Price broke out of swing high. Life high once more. Price at Pitchfork resistance. Indicators are forming Negative Divergences, especially MACD. OI Table: Bulls are in full command with huge writing of Puts at 11000, 11200, 11300, 11400 and also 11500. 11400 Put strike is the highest OI. It means that bulls are unwinding their position from 11000 Put which has been the highest OI for last about a month and building strong position at 11400 Put strike. This is quite significant for market direction in near term. Today bulls have added total 1562325 shares at 11500 Put strike. So now we have to see if price comes towards 11515-20 for seeking support. That can be a good reentering level for playing long with an SL at 11490. Very strong bullish market.
So you decided to become a trade guru or a painter?
1. You know deep inside that You do not know moving average correctly?
2. You neither know anything on harmonic pattern. You drew some out of all pattern which are not fibonacci too. You just saw the tool and did a paint?
3. You do not know A,B,C of Elliot Wave.
4. You need a spectacle to see that price is often falling out of your so called pitchfork. You have no clue what that is actually except the pitchfork in kitchen.
5. Literally then you do OI analysis from TV channel maybe. i.imgur.com/vMCBKDF.png People can easily see 11400 has highest puts, 11500 got laddering. What is the point of writing those stuff here in a charting platform.
What is the target, stop loss and entry point of your trade?
More important question, What you are doing here? You're spoiling the entire community by doing confidently charting wrong with all the concepts available in market except OI.
ParimalDevnath
⋅
@Amit_Ghosh,
Hello My Dear Amit Ghosh,
First of all I congratulate you for being on the Top in this platform.
Now let me reply.
1) You started the dialogue with an abusive language. This clearly displays your poor upbringing. You must be booted for this misdemeanor. Moreover, your primary school teacher might not have taught you how to address while starting a communication—always with a salute. Your teacher is to be blamed, not you.
2) Yes, I have decided to be a trade guru. What is your problem? Why your stomach is aching?
3) You say that I don’t know Moving Averages, Harmonics, EWaves etc. Have you taken a test? Give an example. Else get booted.
4) If price falls from resistance levels of Dr. Andrews Pitchfork pattern, what is wrong? It has already been mentioned clearly that this is a crucial point from where price can move either of the sides. What is wrong in this? You must be booted for this nonsense.
I don’t need spectacles.
5) I don’t watch TV at all. So I don’t take clues from any source whatsoever, not at all. For OI I have a nice software. Your negative criticism is poor in taste. Get booted.
6) I am doing fine here. I don’t need your permission. You are not controlling this platform. You behave as if you own this! Shame on your poor attitude!
7) Specify which chart is ‘painted’ wrong. Your attitude is swollen with too much of arrogance. It is vicious. Remember Harshad Mehta? He wanted to control the market and he was on ‘Top’. Ask, where is he today? Only market is supreme. We are playthings at market’s hand. Have some sense of humbleness.
1. You know deep inside that You do not know moving average correctly?
2. You neither know anything on harmonic pattern. You drew some out of all pattern which are not fibonacci too. You just saw the tool and did a paint?
3. You do not know A,B,C of Elliot Wave.
4. You need a spectacle to see that price is often falling out of your so called pitchfork. You have no clue what that is actually except the pitchfork in kitchen.
5. Literally then you do OI analysis from TV channel maybe. i.imgur.com/vMCBKDF.png People can easily see 11400 has highest puts, 11500 got laddering. What is the point of writing those stuff here in a charting platform.
What is the target, stop loss and entry point of your trade?
More important question, What you are doing here? You're spoiling the entire community by doing confidently charting wrong with all the concepts available in market except OI.