Kinnari_Prajapati
Education

Tails and When to use it?

NSE:SBIN   STATE BK OF INDIA
TAIL, This is a reversal of prior trend pattern that shows up as one candle reaching out well beyond normal price action. Sometimes referred to as a Hammer which is used to spot signs of a reversal indication.

For Example, 1 Tail at a value low and Psychologically, this can signal exhaustion in the selling mentality and a developing appetite for long exposure among traders. Being able to read this market behavior will add value to a trader’s analysis. Furthermore, the same sort of reversal in emotion can be seen in the other direction. Vice versa, 3 Tails at Value high and seen price rejection and change in direction.

  • The "volume" surged 2x from average volume when TAIL is created.
  • 3 Tails at "Value High" of the channel and 1 Tail at the "Value Low" of the channel.
when can we see reversal if we want to play positional lot ? should we wait ?
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Good one
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Great!! Many thanks for educating.. Keep enlightening..
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Great. Educative.Thanks
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good job Kinnari, very educative, thanks
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This is one of the best analysis i have seen in recent past, channel rotation combined with volume analysis at reversal points. Really appreciable !!
+1 Reply
@rajsoneji, i ll write soon a tail trade strategy.
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rajsoneji Kinnari_Prajapati
@Kinnari_Prajapati, Well, that's great !! You're doing really good job for our trading community.
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optiontrader4544 Kinnari_Prajapati
@Kinnari_Prajapati, can u suggest book for technical analysis I already have john murphy but it does not have patterns like butterfly etc
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