Price broke the support zone with momentum, So wait for a pullback and take a sell trade on confirm signal, Do not take aggresive trade bacuase there is a chance to breakout upper trendline and price can go up with the HH HL formation, In that senario we will look for the buy setup.
Wedge breakout signal with momentum, Most of the time price goes in the direction of the breakout, But do not take a trade on wedge breakout, Always wait for a pullback for a clear sign of continuation
Price break the trendline with HH & HL formation and its a sign that price will go up, If price hold above the trendline then we will take a trade on the setup.
Price break the trendline by making LL and LH and it's a sign of a downtrend, Now we have to wait for clear setup to enter the market, Do not enter in the market without confirmation.
Same price structure, Train your eyes to find this kind of setups and it's easy once you understand market behaviour and always do top-down approach to analyse the market, Multi-time frame analysis gives you the edge in the market and always focus on the higher time frame for long term profit.
Infratel is in downtrend from oct 2017 but now we can see the buyers are trying to control the market as per momentum signal, Now we have to wait for a pullback to enter in the trade.
Price broke the trendline and trading above the trendline, Its a sign that buyers are more powerful than seller, So look for buy only and we can see a counter trendline, So wait for the break of trendline with momentum and take a buy trade
The overall market is in uptrend and the market is in correction mode as per 1hr, also we can see sellers are losing control as per the momentum signal, Now we need to wait for buying signal with momentum to take a buy trade.
Market is in uptrend as per higher time frame and we can see a nice downward channel in 1 hr time frame, So we need a clear buy setup to go long, Always trade in a direction of a highr timeframe.
Price making double bottom near trendline support and there is a horizontal support also, So we can look for buy near this area but wait for confirm momentum signal.
