Hello everyone My name is d3ffyduck
I am today gonna post some cool and new tips For the beginners in Daytrading.
I am gonna divide things in Chapters so you'll learn it with ease
Read it till the end Hope You learn something
Chapter-1 Timeframe selection
The choice of the best timeframe for chart analysis in day trading can vary depending on a trader's...
⚡In simple terms, support is a level where demand overcomes supply, while resistance is a level where supply overcomes demand. In the market, different types of traders participate, and I have broadly categorized them into four groups based on their behavior.
⚡You may have heard that once a support level is broken, it tends to act as a resistance level, and vice...
support and resistance they play a truly crucial role in trading
If you want to trade like a pro, there's something you should know:
Support and resistance, they're the stars of the show!
this can be understood from the below:-
Support is like a floor, it holds prices up high,
Resistance is a ceiling, prices can't seem to fly.
When prices hit support, they tend...
This is hourly timeframe.
This is how I analyze the consolidation only technically.
From fibo. recent top to bottom, Nifty is taking resistance 0.38 fibonacci level.
Let's pointout the short trend and understand each.
1] Nifty started consolidating 6th May 2022.
It started falling, gone sideways for sometime and gave bounce back.
2] And it tested the 16400...
