Expecting the stock to go up, will for the bullish candle.
Looks we might be on the verge of 5th wave rally.
Basics of Double bottom and Double top trades & How to increase winning probability of trades.
I am expecting stock to go in coming week starting 13/07/2020. On the weekly chart, stock BO and retested the BO area. Wait for bullish candle on daily and go long.
Elliott wave Principle at its heart is a technique to draw correct trend lines . If drawn correctly the waves will always be in proportion and there will be lesser surprises. In the chart corrections in wave 4 are shown at different degrees of a trend . Since market is a fractal the same formula can be replicated at lesser and lesser degrees. Regards
Reliance was in range so i created a channel and reliance followed that channel for long time. When the first green candle broke-out it was the to enter and grab easy 1-2 %. a simple price action strategy and breakout strategy will be enough for you to make money.
To Anticipate the Nifty 50(INDIA) Always analyze Dow jones, Nasdaq and SGX Nifty to have a clear cut view while trading So that you can anticipate the point of reversal or sideways or trending market with extra benefit of 0.55% more than others who don't analyze these.