On the price chart can be draw in parallel lines. For example, prices come right in front of you. If this is accurate and if I call the channel of the true value you draw. No, see if it is contained by parallel lines. It is a reasonable price, the price of the action counter train is contained by the action parallel mind, so if the price action is not contained...
Static dynamic support if coincide together then zone is high probable trading and investing zone and same for static and dynamic breakout coincide together is also high probable trading and investing zone. like the page if u love this depiction
This chart is explaining static and dynamic support. here horizonal base line is creating as static support and 200 EMA is creating dynamic support arrow upside mark below 200 EMA is showing dynamic support for price arrow upside mark below horizontal line is showing horizontal support line click like button if you like this support tutorial
A flag pattern is a trend continuation pattern, appropriately named after it’s visual similarity to a flag on a flagpole. Flag patterns can be bullish or bearish. 1. Flagpole: A line extending up from this break to the high of the flag/pennant forms the flagpole. The flagpole is the distance from the first resistance or support break to the high or low of the...
All the rules of elliot wave 1. Wave 2 can never retrace 100% of wave 1 2. wave 3 can never be shortest 3. wave 4 can never get into the price territory of wave 1 if they do not match then you are not placing the waves correctly
Why do I prefer taking trades at 3:25 p.m.? Most stock prices rise significantly after 3:25 or fall just before 3:25, forcing us to enter at a lower price. Second, we simply want to be as close to the closing price as possible because many intraday positions are squared off at 3:20 p.m. and the price remains somewhat volatile for the next 5 minutes. In my...
Post covid IDFC FIRST has been moving up in an impulsive manner.Impulsive move advance's price in 5 waves of which 1,3 and 5 are in the direction of primary trend and 2 and 4 are counter trending. Elliot wave Patterns discussed in this chart and it's rules. *Elliot wave impulse pattern and rules: #Impulse pattern 1)Wave 2 doesnt retrace wave 1...
Just identify big candle move in ur chart which is strong enough so this is kind of move is made by Big player , draw the zone using open and close of basing candle and wait for price to retrace and show The price rejection The price rejection because bank deploy their limit orders Keep learning
Hey everyone, Here is a detailed analysis of Cardano . It has been in a downtrend since September first week. We might consider this downtrend as a correction if it takes support on the 0.786 level of Fibonacci . Let's get into the history of ADA and what happened in the past few weeks. ADA retraced from the golden zone of Fibonacci of the previous wave and...
Here is a stock with good cash flows and EPS. RVNL made its previous all time high in January '21. Then, it went for a healthy correction at the end of the month. Getting retraced from the golden level of Fibonacci, then it consolidated till the 3rd quarter of the year. It skyrocketed to the new high at 44.80 in mid October. In this situation, I drew the...
Overview: This is a day trading Indictor works using support & resistance and market trend, it is designed for all type of markets (crypto, forex, stock etc.) and works on all commonly used timeframes (preferably on 1H, 4H Candles). How it works: Core logic behind this indicator is to finding the Support and Resistance , we find the Lower High (LH) and Higher Low...
Hi all, today we are going to study about basics and usage of technical analysis. I have prepared this wholesome post so that you guys are able to understand what technical analysis is all about. I have shortened the sentences to readable points, hence, don't mind the grammar. Learning objectives: After studying this post the student should be able to...
A Cup and Handle pattern is a bullish continuation pattern that resembles a teacup on a candle chart followed by a breakout. The cup part of the pattern is where the price gradually changes its direction from bearish to bullish. The handle part is when the price pullback slightly before roars higher and continues the previous trend. Cup and handle is used to...
Hey everyone, My previous education idea on Fibonacci Retracement got some good response. Today, I’m back with another education idea, explaining an awesome tool called ‘Pitchfork’. Alan Andrew, the creator of Pitchfork tool, got inspiration from Roger Babson’s action reaction lines for the idea of this epic Pitchfork tool. Likewise, Roger also got inspired from...
Apl Apollo is one of the leading companies in Indian Steel sector. I had some previous posts on it as well, which played out well for me. The key aspect is to put urself in those big shoes and think like an Institution. The key problem if you are an institution and want to buy a sizeable portion in a share is LIQUIDITY. How will you get enough sellers to buy...
When ever you trade support or resistance or trendline Alway trade after a false break This is only for education purpose donot trade
To become successful in trading its not that what your system win rate or risk reward is ;rather its the Risk management. Every professional trader manage their risk and not trade with random position sizing. They're very strict for the same. Most of the new traders either don't know what the term is or they don't take it seriously. But it's the most crucial part...
ELLIOT 3RD WAVE SETUP What is Wave 3 of Elliott cycle? Image result for 3rd wave setup in algo trading The third wave of the Elliot wave theory is the most visually standing out wave. After the consolidation of the second wave, third wave breaks out. The third wave is a 161.8% Fibonacci extension of the first wave. As it is an impulse wave it is always in the...