A Rising Wedge is a chart pattern in technical analysis that is formed when price moves in a diagonal upwards trend, with both trendlines converging. This pattern is considered bearish because it signals a potential reversal of the current uptrend. As the pattern progresses, the price movement becomes more and more confined, which often results in a downward...
Setup The 123-chart pattern is a three-wave formation, where every move reaches a pivot point. This is where the name of the pattern comes from, the 1-2-3 pivot points. The structure of 123 chart pattern The pattern appears after three price movements, which form three pivot points and a confirmation level. Pivot point 1. This is a turning point that the price...
23 reversal setup is a basic on-chart formation, that warns about upcoming trend reversal. Setup The 123-chart pattern is a three-wave formation, where every move reaches a pivot point. This is where the name of the pattern comes from, the 1-2-3 pivot points. 123 pattern works in both directions. In the first case, a bullish trend turns into a bearish one. And...
Concept Volume: (1): We have got a clear uptrend till now (pls check the example shared) until a good volume (red) candle comes out of nowhere, as mentioned - (1). This is the first sign of weakness in the trend, long positions need to be trailed after that, one should avoid creating long positions. & high of this zone could be monitored serious turning point...
NSE:BANKNIFTY1! As we all know market moves in phases What are those phases? A primary bull or bear trend consists of two phases, specifically Accumulation phase: if the market rises after consolidating, we say that the consolidation represents accumulation (buying activity). Distribution phase: if the market declines after consolidating, we say...
How to Calculate Nifty EPS and Price for 2028. Expected average growth for 5year is calculated.
Give the system a test run EU and GU , and don't forget to express your appreciation once you secure funding ! ..If you don't have any system yet, It could be the missing piece of the puzzle you've been searching for, I can assure you that during the backtesting process, you will discover many new and interesting insights.
Confluence doesnt mean some indicators and price action .. confluence conditions can be seen everywhere from structure to entry The above structure shows you confluence with 2 major concepts in trading world HARMONICS and ELLIOT, shows you the possible areas where you could see confluence of both The 3rd wave could some times be BAT pattern or DEEP CRAB...
Trading is a waste of time - until you do this! Welcome back for another exciting video, an educational video, and an eye-opening video for a lot of traders, and I have given it a very, very interesting title that is Trading a Waste of Time. Let's find out in this short video. Recently reading a book called The Best Loser Wins. It's written by Tom Hoggard , he...
Understanding where the liquidity in the market is our edge, now note we are not anticipating a change in detraction, but a pullback after the swipe of liquidity at least 20-30 pips pullback, we take advantage of the pullback that why we go deeper to the ltf to look for entry, so we can get into the trade, and know where to get out
Hello guys today here I am sharing about RENKO charts for what is RENKO chart what are the uses and what are the benefits of this chart type. So that is why I am using RENKO chart for this publication. WHAT IS RENKO CHART (INRTRODUCTION)-: A Renko chart is a type of chart, developed by the Japanese, that is built using price movement rather than both price and...
Unlike conventional Price Action Analysis, which relies on countless chart patterns, Supply Demand Strategy focuses only on four high-probability price formations. Rally Base Drop (RBD) is one of the four price formations which lay the foundation of the Supply Demand Trading Strategy. Rally Base Drop Pattern RBD is a reversal price pattern, which one can...
Pullback Trading Strategy over 80% Success Rate Rules Moving Average - Price should above 200 Period Moving Average Entry - 10 Period RSI Below 30 Exit - 10 Period RSI Above 50 Stop Loss - Recent Swing Low I hope you understood the pullback trading rules. Chart 1 : Reliance 9.68% Up The price was clearly above the 200 Period Moving Average...
hello everyone, It's been a long that we haven't discussed anything here.. so our today's topic of discussion is how to trade/play with signs similar to Doji/ dragonfly/hanging-man etc so we know the sign very well. we are referring here to the candlestick pattern, where there is some conflict between buyers & sellers & both keep trying to push/pull each other...
The bullish Marubozo candle (open equals low, high equals close) can signal a reversal when it is found at the end of a downtrend because it shows that the sentiment has changed and that the bulls are likely to continue pushing the asset higher. Take High and Low of Candle . Take Position at Close. Target ( Total Length of Candle/2), SL : Low of Candle. Risk...
Hello Friend The bearish Marubozu candle signifies the complete control of the sellers on the market. Such is the level of the selling pressure that market participants are willing to sell their stocks or assets at every possible price point in the session. Take High and Low of Candle . Take Position at Close. Target ( Total Length of Candle/2), SL : High of...
NSE:AMBUJACEM A reliable bearish trend continuation pattern is known as Descending Triangle. This post will cover these questions: 1. What is Descending pattern? 2. How to identify Descending Triangle? 3. Pre-requisite of pattern formation. 4. Trading Tactics. 1.What is Descending pattern? #The descending triangle is a bearish formation that usually...
Market Structure is the most fundamental aspect of analysing charts, mastering it goes a long way in increasing one's reading of price. It provides us with a narrative with which to look at price. At a glance market structure looks quite simple but when studied in depth it has many nuances & can provide with very valuable information. Market structure is fractal...