Elliott wave 5 in progress.
📚 LEARN MORE 💰 EARN MORE With ForecastCity FLAG pattern Definition: A FLAG pattern is a continuation chart pattern, named due to its similarity to a flag on a flagpole. A flag is a relatively rapid chart formation that appears as a small channel after a steep trend, which develops in the opposite direction. After an uptrend, it has a downward slope. After...
Price is well above the MA Looks bullish until it falls below the resistance trend line and could reach the support trend line. Note: Volume is significantly lower may trigger price fall
William O'Neil's Cup with Handle is a bullish continuation pattern that marks a consolidation period followed by a breakout. ... The cup forms after an advance and looks like a bowl or rounding bottom. As the cup is completed, a trading range develops on the right-hand side and the handle is formed.
These are the factors that I personally take into consideration before placing a trade. These are personal views and every trader trades differently and considers different factors while planning their trades. Always follow proper money management and trade with discipline. It is important to have a clear head while trading to avoid making mistakes that you will...
I am learning this new harmonic pattern and found it working perfectly for nifty analysis. . There are several PRZ zones that nifty have shown minor correction. Levels are: 1) 0.886 - 11830.00 2) 1.132 - 12900.00 3) 1.272 - 13600.00 Now according to my analysis, it has stretched to higher levels. Slowly the pace of nifty is also falling indicating a pattern for a...
In this video detailed explanation of applying elliott wave principle has been discussed taking an example of current price structure of a currency pair EURO-SWISS. i.e. EURCHF . One should go long in the region of 1.07000 - 1.70400 keeping a SL of 1.06618 for the target zone of above the wave 1 highs that is above 1.08710
A double bottom looks similar to the letter W and indicates when the price has made two unsuccessful attempts at breaking through the support level. It is a reversal pattern as it highlights a trend reversal. After unsuccessfully breaking through the support twice, the market price shifts towards an uptrend.
A *LONG HEDGE * REFERS TO A FUTURE POSITION THAT IS ENTERED INTO FOR THE PURPOSE OF PRICE STABILITY ON A PURCHASE. LONG HEDGE ARE OFTEN USED BY COMPANIES THAT KNOW THEY NEED TO PURCHASE A COMMODITY IN THE FUTURE AND WANT TO LOCK IN THE PURCHASE PRICE. THE LONG FUTURES POSITION MEANS THE BUYER OF THE COMMODITY IS MAKING A BET THAT THE PRICE OF THE...
This is only for educational purpose
Upper Channel Break down and Possible Head and Shoulder formation
Explained in the chart.
BANK NIFTY ASCENDING CHAANNEL FORMATION SPOTTED Any of my investment or trades I share on my view are provided for educational purposes only and do not constitute specific financial, trading or investment advice. ... You must be aware of the risks and be willing to accept them in order to trade or invest in markets. Don't trade with money you can't afford to...
DISCLAIMER:There is no guarantee of profits nor exceptions from losses. Technical analysis provided on the chart is solely the personal views of my research. You are advised to rely on your own judgments while taking any investing/Trading decisions. Past performance is not an indicator of future returns. Investment/trading is subject to market risks. Seek help of...
Lemon tree on a daily chart broken the descending trend line. It has done retest at the trend line and formed a bullish candle. Lets wait for the close and see upside rally
Everyone think about how to find target at 52 week high this is illustration of yesterday trade you can find it by a some ways here is one way. Trendline you can see in charts how stock gave breakout and touch the target trendline