HEAD AND SHOULD PATTERN I am sure that you heard about the head and shoulder pattern this is the best example of head and shoulder Head and shoulder pattern is good for reversal of price but if u trade head and shoulder in isolation The. U must stop out . THE strong uptrend donot reverse just...
If u want to trade breakout then you have to focus on price action Near resistance level # The price unable to break a resistance level for long time First time the price break the resistance but it is a feke breakout Second time price break and show a massive move How to avoid fake breakout # have patience the price do 3 things if it is real...
If you want to trade breakout unhave to keep some points in ur mind 1) See price action near the resistance level # price consolidation # candlestick pattern # volume 2) If u miss the trade on BREAKOUT level don't worry price will do 2 thing # price retest the key level # price take pause in terms of...
BULL TRAP The price is taking resistance from a key level many times . The trader are waiting for price to break the level The fourth time the price breakout the key resistance level the immature trade took entry without confirmation Of ( pullback, retest or consolidation) and had stoploss below the...
Elliot Rules and guideline 1)Wave 2 should not retrace entire wave 1(Here on cycle degree it retraced wave 1 by 61.8% which is ideal as per guideline) 2)Any one wave entend's other 2 by 161.8%,other 2 being equal in length(As per guidelineTypically wave 3 extend's and 1 & 5 tends towards equality).Here also Wave 3 extend's wave 1 by 161.8% and wave 1 and 5 tends...
Candlestick works near support and resistance and how this pattern works depicted on chart. Bullish harami Bearish harami, Bullish engulfing Bearish engulfing Hammer piercing and dark cloud cover
understanding market psychology and market structure 1] price can take pause ,rejections and acceptance at imp psychological levels -round figures, previous day high ,low ,close and pivot level. 2] 15 min hammer candle can triggers huge rally.
1] 15 min candle taken support on PREVIOUS DAY Trendline and stronger rejection for consecutive 3 candle (no 15 min candle close below trendline) and respecting PREVIOUS DAY trendline indicating that bull are strong enough and trying hard - during running market -(IS STRONG SIGNAL WITH CONFLUENCE) 2] forming strong hammer candle at day low, SO ENTRY IS...
See the power of Moving averages Observe it closely and took ur own decision
I share my analysis and also take the trade and earn a good lum sum Get ready for next
After almost 3 months the stock has broken out of the rectangle or channel pattern with great volumes with RSI entering super bullish territory of above 60(Acc. to unconventional RSI). With a retest and a bullish candle on the previous resistance which now has become support this stock is ready to fly to new highs. Moreover, sector is also bullish. Therefore, a...
NZDUSD end of the downtrend and start a fresh uptrend creat only long position at few days and weeks
TataSteel - NEWS - Results on 11 Nov, highest ever quarterly profit. Expectation - Strong buying and big trending move. What actually happened ? - Fall from 1340 to 1271, down 1.3 %. As usual news channels hype the results, so called 'analysts', big players declare it the best thing ever. Those unaware of the game buy this fake hype, they buy at open.......
Indices try to move out of this range that 17850-18000, So if it trample 18000 then it might be move for 18120-18250 or if it not able to sustain above 17850 it might be reverse from 17550-17600.
On the 1H chart, we draw Fibonacci taking swing highs and swing lows. It's clearly visible that TaPo takes support at 0.236 retracements. If it sustains and respects these support levels, a further upmove to the levels where it faced resistance (i.e. the recent high tested yesterday 10/11/21).
Chart is self explanatory..... obtained support as shown on the daily time frame and coupled with MA, the stock is likely to be on uptrend from here. If the current support is broken, it can fall further till the next support level as shown. Disclaimer - The analysis is for educational purpose.... suggestion welcome.
Dow Theory - Accumulation and Distribution Accumulation is marked by resource-rich participants accumulating the stock at lower levels when other participants are fearful Distribution is marked by resource-rich participants de-liquidating the stock at higher levels when other participants are greedy
In this Idea I'm going to share the simple price action trade which I have taken the May month in the stock D-MART. Before taking any trade a trader must have find at least 3 confluences which align in the same direction so that we have a clear vision of the particular trade either it's a short trade or buy. By doing you are following a number of certain rules...