You should always have a plan in case the opposite happens since it will happen often.
High 3 (this can is attracting buyers/scalpers/chartist attention)
-> High of the candle is higher than H2, and H2 is higher than H1.
Volume is on average as normal.
The trading range is tight and high trading activities and price rotation found.
We have found a similar...
Rising Channel Breakdown; Currently at 38.2% fibo retracement of the recent up run, which is also a good support;
With RSI downward trending, if price breaks 253, the next supports are around 245, 230.
On the contrary, the trend can reverse only above 270.
The charts posted by me are only for learning and not for trading purposes!
I am not...
Its said, "Knowing risk tolerance level is the key to success in trading". Let me explain this with an example. Refer the above chart. Two traders A and B saw double top formation and decided to go short. Trader A used leverage above his risk tolerance level. Trader B took trade as per his money management.
Both traders went short. After few minutes price start...
While the price is above the support 1.4750, beginning of uptrend is expected.
We make sure when the resistance at 1.5360 breaks.
If the support at 1.4750 is broken, the short-term forecast -beginning of uptrend- will be invalid.
While the RSI downtrend #1 is not broken, bearish wave in price would continue.
A trough is...
From the Parallel channel the price from down line always comes in the range.
The price rotation occur in between the channel shown in the chat.
Price breaks away from value to the upside and downside.
INFOSYS may take the resistance as support and the value is low.
Index on friday, tested twice, its Fibonnacci 38.2% (11,740) of the 1st impulse wave, also the lower quartile of Mod. S pitchfork intersects the said Fibb level at 11,740 on monday. which can act as a strong support point. better than expected Q4 results of Index Heavyweight HDFC, could further act as a catalyst for the uptrend. Impact of RIL's result (lower than...