NIFTY - Double Bottom at 3, 5, 10, 15min chart
Today, for the first time, I took a trade based on the 3-minute Nifty chart. Nifty was forming a Double Bottom pattern on the 3, 5, and 10-minute charts. The RSI divergence served as my alert point. After verifying the other rules, I identified it as a viable trade. I exited with a 1:1 profit. I plan to conduct more forward testing during market hours.
You may check the 10-minute chart where a Hammer Candle appears at the second bottom. Unfortunately, the free version of TradingView doesn’t allow me to check charts at the 10-minute time frame, so I cannot share that.
Price action is superb. Learning is really important before earning.
For learning and educational purposes only.
You may check the 10-minute chart where a Hammer Candle appears at the second bottom. Unfortunately, the free version of TradingView doesn’t allow me to check charts at the 10-minute time frame, so I cannot share that.
Price action is superb. Learning is really important before earning.
For learning and educational purposes only.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.