This charts shows the possible areas where one can look for trading opportunities (through Price Action Strategy) and be profitable from it. Swing Trading is better for beginners in Stock Market and Price Action is one of the ways to approach Stock Market. Through Price Action, one can identify the current market structure (uptrend/downtrend/sideways) and so...
In this chart you can see that price is respecting parallel channel. if price wants to grow more , their is no concept of truncation. wave 5 may have to travel 78.6%. price may destroy resistance and we can also get pull back. check related idea for more detail. if their is reversal we can get signal by candlestick patterns.
The human Behaviour in Relation to money is always dominated by fear, greed and hope. Candlestick analysis will help us to understand these changing psychological factors by showing us how buyers and sellers interact with each others. 1) It is considered as a visual representation of what is going on in the market. 2) By looking at candlesticks, we can get...
Why this Trade..?? 1.Head & Shoulders Pattern(Depth is still Pending) 2.Market Sentiment 3.Trading in a Falling Path 4.Next Support 16690 is yet to reach Buy or Sell based on the Support Break with Volume This Analysis works for sure!!! Disclaimer:This view is purely for educational purpose and it's my personal.Please consult your financial advisor before...
This post helps you to understand how you can project any pattern formation in earlier stage. Also, It helps you to build your perfect weekly watchlist. Create Your Price Action Weekly Watchlist in Following Sections: 1) Early Stage Price Action(Waiting Phase) 2) Mid-Stage Price Action(Reversal Entry Phase) 3) Final Price Action(Breakout/Breakdown Entry...
RPSG Ventures is an Indian Co in the IT sector It has witnessed unusually high trading volumes in the recent months in spurts which have been synonymous with 25% upside In the short term, we can see that the size of red candles almost decreased to a Doji and the share gave signals for a pullback from .628 level with a strong green candle. The volume during the...
All the details are mentioned on chart. Price Action Learning. Timeframe Learning.
How to ride on a swing trade? One good strategy in price action is to use 21 EMA and ride on swing trades for short or long terms. 21-day EMA can be called as the Goldilocks of all moving averages. 5,8,13 can be too tight and 50,100,200 are too loose for looking at moving averages, hence 21 EMA can be considered as a powerful average. In this strategy 21 EMA LOW...
Explained in the chart how simple range breakout can be predicted.
Understanding the overall structure. :- Here it is simple higher high higher low structure. Stock currently above previous higher high. How to Set Targets using Fibonacci extensions. First Identify the swing. here it is 308 to 1389. then place Fibonacci tool. After placing look at 38.2% 50% 61.8% levels if the stock has faced major resistance or support or...
A high probability trade is a trade that has a greater chance of success than a regular trade. So, how can you find these high probability trades? There are a few things that you can observe to find that golden confluence of various important things such as a support level, demand zone, Fibonacci level, moving average, volume, RSI, etc. The confluence zone...
Daily structure. Narrow range & inside bars with lower volumes. Simple consolidation & breakout in first 15 min itself. Identified around 9.30 AM to 9.45 AM. First mistake is entry away form moving average at 3077 Ideal is to enter near moving averages to get good risk reward & chances of stop loss triggering are less. First target was around 3150 to...
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...
Falling wedge pattern ( black lines ) breakout. The falling wedge pattern is interpreted as both a bullish continuation and bullish reversal pattern which gives rise to some confusion in the identification of the pattern. Both scenarios contain different market conditions which must be taken into consideration. The differentiating factor that separates the...
Simple trend reversal pattern identification. Pattern preceded by Down trend Pattern location is very important for pattern to workout. here pattern is formed exactly at the breakout level. So chances of pattern to work out. Never follow patterns in isolation, combine other things with it. Breakout candle is having a wick, so have a cautious approach. Check...
🎯 THE JOURNEY OF A SUCCESSFUL TRADER 📌This is very important to understand that a traders journey is not a pretty one. 📌It's filled with stress, highs, lots of lows and a lot of hours spent analyzing charts. 1️⃣ The start : HE/SHE Starts trading with the capital 2️⃣ Initial win / Euphoria : Beginning of an excitement for initial win without knowing what has...
Today, NSE:NIFTY1! technically hit an ATH of 16,546.50, nearly 5% more than the opening price. Why did this happen? What's the reason? And how do buyers and sellers work? Basically, buying increases prices. As long as buying is strong, prices will increase. As soon as sellers start taking control from buyers, price will first slow down then stop going up and...
Inverse Head & Shoulder is seen and is in consolidation and nice opportunity