This is how a typical accumulation and distribution phase works in stocks Usually, we are thought about how to trade moving average cross overs, but actual cinema runs behind the picture is that there is a whole lot of accumulation that goes on by big boys, and a typical breakout scenario is created by distributing which is reflected in chart patterns please go...
What is descending triangle ?? The descending triangle is one of the top continuation patterns that appears mid-trend. Traders anticipate the market to continue in the direction of the larger trend and develop trading setups accordingly. The descending triangle is a bearish pattern that is characterized by a descending upper trendline and a flat lower trendline...
What is Breakout Trading ? A breakout is a potential trading opportunity that occurs when a share price moves above a resistance zone or moves below a support zone on increasing volume . For trading breakouts one should be aware of support and resistance . It acts as the backbone of Price Action trading. What is Support & Resistance ? Support is a place...
By set and forgot method you defeat the opponent called trading psychology By this method you can spend time with ur loved once rather than being frustrated without no reason Remember price move in way he wants so by staying on screen can't change anything
How I select stocks and make my final list. There is a myth that bigger the list bigger chance of winner.
Tradingview has recently introduced new Technical Indicators that can be used to identify chart patterns that can be used to predict future price movements and determine the entry point to a position. These indicators can be used to find the following chart patterns: Bullish Flag, Pennant, Double Top, Triple Top, Head and Shoulders, Triangle, Rectangle, and...
There are plenty of indicators traders use to help them to make trading decisions. Every trader have their favourite indicator/indicators. What is your favourite indicator? Write it in the comment. We are going to know about the indicator AVWAP(Anchored Volume Weighted Average Price) in this post. What is the speciality of AVWAP? We can place it anywhere in...
Preface Macd indicator use to help them to make trading decisions postional trade. Every trader most of the use macd indicator .Because trader favourite indicator and what is your favourite indicator ? Write it in the comment. Speciality of Macd indicator? Macd Negative area(zone,cross) see nifty 50 chart this date 21 jan 2022 macd move down side ...
this is a very good strategy for day trading and positional trading,
The head and shoulders chart pattern is a popular and easy-to-spot pattern in technical analysis that shows a baseline with three peaks, the middle peak being the highest. The head and shoulders chart depicts a bullish-to-bearish trend reversal and signals that an upward trend is nearing its end. Formation of the pattern (seen at market tops): Left...
this is a quasimodo in buyning side when price is correct. In Latin : Quasimodo means a new born baby. Hence in price action Quasimodo means a new born trend. For us the Quasimodo is a Price action Pattern which Suggest a long term reversal in trend of a particular Script. key Level: Found at all time high area After a substantial rally at the top near to a...
It look like reliance chart daily time frame complete zig zag correction Wave formation Wave (A,B,C) Zig Zag patterns Wave A internal wave count (1,2,3,4,5) Wave B internal wave count (a,b,c) Wave C internal wave count (1,2,3,4,5) Rules and objectives: The C-Wave is Smaller than 61.8% of the A-Wave This represents the least frequent situation, when the...
Asian paints had corrected more than 16% in just a month . After 101 days, the price is back to the strong support zone. Price has made a kangaroo tail/hammer candlestick pattern on the support zone. 200EMA is also near to price. Wave principle is also giving a similar explanation. There are three confirmations to find the ending point of wave four. 1. Price...
We can count waves using traditional patterns like Head and shoulders, Double Top and Bottom, Triangle, cup & handle, etc. This article is about how you can count waves by identifying chart patterns. I have covered Three chart patterns in this article, 1) Triangles 2) Head and shoulders 3) Double Top and Bottom 1) Head and shoulders : In addition, the two lows...
It looks like mother Sumi has completed the 4th wave correction, and the ending point of the corrective wave (4) is the starting point of wave (5). Wave (4) is occurring in double three corrections. A "double three" consists of two corrective patterns, the first labeled W, and the second label Y, separated by a corrective pattern on the opposite side, which is...
Elliott Wave background In the 1930s, R.N Elliott identified the price of the stock trends and reversed a specific pattern. This pattern is repetitive in form and, the patterns have predictive value. He decided to use this pattern (Elliott wave theory) to predict the market. The Elliott wave is not primarily a trading system. It is a detailed description of...
Mahindra _Mahindra one hour current chart Zig zag correction normal Zig zag correction show if wave A low not break see my chart learn Zig Zag correction find live chart -> Daily chart Zig Zag patterns formation it look like GABRIEL INDIA CHART Zig Zag correction WAVE FORMATION WAVE A ]show yellow colour circle --> in inner wave 5 wave sturture .i am count...
GABRIEL INDIA --> Daily chart Zig Zag patterns formation it look like GABRIEL INDIA CHART Zig Zag correction WAVE FORMATION WAVE A ]show yellow colour circle --> in inner wave 5 wave sturture .i am count 1,2,3,4,5 in black colour WAVE B show yellow colour circle --> in inner wave 3 wave sturture .i am count a,b,c in red colour WAVE C show...