If you are struggling with the identification of accurate trading entries, you definitely should try confluence zones . Note: there are hundreds of variations of confluence elements. In this example, we will discuss trend lines and Fibonacci. ❗️To identify a confluence zone, the price must follow a trend line (it should match higher lows if the market...
cup and handle formation is seen on 4h chart of COALINDIA
EURUSD is giving a declined flag pattern Breakout + confirmation + retest will give new target & trend Trading not recommended comment your views thanks
All levels mentioned in the chart.
Moving average is the most common indicator in technical analysis also be the most important indicator, as it serves as the foundation of countless others. 1) What is a moving average? Moving average (MA) is a simple technical analysis tool that smooths out price data by creating a constantly updated average price. The average is taken over a specific period of...
GAPS are areas on the chart where no trading activity took place. In an uptrend, for example, When the opening price is higher than the highest price of a previous day, leaving a blank space on the chart, it will be called a GAP-Up opening. Likewise, in a GAP-DOWN situation, the opening price will be lower than the previous day's lowest traded price. Now we will...
GAPS are areas on the chart where no trading activity took place. In an uptrend, for example, When the opening price is higher than the highest price of a previous day, leaving a blank space on the chart, it will be called a GAP-Up opening. Likewise, in a GAP-DOWN situation, the opening price will be lower than the previous day's lowest traded price. Now we will...
on brk of 1399 and buy order is 1401...
This is a weekly chart of IBULHSGFIN as we can see it gave a good triangle pattern breakout and this stock turning bullish. It sustains 246 levels then the next level is 360.
In the last 2 threads, we have already covered the basics of divergence and learnt everything about bullish divergence. If you have missed those threads, please go through the first 2 threads before reading this one. Now let's start with our topic, Bearish divergence, which I'll cover in 3 parts: 1. What is bearish divergence? 2. Types of bearish divergence 3....
DOGE ON 10 JUNE ? CAN THIS HAPPEN JUST AN EXPERIMENT ☺️
Candlestick Interpretation After a downtrend ; Bullish Hammer , Bullish Engulfing , Inside bar , accumulation zone are formed as a act of Fibonacci retracement in Daily chart. Which gave a nice 11.8% profit with 3% stoploss.
As you can see side trend is breaking towards up can be a good movement and has a good potential for upside