Which chart pattern is best for trading?
11 Trading Chart Patterns You Should Know
11 chart patterns for trading
Symmetrical triangle.
Flag.
Wedge.
Double top.
Double bottom.
Head and shoulders.
Rounded top or bottom.
Cup and handle.
How To Become a Professional Trader :
Learn the trading basics. ...
Learn the advanced basics. ...
Develop trading systems and...
Hello Friends,
Today, we have something special in store as we take a top-down approach to analyze a specific stock - Tata Communications in the world of trading. By employing this multi-time frame method, we'll be diving into various charts, starting from the big picture down to smaller timeframes.
Before we begin, please remember that trading carries risks,...
Tradingview has recently introduced new Technical Indicators that can be used to identify chart patterns that can be used to predict future price movements and determine the entry point to a position.
These indicators can be used to find the following chart patterns: Bullish Flag, Pennant, Double Top, Triple Top, Head and Shoulders, Triangle, Rectangle, and...
Steps To Follow -
1- Open The Chart In DTF (Daily Time Frame)
2- Switch To Line Graph To Capture CLOSING PRICE Of Stock
3- Now Take Trend Line From Your TOOLS and Construct A Trend Line (Joinig the CLOSING PRICE of Stock)
4- After Constructing The Trend Line ( SEE ALL POSSIBLE CLOSSING PRICES IN THE CHART )
5- Now Switch to CANDLESTICK CHART
6 Now see where your...
CEATLTD, chart is perfect example of stock beautifully following FIbonacci levels. This was shared as an assignment as well and received many replies and some of the members were able to identify multiple correct answers (Can't be more happy & proud).
In this video, i have briefly explained how to apply fibonacci tool to find support & resistance areas for a...
Few days back one of us asked me to give a chart on Gold. I had given him the chart; unfortunately prices hugged the stop loss level and immediately reversed and achieved the target today. It is my bad habit to keep the stop loss very conservative, hence lost many good opportunities. I am working on this and for the time being for everyone’s benefit I am...
This is the second lecture of the series "basics of the stock market". In this class, we will discuss few candlestick patterns and will try to identify those in the chart.
Hello Everyone,
Welcome to you all, this is an educational post in which you will learn how to trade with our neowave trading chart. I also made an post of it for quick learning.
If you like it than give us boost and share the content.
Thank You
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...
A symmetrical triangle is a chart pattern characterized by two converging trend lines connecting a series of sequential peaks and troughs. These trend lines should be converging at a roughly equal slope.
How to identify a Symmetrical Triangle correctly
1.The sides of the triangle slope equally (that's why it's symmetrical)
2.The triangle has lower highs AND...
