1. On 12th of Sep 2020, I wrote in my blog of nifty about this fall those who follow my words would be in great profit whether they would write or not but I prove in my statements quoting point no.1 of the trade plan section as proof of my wordings " I made one white support If a total no of two candles gives close to below this level I will surrender my long. I will not wait until the red to be taken out". See I circled in green the candle took support on that white line and gave rally to upper pink & yellow zone. The point to be noted why I gave a white line as to make & breakpoint. Whereas the pink zone was already present there and you can see the first time took to support and gave rally. on the other hand, when broke this support free fall seen. Nobody can create this sort of perfection in any platform available in the stock market. Everybody will provide only a pink zone not the white line just below it. This proves the depth of knowledge you get in my analysis consistently without fail. The main thing is I manifest moves many days ago before they appear in reality. People are not able to manifest correctly daily but I provide you many days ago with confident marking. check my 215 + post when I put green and red arrows price never ditch my analysis rather obey my sketch. The words I use in my blog are full of confidence because I prove the move of the market way beyond one expectation.
2. I did not stop here even in point no.1 of the same section Is quoting as proof " See I made a red zone till this zone is not taken out on both time frames of 1 hour and 15 min my biased is for the long side. But when it is taken out I will like to trade in a downside with the target of white support. The red arrow is showing that support." In the above-highlighted condition, I told where I will surrender my longs and in this statement, I mentioned the target of the white support line. You would have read many blogs in your life, can show a single one where the move is manifested 15 days back and marked in simple lines and price following the outline consistently. I provide you with an authentic way. Many people are earning from my analysis some of then write with courtesy but some only interested in taking not giving back to society by raising the morale of newbies. Setting the previous fig to compare with the current one.
3. See taken out condition works 100% in trending moves but when it is sideways then the success ratio is 60/ 40 . I marked a blue square where It got satisfied but triggered the sl of the breached candle. You can see after that price was sideways. But in green square price was trending so did not trigger sl and gave a good fall. So when you trade with a taken out condition always put sl it is an art that you have to learn with your own experience there I can not help.
Trading Plan for next week.
1. If the price takes out the red zone in both the frames then the trend will change to the upside. On the contrary, If the blue dotted line is taken out then will see more fall.
Disclaimer:- This is an educational blog. Do not guarantee any move for trading.
Or price movement is something which we should observe by our own ?
for example sometimes - lower lows is occured and all of a sudden it changed to Higher which I am unable to forecast.