Pattern Identification

One can Start with simple Patterns Identification , few are very easily identified , they are

W - a Pattern Looks Like W shape which is corrective in nature
N- a Pattern Looks Like N shape , which resemble strong ( sharp ) move on second Leg but actually they are an short term corrective move NON impulsive moves
Inverted Patterns of W and N , they are visually can be identified as Invested patterns when seen with the Correction

Again this post is Not Trade Recommendation its Just for Education purpose
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+1 Reply
ShreeKrishna rakeshbhootda
@rakeshbhootda, Hello sir , I will be replying your email today , Thank You for your interest , Happy trading
Please read support level 2372/- not 2337.50
Sir, I can see 2337.50 as support level. Want to understand the basis of your prediction to touch low of 2303.50 and thus make a N shape pattern. Please elaborate as I am keen to know your perspective.
ShreeKrishna rakeshbhootda
@rakeshbhootda, Hello the basic method i follow is Wave Analysis , its Researched BY R N Elliott in 1930 , its a Old method that explain market keep repeating it self , I use the same Method to identify repeating patterns and then Post few posts in Trading view social site
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