Flag and pole is a bullish pattern. I it breaks the channel upside stock price makes a new high. But if it breaks the downside then it will no good breakout. How flag and pole pattern work:- Flags are areas of tight consolidation in price action showing a counter-trend move that follows directly after a sharp directional movement in price. The pattern typically...
I get a lot of questions about Elliott Wave but a particular question often received from the followers: Where to start wave counting on the chart? How do I begin/start wave counting on the chart? How do you do Wave Counting? I’m going to introduce working 3-tricks which are used by me while establishing Elliott Wave Counting on a chart. These are my...
Explained in the chart how simple range breakout can be predicted.
This video discussed a bearish harmonic pattern that might be quietly sitting & hiding in the price structure if unfolds exactly holding below 16701.85 then the downside support could be 16510-16530 / Below 16500 for 16370-16390. ----------------------------------- Last Nifty Video Idea ----------------------------------- Hope you enjoy the video. Good...
Price is likely to hit 53000-56000 zone where the first real challenge may come. If it larger ABC then price has still potential to touch 13000. I am not expert of EWT. Mere speculation because the whole upmove is looking just like a compression.
Friends: Post here a study on the natural correction that BTC may undergo. I am not saying here that it will happen this way. But I am expounding Elliot's theories about the ABC correction waves. I hope I helped in some way. Leave your like please and comment your opinion! 👉🏼If you want to talk to me, send an inbox message, or click on the footer of this...
Small Change in Buy/Sell habits for Big profit. Small change in buying habit on support and sell habit on resistance can help you in improving your trading and increase profits.
A clear Head & shoulder pattern. For educational purpose.
Nifty at its curial support of 16630, any fall would take the index to 16580-550. Also, Nifty has made double top and accordingly, likely to test 16380-50 levels soon so that double top pattern can be completed!! Further, if cues are negative from Jackson Hole Event i.e., liquidity cut, we may see a good correction all over the world market. However, as the COVID...
today we'll discuss about market structure and accumulation range bound market the price started a bearish trend by making lower highs then the price sustained to go any lower the market then came in range bound structure and with breakout we saw huge volumes now for the future analysis- === the strength of impulse waves is declining so we might see some...
Market respect that trend line, which was previously Resistance Line and break, after few days It became Support Line.
BNF may touch 37000, bullish divergence and High AVWAP support
Bullish divergence, AVWAP support...will move up shortly
The quality of our life depends upon the quality of the question we ask. I think it's the same with trading also, successful traders ask better questions, and as a result, they get better answers. They get answers that help them to know exactly what to do in any situation to produce the results they desired. Below are the 5 questions that will help you to stay...
wave count Cycle-1 Primary-5 Intermediate-4 Minor-C Minute-5 Target zone for Minor-c is shown by taking 38.2% & 50% retracement of wave-3 intermediate. If price falls in the target zone and gives reversal candle in the form of Doji,Hammer,Bullish piercing or Bullish Engulfing followed by a close above high of reversal candle then we can assume intermediate wave...
cycle: wave 1 Primary : wave 4 Intermediate : wave C Minor : wave 5 Target zone for Minor 5 @49.55 : 100% extention of intermediate A from B top @47.05 : 61.8% retracement of primary wave 3 @44.35 : 123.6% extention of intermediate A from B top If price goes below 44.50 then it would invalidate this count,as wave 4 cannot enter wave 1 zone. Confirmation...
NSE:BERGEPAINT When market break on upside or break the resistance line of this pattern, market was totally on bullish nature and we have to catch that bull run.
Head and Shoulder is a reliable reversal chart pattern that forms after an advance or a decline and the completion of the formation suggests a reversal of the existing trend. As this case with different chart patterns, H & S reversals can fail. However, the failure of this specific reversal chart pattern same reliable as compare to other chart patterns . When H...