Natural Gas : Long Wyckoff : PS—preliminary support, where substantial buying begins to provide pronounced support after a prolonged down-move. Volume increases and price spread widens, signaling that the down-move may be approaching its end. SC—selling climax, the point at which widening spread and selling pressure usually climaxes and heavy or panicky...
This is a recent trade on GU that i took earlier this week. This is a go to set up that ticked all of the boxes perfectly, the key takeaways from this post is about the importance of using the higher time frames to find key areas to enter from as well as key areas to set a PT at. The entry was refined on the 1min chart however the information that we gather from...
NSE:BAJAJ_AUTO Simple guide on how to trade breakouts from ( parallel channel ) trading range. This example illustrates how the parallel channel breakout ideally works out. Please try and spot stocks and index that are currently either trading in a range or about to breakout for trading opportunities, Keep plotting, keep learning and trade with confidence. ...
Professional Price action trader's analysis will be from higher time frame to lower time frame. Higher time frames like Monthly, Weekly, daily, 4Hour are acts as Major Supply & Demand levels for any script. Lower time frames 1Hour, 15min, 5min are used to enter the market. In the chart of USOIL, I have mentioned the major Supply & Demand ranges in line and...
Identify the underlying trend of the market on a higher time frame. After identifying the underlying trend, you will have a bias . For example, In a Bullish market, always look for a long trade. Never short a Bullish market. Likewise, in a Bearish market, always look for a short trade. For opening a trade, use an hourly time frame . Other time...
It seems BTCUSD is in its reversal mode. As per harmonic patterns, it's not beyond $35000 in this run. As per crab Harmonic pattern, it has already achieved the of XA leg i.e.1.618 level. Whereas it is just waiting to achieve the extreme level of projection of BC leg i.e. 3.618 level.
need to close abv 160 for fast move towards 200++, 70% holding with promoter & b/o from year consolidation phase. please share your idea, i am right or wrong.
Idea just to identify the pattern. We can see a short term bounce from here, but need to avoid fresh longs. Good to exit stuck positions or booking profits in short term trades.
1. The Washout: “Stocks are Going Way Down” At the bottom of a market crash, business news is usually terrible and many authorities declare that things will probably get worse. The public dumps stocks without regard to value. Eventually, though, a point is reached where everybody who can be scared into selling has sold. Usually, the final battle occurs in a...
Now the stock is going to another territory The ascending triangle is a bullish continuation pattern and is characterized by a rising lower trendline and a flat upper trendline that acts as support. This pattern indicates that buyers are more aggressive than sellers as price continues to make higher lows
📚 LEARN MORE 💰 EARN MORE With ForecastCity Ascending Triangle Definition: An ascending triangle is a type of triangle chart pattern that occurs when there is a resistance level and a slope of higher lows. It is defined by two lines: . A horizontal resistance line running through peaks. . An uptrend line drawn through the bottoms. The higher lows...
1. Price reaches the overbought level of CCI. (Time Range : 10Feb 13:15 - 16Feb 13:15) 2. Fails to break out off the regression line. (Price Range : 403.90 - 418.80) 3. Takes support before the breakout. (Price range : 393.95 - 413.10) (Time Range : 12Feb 13:15 - 16Feb 13:15) 4. Another confirmation comes right from the MACD : Centerline Crossover...
This is how the market traps retail traders. Most professional traders are looking for this kind of trap to get into a trade, again experience is a prominent requirement to spot this and save yourself from the same. Any sudden momentum looks way juicy and lurking to retail trades as it is profitable in real as well but most of them ended up losing money. Keep...
understanding trends through support and resistance.
Every stock, index, commodity etc goes through these 3 phases. Increased volumes in accumulation phase. This can be also a good swing trade.
The trade where The "Theoretical Target" is already hit as it is below our buying point. Step 0: Find the Flag Pattern. Step 1: Wait for the Breakout. Step 2: Place the Buy Order. Step 3.1: Find the Flag's Lower Trend line's lowest point. Step 3.2: Place Stop Loss. Step 4.1: Find the Length of the Flag Pole. Step 4.2: Find the Flag's Lower Trend line's...
The proper theoretical method to set a target in a Bullish Classic Flag.