The post details about drawing a trendline and the preferable starting point
📚 LEARN MORE 💰 EARN MORE Inverse Head and Shoulders Definition: A head and shoulders pattern is also a trend reversal formation. It is formed by a Valley (left shoulder), followed by a Lower Valley (head), and then another Higher Valley (right shoulder). A “Neckline” is drawn by connecting the highest points of the two Peaks. Neckline resistance...
Disclaimer: This is not an Investment Advice. Trading leveraged products carries a high degree of risk and you could lose more than your initial deposit. "Bull markets are born on pessimism, grown on skepticism, mature on optimism and die on euphoria. The time of maximum pessimism is the best time to buy, and the time of maximum optimism is the best time to...
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...
Every Stock is having bad phase and good phase in their life span. Good phase will give up time cycle and bad phase will give down time cycle. When you are trading on that time you forget the stock is up cycle or in down cycle and you trade blindly which results in draw down in your system. Till you include the time in your analysis with price your system will not...
1) What's the Log chart? Before I define a Log chart, consider the chart you use daily: 'The Linear Chart.' - Most platforms use a linear chart by default. This is most likely why you were unaware of log charts. 2) So, what exactly does a Linear chart mean? Look at the chart below - The y-axis is divided into 200 equal points ranging from 0 to 3000. - As a...
These simple rules, if followed, can assist in identifying HIGH PROBABILITY TRADES! 1⃣ Trendlines are zones, not straight lines! - Because of price volatility, prices frequently spike on both sides. - To get the best fit trendline, consider trendlines as zones from multiple swing highs (including wicks). - With zones, your chances of winning increase. 2⃣...
"Volume and Price" Trend Relationship📈 Price Up and Volume Up ✅ The volume trend has supported the uptrend movement. Therefore, we can look for buying opportunities. Price Up and Volume Down ✅ The volume trend has not been supported the uptrend movement. Therefore, we can exit our long position Price Down and Volume Up ✅ The volume trend has...
Presenting an example of accumulation along with all details on the chart. Comments and Criticisms are welcome!
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...
Bitcoin Drops Subsequent To Powell’s Inflation Remarks ✅ In the previous day, the price of Bitcoin fell by 6.3%. The majority of cryptocurrencies also lost value after Powell’s remarks. Bitcoin and other cryptocurrencies fell on Friday as traders reacted to hawkish remarks made by Federal Reserve Chairman Jerome Powell during a major address...
Hey everyone! In this post, we are going to talk about different types of charts that are used in technical analysis. Please remember this is an educational post to help all of our members better understand concepts used in trading or investing. This in no way promotes a particular style of trading! Charts are used to illustrate change in prices over...
#RolexRings tried to cross 1350 levels three time in 6 months of 2022 and as successful in doing that 3rd time. After which it gave 40%+ return in 2 months
The stock is about to breakout from a big resistance from December 2015. The price tried to cross the resistance several times but was unable to do so. This time the volume has been rising as seen in the chart so there seems to be a very possible chance of a breakout. Note - This is not a recommendation, it is just for education purposes. Trade at your own risk.
Hi all, hope you guys are doing well. We retailers spend a lot of time in searching for that "holy grail" in trading. The majority of the time our search is centered around different strategies. However, in my opinion, "Strategy is overvalued whereas risk management is undervalued" . A chart can be analyzed in different ways by different traders. A trader...
Basing : Its accumulation phase where smart money comes in, it acts as a base. Here price may follow the previous trend or shows reversal Always take partial position, don't get trap by infusing entire position. Volume activity remains low and you may see some heavy buying at support. Psychology : participants are not ready to participate actively, it lacks...
Thank You For Giving Giving Me So Much Support Hopefully You Also Give Support To This Idea Lets Move To The Idea And Tell Me Which Type Of Trader You are Tell Me In the Comment. There Is Four Type Of Trader. The First Type Of Trader Is Day Trader: Day trader refers to the market operator who indulges in day trading. A day trader buys and subsequently sells...
Hi, In this idea I will try to throw some light upon the traders' favorite tool, that is trendlines (also known as dynamic support and resistance). Trendlines represent the direction of trend- up or down. They also indicate the strength of the trend. Steeper trendlines means more momentum than a less steeper trendline. The following discussion would focus mainly...