1. Supply & Demand Zones.
2. Support & Resistance.
3. Bullish & Bearish Order Blocks.
as shown on main chart.
Like other technical knowledge, This also are not a holy grail. It can only assist you in building a good strategy. You can only succeed with proper position sizing, risk management and following correct trading Psychology (No overtrade, No greed, No...
Cup and Handle pattern on weekly chart has formed and Breakout with high volume has occurred above the neckline. This stock has the potential to double in no time.
In technical analysis, a breakout refers to a substantial price movement of a financial instrument, such as a stock or commodity, surpassing a specific level of support or resistance. This occurrence is of paramount importance, as it frequently signifies the initiation of a new trend, offering traders and investors valuable insights for informed...
Observed a subset of the vcp/breakout pattern that's worked for me a few times.
1. Stock needs to be in an uptrend. As in the 10sma, 20sma, 50sma are all stacked and rising.
2. Price forms a "hump"
3. A shakeout at the end of the hump. Shakeout candle at minimum goes below 20sma, but closes in green at eod.
4. Next day breakout with huge volume. Try and get in...
Welcome To Trend Talk😊
How do the MACD and RSI indicators differ?
- The moving average convergence divergence (MACD) indicator and the relative strength index (RSI) are two popular momentum indicators used by technical analysts and day traders. While they both provide signals to traders, they operate differently. The primary difference lies in what each is...
👉 Introduction
Breakouts are crucial in trading because they offer opportunities for quick gains through momentum. However, trading breakouts can be challenging. Around 80% of breakouts fail due to market inertia—where markets tend to continue their existing behavior. When a range attempts to break a comfort zone, some participants defend their positions,...
Bajaj finance shows clear formation of Head and shoulder pattern formation
Lets see it continues the pattern or challenges
todays price action suggest it will follow the pattern
CORAL INDIA FIN has a CUP & HANDLE PATTERN in the Monthly chart with a GOOD VOLUME Weekly breakout & retest level of 60 If the sustains level moves up trade 1st target will be 90-106
A Dow theory is a chart pattern which can be either bullish or bearish .
BULLISH DOW THEORY
High is broken but low is not broken
Higher high, Higher low
If low is broken, Trend change
BEARISH DOW THEORY
Low is broken but high is not broken
Lower low, Lower High
If high is broken, Trend change
# 10 Points Strategy to Master Crypto:-
(More the points confirmation more may be the accuracy).
1. Market Cycle - Know the Bigger Picture - Establish a Bias - Its Bullish or Bearish.
2. Market Cap Dominance Percentage chart - Interest Increasing in Bitcoin or Altcoin.
3. Open Interest - Total Buyer & Seller Increasing or Decreasing.
4. Long/Short Ratio -...
Please watch the material posted on Youtube from the Foundation for The Study of Cycles. The key phrases you are looking for are Cycles of Repetitive action and best fit.
What Is an Ascending Triangle? An ascending triangle is a chart pattern used in technical analysis. It is created by price moves that allow for a horizontal line to be drawn along the swing highs and a rising trendline to be drawn along the swing lows. OANDA:XAUUSD
Price has a habit of repeating historical pattern, as patterns are nothing but psychology of thousands of traders watching same charts. Nifty currently is showing very similar price pattern on daily timeframe which it developed in 2015-16, where previously it made a top and then was facing a resistance on falling trendline and sort of made triple/multiple tops. It...
here we have discussed what are the important things that you will need to become a successful trader.
1. Techinical Analysis Skill: Understanding the chart behaviour;
Price
Volume
Support and resistance
Trendlines
2. Risk Capability
How much money you can afford to lose on a single order, and on a single day.
3. Peace of Mind
Are you having...
A Pocket Pivot is a specific price action pattern that signifies potential institutional buying pressure within a stock's base or uptrend. It is characterized by two key elements:
Higher Volume : The current day's trading volume must be significantly higher than the volume of any down day in the previous 10 days. This surge in volume indicates increased...
If you are a stock or options trader, you might not have taken the trade without analyzing the charts. Gone are those days when traders punch orders just by looking at the prices. All professional traders prefer to take the shot after viewing the chart and that too after analyzing multiple timeframes.
There is one player who has made a heck of a difference in...
Normal divergence can provide insight into a potential market reversal ahead of time. Hidden divergence can provide insight into the potential trend continuation ahead of time.
