What Is a Rounding Top? A rounding top is a price pattern used in technical analysis. It is identified by daily price movements, in particular the tops, which when graphed form a downward sloping curve. Technical analysis of price information suggests that a rounding top may form at the end of an extended upward trend and that this price pattern may indicate a...
This made a bullish Cup & handle pattern. Wont miss this opportunity!!
after a short downtrend inverted hammer formed at the end.Is it a reversal sign???
Hi Its been a while since my last post. In this post I have represented selective candlestick reversal patterns. In a candlestick, "body" represents the distance between candle OPEN and CLOSING price. Whereas "wicks" represent the entire range of the candle from TOP to the BOTTOM. In most of these patterns only bodies are important. There are no conditions for...
This short video explains how the evening star turns into a wedge pattern. If correct, downside 16590 was critical support, holding above Nifty could bounce back again to 16680-16700. On the upside, Holding below 16712 highs, It can attempt to fall back again to 16615-16625 & assuming that if Index falls below 16590-critical support, it can fall to 16500 / 16440 /...
This is the monthly chart. Recently Biocon broke the support levels of 360-365 and this resulted in a major 10% fall upto 330 levels. For long term investors, the question that arises here is - Where is the next buying zone? From which price levels the stock will show a bounce back? Here we will learn the use of EMA or Exponential Moving Average. Every stock...
👑 Terms used if you don't know : ✣ An inverse head and shoulders also called a "head and shoulders bottom", is similar to the standard head and shoulders pattern, but inverted: with the head and shoulders top used to predict reversals in downtrends. This pattern is identified when the price action of security meets the following characteristics: the price falls...
A bearish engulfing pattern is a technical chart pattern that signals lower prices to come. The pattern consists of an up (white or green) candlestick followed by a large down (black or red) candlestick that eclipses or "engulfs" the smaller up candle. Bearish Engulfing Potential Sell Signal: Three ways for selling using the Bearish Engulfing Pattern from most...
The Third Video on Education series - Engage - The Trade Setup The Reversal Pattern that I have discuss is the Outside reversal setup, which is a pattern that can spotlight some of the best reversal opportunities in the market. studied from Book Secrets of a Pivot Boss: Revealing Proven Methods for Profiting in the Market www.amazon.in Happy learning. (...
SYMMETRICAL TRIANGLE Clearest Symmetrical Triangle formation you will ever see. Multiple rebounds from bottom and top trend lines. Trading within the pattern. Symmetrical Triangle is a Bilateral Pattern, i.e. can go either way. Therefore, Technical Analysis needs to be supplemented by Fundamentals to assess more likely outcome.
candlestick(marubozu) + chart pattern (head & shoulder)
This is a weekly chart of IBULHSGFIN as we can see it gave a good triangle pattern breakout and this stock turning bullish. It sustains 246 levels then the next level is 360.
Candlestick Interpretation After a downtrend ; Bullish Hammer , Bullish Engulfing , Inside bar , accumulation zone are formed as a act of Fibonacci retracement in Daily chart. Which gave a nice 11.8% profit with 3% stoploss.
Following price action is at the core of markets. One glance at a chart can show you a trend, trade idea, or serve as a quick way to check the holdings in your portfolio. Candlestick charts are one of the most popular ways to look at price action. A single candlestick shows the high, low, open, and close for a specific time period. This means that a lot of price...
I've never been a fan of fancy indicators because price action is best leading indicator out there. This is one of the most popular and effective strategies for short term. I prefer the 3 candle compression because it works for me more often. One can experiment as per their liking with just 2 candles or more than 3 candles. Strategy is once the first 2...
A bullish engulfing pattern is a candlestick pattern that forms when a small Red candlestick is followed the next day by a large Green candlestick, the body of which completely overlaps or engulfs the body of the previous day’s candlestick. Bullish engulfing patterns are more likely to signal reversals when they are preceded by four or more black...
people often mistakenly see this signal as the morning star signal and book losses. this signal does not fulfill a very necessary condition of the morning star signal, ie., the third day candlestick does not penetrate at least half of the first day black candle which is of utmost importance!
If the profit was booked when 3% was reached then the result would have changed big time.