If you have been in the market for some time, you may have heard of something called “divergence” . Today we are going to share an informative write-up along with a few exhibits that may help you solidify your understanding of this important trading concept. This post will also lay the groundwork for future posts about related topics. Please remember this is...
Why Fibonacci Tools? Fibonacci tools can help traders to determine upcoming support and resistance areas. Unlike other indicator which works on historical data and mathematical calculation considered to be as Lagging Indicator. For Example: MACD, Stoch RSI, Bollinger Band etc. Where as FIBONACCI tools does not come from any formula and historical data, it is...
IF BREAKS SUPPORT TARGET 1 AND TARGET 2 POSSIBLE. DIVERGENCE SEEN BETWEEN PRICE AND OSCILLATOR.
Observations: > NiftyIndex up waves are ending within 25 days and down waves within 7 days. > Bullish or Bearish crossover, or divergence at the end of waves. > Strong Bullish and Bearish patterns seen at the end of up and down waves respectively. Combining all these three observations can provide strong Buy and Sell signals. Current Up wave: > Current...
Hello all, today we are going to learn about divergence. A simple topic, which often confuses the newbies. I'll keep this thread short since this will lay the groundwork for the upcoming threads. Please go through this thread before proceeding to the next threads. Foreward In this thread, I would explain the following as easily and briefly as possible: 1. What...
What is divergence? Divergence is a method used in technical analysis when the direction of a technical indicator, usually some form of oscillator ‘diverges’ from the overall price trend. In other words, the indicator starts moving in the opposite direction to the price and the trading oscillator signals a possible trend reversal. Once divergence appears, there...
👋 Hello Trading community and my friends so today i came here with an educational post hope you like my work mates, In technical analysis quite often we hear about Double bottom and Double top patterns so today i am sharing that in very simple and easy to understand way. Although a lot can be understood from the idea's image alone but for those who are new to...
What is RSI indicator:- RSI is a momentum oscillator which measures the speed and change of price movements. RSI moves up and down (oscillates) between ZERO and 100. Generally RSI above 70 is considered overbought and below 30 is considered oversold. Some traders may use a setting of 20 and 80 for oversold and overbought conditions respectively. However this may...
Mastering Demand Zones: Advanced Techniques in Stock Market Analysis Introduction to Demand Zones: In the realm of technical analysis, demand zones play a crucial role in assessing price movement and making informed trading decisions. A demand zone, also known as a support zone, is a price range on a chart where a particular asset, such as a stock, has...
Hello Guys according to mine experience and knowledge Some things I think are necessary to become a Better trader, so I am sharing all of them with you. ⚡⚡TRADING TOOLS-: (Contains Indicators & Other Soft tools like Screeners Or other software) So as we all know that a after a good Physical Setup (internet connection, Computers or other gadgets) we also need some...
Supply and Demand Trading Strategy is a price action strategy that focuses on identifying Institutional Buying & Selling Footprints on a Price Chart. This strategy doesn’t rely on any indicators or oscillators; entire focus is on Price Action. Owing to the sheer large size of their orders, Institutional buying or selling leaves behind certain footprints which...
Hello Everyone, Today we are again with a New Topic CRS (Comparative Relative Strength) So Lets Start What is Comparative Relative Strength This chapter will share insights on a valuable lesser-known form of market analysis referred to as comparative relative strength ( CRS ). This is the study of one stock or sector in relation to other sectors or the overall...
Hello Everyone, Today we will be talking about The Secrets of Sokyu Homma Related to Charts So let's start with 1. The Sokyu Honma's Two Methods 1. The Samini No Den of the Market 2. The Sakata strategies 2. The first Method, The Samini No Den of the Market (The Subjective Part of the Method) The first part of Sokyu Honma’s method, the Samni No Den...
Hey everyone! 👋 Today we want to enlighten you about an amazing feature of TradingView, "the screener". The screener is one of our most powerful tools. As the name suggests, it is used to filter symbols (stocks, cryptos, and currencies) based on certain technical or fundamental aspects. The screener works for 3 different markets - stocks, crypto, and forex and...
Hey everyone, My previous education idea on Fibonacci Retracement got some good response. Today, I’m back with another education idea, explaining an awesome tool called ‘Pitchfork’. Alan Andrew, the creator of Pitchfork tool, got inspiration from Roger Babson’s action reaction lines for the idea of this epic Pitchfork tool. Likewise, Roger also got inspired from...
Unit_of_Technical_Analysis: Chapter 3: Bull Cycle: how to identify prior phase, The Bull Cycle, How to trade the Bull cycle. Tools used: 1. Fibonacci 2. Relative Strength Index (RSI) (36) 3. Moving Average Convergence Divergence (MACD) (18, 36, 9) 4. Moving Average (MA) (36) Time Frame: Daily Method: 1. Bullish Divergence & Falling Wedge (or...
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...
Strategy to execute trades in forex market, works for all pairs (please do back testing to gain confidence) : What we need : Candle Sticks Timeframe – 1 hr Bollinger Band – Length 20 and StdDev 2.5 Bollinger Band – Length 20 and StdDev 2 RSI – Length 6 Stochastic Oscillators – 14,3,3 MACD – 8,21,5 Confirmation with indicators should be in same trend with candle...