2b_pattern
SHORT > Trader Vic's 2B Reversal PatternWe can analyse Nifty price action in the light of Trader Vic's 2B Pattern . Trader Vic describes this excellent technique as follows”: “When the upward price trend, if the price on the market touched the previous price peak, but could not cross it the first time, and immediately fell below the previous price peak, this suggests that the trend has been on the market about to make a turn“. The opposite is generally true for the downward price trend which I have marked as example 1.
Potential trade based upon the setup is marked for the traders for trading or the learning.
Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.
SHORT : Victor Sperandeo 2B Reversal Pattern RSI DivergencePrice formation suggests a short as recommended by Victor Sperandeo in his 2B Pattern. Price closed above the previous high yesterday with good volume but got rejected immediately and closed below to low of yesterday. One can short the stock with reasonable stop loss. Risking the small amount gives an opportunity for a decent Risk to Reward ratio trade. RSI divergence is one more confirmation for the trade.
Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.
2B Reversal/DivergenceChart has formed 2B reversal pattern which can be used for a reasonable Risk to Reward trade. One can enter a long where SL of 583 is affordable. Target 640
Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.
2B Reversa/Falling Wedge/Bullish Harami confirmation/Divergence The stock is showing 2B reversal at current level. It has formed falling wedge pattern and seems getting strength at lower line moreover last bars confirmed a candlestick buy. RSI is showing divergence so we can consider a buy the stock with the following details
Entry 190
SL 181
Target 205
Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.
Trader Vic's 2B/RSI Divergence The stock has formed 2B reversal pattern with RSI divergence. It has already formed 5 pivots which suggests a possibility of reversal. RSI is back from oversold zone. One can buy the stock for a target of 83.50 * lucrative 10% appreciation *. Recent low should protect the trade as SL.
Disclaimer : All ideas and comments are my personnel view. Please take financial consultancy for trading decision.
