Strategy to execute trades in forex market, works for all pairs (please do back testing to gain confidence) : What we need : Candle Sticks Timeframe – 1 hr Bollinger Band – Length 20 and StdDev 2.5 Bollinger Band – Length 20 and StdDev 2 RSI – Length 6 Stochastic Oscillators – 14,3,3 MACD – 8,21,5 Confirmation with indicators should be in same trend with candle...
TCS has formed double bottom at 3390-3405 and it is now facing resistance at 61.8% FE level (July 28 Lows - Oct 8 Highs). It may retest the neckline which is also at 50% FE level before taking upward move.
AXIS BANK NOW MOVING UPSIDE MACD AND RSI IS SHOWING POSITIVE CURVE LETS HOPE IT WILL CLEAR 700 AND MOVE TOWARDS 1000 above information is provided only for education purpose only BEFORE INVESTING PLEASE KINDLY TAKE EXPERT ADVISE.
Link below in description of my previous educational information on Horn bottom and Horn top pattern. In that chart, I was not able show the example for horn bottom, clearly. In this chart, you can find horn bottom pattern, where 'H" shape candle pattern is formed with a week difference. More information about how to trade the pattern, provided on chart. Kindly...
Lack of buy trend(Higher Low, Higher High) before the weekly chart pattern breakout resulted in price fall
Hourly chart pattern breakdown after the weekly chart pattern breakdown resulted in price fall
Daily chart pattern breakdown after the weekly chart pattern breakdown resulted in price fall
Weekly chart pattern breakdown along with sell trend(Lower High - LH, Lower Low - LL) in daily TF resulted in price fall
Daily chart pattern breakdown will occur after the monthly chart pattern breakdown in this stock
Nifty 50 index would get supported by monthly TF swing's 38% fibonacci retracement for a while
Buy trend (Higher Low, Higher High) was formed in daily TF with the support of weekly chart pattern. Hence entry before the weekly chart pattern breakout was acceptable and considered good.
This stock gave good movement after the daily chart pattern breakout
Bullish movement in this stock after weekly chart pattern breakout was stopped by daily chart pattern breakdown
Bullish movement in this stock after monthly chart pattern breakout was stopped by weekly chart pattern breakdown
Horn tops are formed in an uptrend and are separated by a week on weekly chart. It appears to be in 'H' shape. Horn top pattern formation indicates bearish reversal. And there will be price spikes while formation, as seen in above chart. Later, once the pattern is confirmed, short positions can be initiated when the price closes below the low of horn top...
NIFTY has been trading in a ascending channel for the last few months, properly following and respecting the course of the channel until yesterday when the new variant of the corona virus has seen a negative impacts on the global front. There was a gap down and also a breakdown as we can see the red candlestick has clearly breached the lower support of the...
In this video I have explained when and how NOT to use Candlestick Patterns.
Let's analyze the charts using different indicators that are commonly used so as to see what the different traders are looking at. Daily time frame 1. The RSI still has a potential for further selling. We are near the oversold territory. 2. There is no prominent support on the daily time frame until 15900-16000. 3. The 200 MA cluster is near 16100, which...