Rate of change of slope - PH101
Updated
"This is my trading journal, not a trade recommendation. I Will be Posting and updating the ideas regularly, as market progresses, only for educational purposes for me and others who want to benifit from my experince. Following are the observations:
1. Slope is accelerating, price as on date is 31.35.
2. Child Swings are in making, soon they will convert into mother swing.
3. Mountain base has formed (overall till date) and last swing high has been breached.
4. lower parallel and sliding parallel of pitchfork are working as dynamic demand line. Dynamic supply lines are varying.
5. Prices are consolidating in range. First target is top of range i.e 40.
6. Prices forming higher high and higher lows.
7. Last Horizontal supply zone converted into Demand zone. Can initiate long when price come to this zone i.e a push trade opportunity.
8. Stop loss can be placed below demand zone i.e at 29.5
9. Pivots are forming at reaction line in similar fashion, the way they formed on action lines.
DISCLAIMER:
Trading in the stocks market or futures markets is one 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.
1. Slope is accelerating, price as on date is 31.35.
2. Child Swings are in making, soon they will convert into mother swing.
3. Mountain base has formed (overall till date) and last swing high has been breached.
4. lower parallel and sliding parallel of pitchfork are working as dynamic demand line. Dynamic supply lines are varying.
5. Prices are consolidating in range. First target is top of range i.e 40.
6. Prices forming higher high and higher lows.
7. Last Horizontal supply zone converted into Demand zone. Can initiate long when price come to this zone i.e a push trade opportunity.
8. Stop loss can be placed below demand zone i.e at 29.5
9. Pivots are forming at reaction line in similar fashion, the way they formed on action lines.
DISCLAIMER:
Trading in the stocks market or futures markets is one 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
Use this pitchfork to follow price movementNote
on daily time frameNote
10% move in two daysNote
Caution Next pivot is close..Trade closed: target reached
Done...let the pivot formation be complete before taking next step. or one can look for shoting the stock for quick few points.Note
PIVOT ON RECTION LINE WAS PRECISE. LOVING IT..!!Note
child to mother and swap area.Note
UPPER TO LOWER PARALLEL, JOURNEY SO FARNote
Energy point Note
Trade closed: target reached
New idea posted for further updates
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