support and r on mrf chart , u can see ckearly it can helpful to draw s r line ,
I wasn't able to share all the detail in depth but this technical will help you to learn that how you can analyze the charts
Myth: If the price approaches a level repeatedly, and gets rejected from it, this means that the level is very strong. Reality: After each touch, the level becomes weaker and weaker due to the absorption of the residual orders. Underlying logic: 1. Whenever the price keeps approaching a certain level, there are pending buy orders which are waiting to be...
Myth: If the price approaches a level repeatedly, and gets rejected from it, this means that the level is very strong. Reality: After each touch, the level becomes weaker and weaker due to the absorption of the residual orders. Underlying concept: 1. Whenever the price keeps approaching a certain level, there are pending sell orders that are waiting to be...
I gave you guys these Levels Yesterday To Trade. The First 5 Min CAndle Took a Heavy Support From the Major Support Zone and Made a Very Strong Bullish Candle and I Entered Straight Away In the Trade and Booked Over 180 Points in BankNifty FUT In Just 10-15MIn.Thats The Power of Demand and Supply Zones. Follow Me To Capture these Kind of MOves I Share them EveryDAy.
In the video , i have analyzed our own Setup for the week from Mon 07.06.21 to Fri 11.06.21. How was out Setup ? What trades we took ? All has been answered. In the end i have given you a task to do. Please leave behind your answer in the Comment.
All levels mentioned in the chart.
Logic 1) H&S pattern formation 2) Major trend is sideways, (if we see for a long term trend ) 3) Even after breakdown we have to wait for the supportzone, so taking a short call should be with confirmation. 4) 200 moving average is acting as support ,closing below it will intiate a fresh selling. I am not recomending anything it is just an observations
Dow in a range. Bias is down move on hourly and pullback on daily.
Two Critcal Points. By Analyzing Nifty 50 Chart on 07-04-2021 1) Wide Demand Zone, But Weak Support Area. 14263 - 14517 If Price breaks any of the nearest Trend Line, In Days Closing Then, It is expected The price will fall to this support Area. 2) Strong Supply Zone, And Strong Resistance.14829 - 14881 If Price breaks this resistance at Days Closing, Then...
Iron Fly is a non directional strategy that works very well in a sideways market. I was of the view that the market would be sideways for the reasons mentioned in the video. This worked very well for the weekly expiry and it is used very often in confusing markets such as this. This was one of my first attempts at vocally explaining strategies so I may not have...
BTCUSD is in the built of a "Harmonic Deep Crab Pattern". It seems the demand and supply of the asset have been in a very volatile zone. If the asset breaks 30500 then the probability of the price to reach PRZ will be very high. Now, this PRZ will work as a supply zone for a short period or create momentum to boost the asset to the given bullish target.
My take on price and volume divergence. Ideally, the price should move higher with an increase in volume, which shows that more buyers are pushing the price higher and this is a perfect scenario for the price to continuously rise higher. But, when the price continues moving higher while volume is drying, it shows that buyers aren't interested to push the prices...
Price action is all about supply and demand and identifying them to take advantage of the trend. I have given an explanation on how to identify demand and supply zone . If you have any query, comment below and I will try to solve it. Grateful for everyone!
The Bat Pattern, is a precise harmonic pattern™ discovered by Scott Carney in 2001 The pattern incorporates the 0.886XA retracement, as the defining element in the Potential Reversal Zone (PRZ). The B point retracement must be less than a 0.618, preferably a 0.50 or 0.382 of the XA leg . The Bat utilizes a minimum 1.618BC projection. In addition, the AB=CD...
AS I WE CAN THIS PAIR IS IN DOWNTREND ON MONTHLY CHART, BUT SUPPLY ZONE CREATED ON MONTHLY LEVEL DOESNT REMOVED ANY DEMAND ZONE, SO WITH SOME CONFIRMATION WE CAN TRADE ON SMALLER TIME FRAME, AS ON WEEKLY SUPPLY ZONE NESTED IN MONTHLY REMOVED DEMAND ZONE AND MADE A LOWER LOW AND BROKE THE TREND ON WEEKLY, WE CAN GO SHORT ON WEEKLY GIVEN LEVEL. THIS ANALYSIS IS...
Here as we can clearly see GBPUSD is in downtrend and price has hit weekly supply zone which is nested within monthly supply zone, so going short is the higher probability;)