ITC LTDLong
200 will be in history lessons soon..!!
Updated
Compressions and Expansions all the time.
This is an educational idea and not a recommendation to buy or sell.
DISCLAIMER:
Trading in the stocks market or futures markets is on e of the riskiest forms of investments available in the financial markets and suitable for sophisticated individuals and institutions. The possibility exists that you could sustain a substantial loss of funds and therefore you should not invest money that you cannot afford to lose. Nothing in this analysis is a recommendation to buy or sell stocks or futures and I shall not be liable for any loss or damage, including without limitation, any loss of profit, which may arise directly or indirectly from the use of this analysis or reliance on such information. Consult your financial advisor prior to investing is stock market.
This is one person’s experience, your experience may differ. Past perfomance is not gaurantee of future gains.
This is an educational idea and not a recommendation to buy or sell.
DISCLAIMER:
Trading in the stocks market or futures markets is on e of the riskiest forms of investments available in the financial markets and suitable for sophisticated individuals and institutions. The possibility exists that you could sustain a substantial loss of funds and therefore you should not invest money that you cannot afford to lose. Nothing in this analysis is a recommendation to buy or sell stocks or futures and I shall not be liable for any loss or damage, including without limitation, any loss of profit, which may arise directly or indirectly from the use of this analysis or reliance on such information. Consult your financial advisor prior to investing is stock market.
This is one person’s experience, your experience may differ. Past perfomance is not gaurantee of future gains.
Note
We will start with child swings and gradually move to mother swings.Note
Swing formations are like cycle of life and death. They take birth to die again. smaller and smaller in down move and bigger and bigger in up move, cycle of compression and expansion.Note
Determined to break the channel. Holding 200 support for quite some time now. Absorption of supply.Note
Whipsaw/Shakeout is also possible, don't be afraid. Look at the Triangle, forming lower high's ? Traders will jump into short positions, if it breaks downside, only to find themselves into a bear trap.Note
Parabolic move after systematic selling phase is over
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