FXOPEN:XAUUSD After a very Long channel Cool off Gold Might be ready for the next impulse Wave
Foreword: Support and resistance levels are a critical part of trend analysis because they are used to make specific trading decisions. The fact that these levels flip roles between support and resistance can be used to determine the range of a market, trade reversals, bounces, or breakouts. These levels exist due to the influx of buyers and sellers at key...
📚 LEARN MORE 💰 EARN MORE Inverted Head and Shoulders Definition: A head and shoulders pattern is also a trend reversal formation. It is formed by a Valley (left shoulder), followed by a Lower Valley (head), and then another Higher Valley (right shoulder). A “Neckline” is drawn by connecting the highest points of the two Peaks. Neckline resistance...
Preface Alright, the operation started after creating an extreme low at 120.20. Price has created an upward channel from the extreme low, where the equilibrium has occurred between bull and bear traders. Control line has given eleven touches, which shows the strong gravitation at the middle. Here, we can see four reversals on the upper band, and three reversal...
Grasim Trade With Help Of Ichimoku , weekly chart for long term investment ,100 % return.
#QML - High probability Reversal Trade set up. #this method gives you less #risk to high #reward. It can be used in any stocks, index, currency and as well in cryptos.
A Symmetrical Triangle is considered a bullish signal, indicating that the current uptrend may continue. It is a bullish continuation pattern. It is a volatility contraction pattern. This means volatility in the market is shrinking and a sign the market is likely to breakout, soon. A Symmetrical Triangle shows two converging trendlines, the lower one is ascending,...
If you are also struggling with your new trading career then don’t just worry, it’s not like if you are only one who is struggling, as all the new comers goes through this same phase, and those who keeps believing in them and keeps the grind on eventually pass this stage and become a successful trader in the end. In this post we will discuss about what one...
In this post I'm going to share some Price Action observations that can level up your trading game. 🚀 1) Whenever a stock breaks out on a monthly or weekly timeframe after years of resistance, the stock has the potential to deliver returns of more than 40% in the following weeks. In the chart below SASTASUNDR after a breakout from 10 year resistance gave more...
We witnessed an awesome planned fall in Bank Nifty, hope you all enjoyed and made money with the idea. Lets look at the Plan of Bank Nifty & Nifty My Favourite Bank Nifty first & Nifty Lets dig deep into the structure & my thought process behind it First thing First "KEEP IT SIMPLE BABY'' Model 1 ...
Dear all, The above chart presents a simplicity of trading, its the heart and soul of trading, let it be a trend following system or investor or day trader or scalper -its as easy as kids ABC Let me explain my points with the simple yet powerful setup with above chart and more examples: Points to consider in every setup(conservative) - Consolidation -...
A Double Bottom is considered a bullish signal, indicating a possible reversal of the current downtrend to a new uptrend. Sometimes called an "W" formation because of the pattern it creates on the chart, the Double Bottom is one of the most frequently seen and common of the patterns. The Double Bottom is a reversal pattern of an downtrend trend in a financial...
After the previous idea, I thought to make another index with 10 stocks of which I chose for basket. ESCORTS RELIANCE APOLLOHOSP BIOCON CONCOR DABUR JUBLFOOD TORNTPOWER AMARAJABAT SHREECEM Each has equal allocation. This is an interesting way of making projection.
This is a good example for a triangle chart pattern.. i have mentioned where to Buy , where to put SL, how to measure Target and where to Exit(Target)...
How I select my Stocks. How I make my selection work for me.
Dow Bottom Broken - What to do next. No one know the next market move but Dow theory tells us when to react.
Simple strategy to determine whether a market is in trend or not. Breakout implies trending of market. Consolidation shows market is range bound. Scaling in 4 times the time frame will show the activity in details and Entry into the market can be done in smaller time frame. This strategy is suitable for both Range traders as well as trend traders. Possible...
Taking A Right Breakout Trade Can Be Really Benifical, But What If It Is A Fake Breakout , Than It Will Be A Real Pain .... There Is No Way One Can Completely Avoid All The False Breakout , But It Is Possible To Avoid Most Of Them With Certain Strategies ,Which We Are Going To Talk About In This Post . . So, Lets See How To Not Trade A Breakout And Avoid Fake...