Just for education purpose. Will keep on sharing more patterns. Like & Share Please! :-)
A flag pattern is a trend continuation pattern, appropriately named after it’s visual similarity to a flag on a flagpole. Flag patterns can be bullish or bearish. 1. Flagpole: A line extending up from this break to the high of the flag/pennant forms the flagpole. The flagpole is the distance from the first resistance or support break to the high or low of the...
Why do I prefer taking trades at 3:25 p.m.? Most stock prices rise significantly after 3:25 or fall just before 3:25, forcing us to enter at a lower price. Second, we simply want to be as close to the closing price as possible because many intraday positions are squared off at 3:20 p.m. and the price remains somewhat volatile for the next 5 minutes. In my...
Just identify big candle move in ur chart which is strong enough so this is kind of move is made by Big player , draw the zone using open and close of basing candle and wait for price to retrace and show The price rejection The price rejection because bank deploy their limit orders Keep learning
Hey everyone, Here is a detailed analysis of Cardano . It has been in a downtrend since September first week. We might consider this downtrend as a correction if it takes support on the 0.786 level of Fibonacci . Let's get into the history of ADA and what happened in the past few weeks. ADA retraced from the golden zone of Fibonacci of the previous wave and...
Hi all, today we are going to study about basics and usage of technical analysis. I have prepared this wholesome post so that you guys are able to understand what technical analysis is all about. I have shortened the sentences to readable points, hence, don't mind the grammar. Learning objectives: After studying this post the student should be able to...
A Cup and Handle pattern is a bullish continuation pattern that resembles a teacup on a candle chart followed by a breakout. The cup part of the pattern is where the price gradually changes its direction from bearish to bullish. The handle part is when the price pullback slightly before roars higher and continues the previous trend. Cup and handle is used to...
Hey everyone, My previous education idea on Fibonacci Retracement got some good response. Today, I’m back with another education idea, explaining an awesome tool called ‘Pitchfork’. Alan Andrew, the creator of Pitchfork tool, got inspiration from Roger Babson’s action reaction lines for the idea of this epic Pitchfork tool. Likewise, Roger also got inspired from...
Apl Apollo is one of the leading companies in Indian Steel sector. I had some previous posts on it as well, which played out well for me. The key aspect is to put urself in those big shoes and think like an Institution. The key problem if you are an institution and want to buy a sizeable portion in a share is LIQUIDITY. How will you get enough sellers to buy...
When ever you trade support or resistance or trendline Alway trade after a false break This is only for education purpose donot trade
Whenever you open your chart and you want to trade with bank and financial institutions so Simple find big and strong candle which is only created by big players so see the chart carefully And identify where the big boys want to take the price and just follow them Trade on your risk
Kiss(Keep it simple and straight) In the chart I have drawn simply horizontal line on previous lows and highs where share price touched Max candles These Lines will be our TGTS (Entry and Exit Levels) Guys you have to just wait for 15 min candle break out with if you want to hold for week For intraday trader wait for 5 min candle breakout It has broken the...
When ever you see a strong support or resistance level don't just trade just after seeing the green or red candle in ur favor what you can do is go to lower time frame and observe how price is behaving and let the price tell you that When the price rally from support or resistance level , because of this we have better time our entry and donot need to Stuck our...
Learn how to determine SL levels using BREAKOUT INDICATOR. This indicator not only helps in finding BREAKOUT trades but also helps you determine SL levels, target levels and much more. Combining with 44EMA you can take your trading to the next level. The best part is that it works on any script, be it cryptocurrencies, commodities or indices. Never take a SL...
Unit_of_Technical_Analysis: Weekly Cycles Chapter 4: Trading Fibonacci Levels & Extensions of the Bull Cycle Fibonacci levels Tools used: 1. Fibonacci Time Frame: Weekly Method: 1. We have got the Bull cycle of 2016-2020 here and we are measuring the moves on Fibonacci Retracement on 2012-2016 cycle. 2. We have got the Bull cycle of 2020-2023 here and we are...
When every u see a strong trending or trending market so alway enter on PULLBACKS because it protect Your stoploss from hitting before market move in ur favour MAKE A RULE IN UR TRADING RULE BOOK THAT IS (I ALWAY ENTER ON PULLBACKS) Keep learning from ur stoploss
Patterns have been in use for as long as technical analysis have existed and are working today also, traders all over the world try to find patterns in chart to anticipate the possibility of the next move for any Index or stock. Pattern have a reason for working this greatly because all the patterns have an underlying psychology behind it and all these are driven...
Unit_of_Technical_Analysis: Chapter 3: Bull Cycle: how to identify prior phase, The Bull Cycle, How to trade the Bull cycle. Tools used: 1. Fibonacci 2. Relative Strength Index (RSI) (36) 3. Moving Average Convergence Divergence (MACD) (18, 36, 9) 4. Moving Average (MA) (36) Time Frame: Daily Method: 1. Bullish Divergence & Falling Wedge (or...