This is a small video on how to calculate the target in the head and shoulder pattern which will allow us to place an alert using the tradingview tools. The tradingview tools make calculating the exact target based on the patterns a lot more easier. I hope this video helps the beginners, please note this is only for beginners and if you are already familiar with...
In This chart i have marked all the points. youcan easily find base patterns.
Bank nifty hourly time frame. A good triangle pattern formed but broke down like brittle glass just after giving an hourly close above the breakout level. This is a classic study opportunity to understand how breakouts fail. Even a positive close doesn't mean anything unless price action supports it. PS: One can always go short from the low of hourly candle with...
Inverse head and shoulder pattern. I h&S pattern is a bullish pattern which signifies the continuation of price for upside.
This is the first part of the video series where I will explain how a high tight flag setup should look like. This will help you shortlist your focus stocks from the stocks that your scanner throws out. A high tight flag setup should have the following characteristics. Here I am using daily timeframe: - The pole is steep. Means high percentage move in a few...
How to react based on market conditions.. It is very important to hold your cash and keep patience before making new trades and entries..
Selecting the right time frame for technical analysis is a crucial decision for any technical analyst. In the Indian market, the trading session lasts for 375 minutes, starting from 9:15 AM and ending at 3:30 PM. While many traders commonly use the 30-minute, 1-hour, and 2-hour time frames, these intervals often result in incomplete candles, which can distort the...
We can see the patterns repeat in charts One has to be an observer when viewing charts, if you focus on patterns and check similar pattern in history, you will be able to judge what next can come with the stock Pattern Repetition: Historical patterns tend to repeat themselves in the market due to the influence of human psychology and market dynamics. By...
Pattern Identification on any Timeframe! Importance of the Factor of Safety in Projected Target To avoid the Losses! How to identify Patterns and Project the Target on the chart! I have selected NVDA weekly chart for Technical Analysis. Here the Head and Shoulder pattern formed on the Top. We can see the previous trend of NVDA was an Uptrend so the...
Conversely, if you change this to a higher setting, 30 periods, for example, then the indicator will be less sensitive to price movements. This will result in smoother wider bands that price will reach and break through less often. This will offer less trading opportunities, but the signals will be more reliable.
If you change this to a lower setting, 10 periods for example, then the indicator will be more sensitive to price movements. This will result in choppy and narrower bands that price will reach and break through more often. This will offer more trading opportunities, but the signals will be less reliable.
You can also use the distance between the bands to indicate how volatile the price of an asset is. If the distance between the bands is large, this indicates high volatility. Conversely, if the distance between the bands is small, this indicates low volatility.
If price reaches the upper band, this means it is relatively high and the asset could be overbought. You could look to sell an overbought asset on the assumption that its price will fall towards moving average. Conversely, if price reaches the lower band, this means it is relatively low and the asset could be oversold. You could look to buy an oversold asset on...
If price reaches the upper band, this means it is relatively high and the asset could be overbought. You could look to sell an overbought asset on the assumption that its price will fall towards moving average. Conversely, if price reaches the lower band, this means it is relatively low and the asset could be oversold. You could look to buy an oversold asset on...
It is important to remember that just because price may reach the outer bands does not always mean it will reverse. Always look for further confirmation from another indicator, or by using candlestick analysis.
Three main lines make up the Bollinger Bands indicator. The first of these, the central band, is a simple moving average. The second and third, the upper and lower bands, represent levels at which price is relatively high or low, compared to this moving average.
The Bollinger Bands Indicator is an oscillating indicator. Traders use it to measure the volatility of a market. The Bollinger Bands can help you to identify points at which the price of an asset is high or low relative to its recent average. This can in turn help you to predict when the price might rise or fall to its average level.
Who should use this? Larger time frames are used by swing traders and long-term investors who are interested in the overall trend and direction of the market. Advantages? Broader Perspective: They help traders and investors to see the overall trend and direction of the market over a longer period, which can be useful for identifying larger price patterns and...