for beginner traders is to differentiate market conditions, whether or not the current market is giving best possibility to stack profits, as earliest, in shortest time possible, or not.
On intraday, we've seen some big actions by big banks are somewhat can be defined --or circling around-- by HMA 200 . I've been thinking on to make the...
Profit Maximizer - PMax Explorer STRATEGY & SCREENER screens the BUY and SELL signals (trend reversals) for 20 user defined different tickers in Tradingview charts.
Simply input the name of the ticker in Tradingview that you want to screen.
Terminology explanation:
Confirmed Reversal: PMax reversal that happened in the last bar and cannot be...
This is a linear trend indicator that can:
- automagically adjust to different chart resolutions
- snap to day/session boundaries on intraday
- totally not do the above and use ye olde good fixed lookback window
- show the regression trend and its RMSE channels
- disregard the trend and just show the period average and standard deviation lines (often acting as...
I have been sitting on this for over a year, but I now present this "Voss Predictive Filter" multicator employing PSv4.0 upon initial release, originally formulated by the great and empowering Dr. John Ehlers for TASC - August 2019 Traders Tips. This is a slightly modified version of the original indicator John Ehlers designed. My improved implementation is an...
Hi Friends i am making this video for everyone because its most essential in trading to understand the simple approach
any random acts can put your financial health in to crisis , so please go through the video and try to take think logically before you take
trade decisions
Good luck
This is not an idea, this is a video about an amazing and unbelievably great script that uses an idea and multiplies funds by 20-140 times in a year without human intervention. Best example of how detaching yourself emotionally from the market a person can actually benefit.
Profit % that you see for any market pair (especially cryptocurrency, which is highly...
I think, everybody understand how can trade bank nifty for scalping
How can set indicator parameters
RSI 14
RSI 7
VOLATILITY STOP 5,2
VOLATILITY STOP 5,1
CONNORS RSI 14
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