What happens when their is falling wedge within rising wedge?
On HTF Nifty is moving inside a massive rising wedge which is primarily bearish in nature in nature but while HTF gives us the idea of price movement for days in advance, we need to watch out for smaller time frames too see what can we expect in really short span of time.
THEIR IS SOMETHING ABOUT THE CURRENT TREND WHICH IS TELLING ME TO SHORT EVERY DAMN UPMOVE AND EVERY TIME I TRY TO LOOK FOR SOMETHING BULLISH ON THE CHARTS I END UP DISCOVERING THE FORMATION OF SOME NEW BEARISH TREND.
SHORT ONLY ON CONFIRM DOWNSIDE BREAKOUT FROM THE WEDGE.
NOTE FOR LEARNERS
RISING WEDGE ON 4H
PROMINENT RISING WEDGE INSIDE THE BIGGER RISING...
This video is specially for the learning of our premium club members, where we try to teach them classical charting in easiest possible manner.
this video is also for all those fake experts who are charging obnoxious amount of money from people at large and making them learn TA using useless indicators.
if you want to learn charting do it the right way.
THE ABOVE CHARTS CAN BE USED BY BEGINERS TO UNDERSTAND THE IMPORTANCE OF TRENDLINES AND HOW THEY CAN EASILY HELP YOU PLAN A TRADE.
Many of people who start with technical analysis make the biggest mistake of not learning the importance of drawing trendlines and they start following random indicators.
if you want to be good in technical analysis then make yourself...
i would be holding my position till it plays within the rising wedge and close the long trade and open a short as soon as it breakout from the wedge.
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