MENTION THE BUY SELL SL LEVEL - IT WILL BE HELPFUL TO ALL
HarmonicsInAction1
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@murugavelshanthi68, I will try. Mostly for bearish patterns, the lower line is the beginning of the reversal zone. Watch out for price movement when it enters the level.
sabu_m
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Didnt understand, your D is at 700. Do you mean to short at 700> The daily candle is a bearish harami indicating reversal .
HarmonicsInAction1
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@sabu_m, I meant that I will short it only when it reaches 700 levels. Till that point it is in no trade zone for me.
sabu_m
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@HarmonicsInAction1, Thank you... for your clarifications, It has not closed above the top of 23rd april, so I think the bearish reversal is still in place. Lets wait and watch ..
Harami patterns work wonderful when there is a squeeze in price. Will not work always. Don't just short whenever there is a Bearish Harami.
Let me know if you need further info brother.
sabu_m
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@HarmonicsInAction1, Thank you bhai, I am quite new to these chart patterns, started learning a few months back, and is yet to read and learn about harmonic patterns and elliot waves. You and a few others in trading view is helping me a lot to learn and understand the basics. I dont trade much as i am not that comfortable yet. Would greatly appreciate if you have any recommendations of books to read on harmonic patterns and elliot waves. Thank you..
HarmonicsInAction1
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@sabu_m, Bro, Elliott waves is quite advanced and highly subjective. Hold on to learning it before you have good knowledge of swings, price Action etc.
Infact i would suggest read some Price Action books/watch videos on Youtube.
If you still want to go quick, read Scott M Carney books on Harmonics.