PitchFORK + PitchFAn is very acuurate When it comes to find the point of reversal.
In this chart one can easily find the point of reversal just by looking at important levels of pitchfork.
If pitch fork is drawn accurately it will definitely help you in your intraday/positional trading.
Draw pitchfor at daily time frame and then use it in your trading either...
Sharing a mistake I made and how I corrected it.
On Weekly chart, I saw a nice rounding botton pattern and stock close to ATH with a BO candle of 26 July 2021. I also saw volume expansion on that day as well as expansion since the candle of 18 January 2021.
I went long at approx. 270.
Although RSI was above 60, what I failed to see was RSI High was flat. And...
I have based my analysis on Stan Weinstein's framework on Weekly chart where price structure, 30 weekly MA, volume and relative strength (not RSI) play a role in analysing the trend.
Personally, I like stocks near ATH because it tells me that prior resistance has been broken. It is important for me to select stocks that have strong relative strength against a...
Hi Friends,
Wanted to share this learning of SIMPLE PRICE ACTION Techniques that once practiced with patience yields results !!!
#FANOFTRIANGLES
#PRICEACTION
#SWINGANDPOSITIONAL
PRICE ACTION USED
BREAKOUT FROM DESCENDING TRIANGLE IN DAILY
RETEST IN DAILY FORMING SUPPORT
BREAKOUT AND RETEST IN HOURLY FORMING SUPPORT
ENTRY
Thanks For Your Time....
