SWING trading opportunity
target = 6805
CMP = 7112
Stoploss= 7296 ( one can even modify it )
lot size = 100
check out my related idea on granules on harmonic pattern it achieved the target
FOLLOW for more !
LIKE if works !
COMMENT your view !
Expecting TVC:USOIL to go for a sharp correction.
Harmonics 4-point & 5-point pattern helped identify a Potential Trend Reversal Zone, where bullish movement may end & trend may reverse.
Got a terminal candle confirmation in the PRZ.
Also, in a broader view prices formed a Broadening Wedge Pattern (a-b-c-d-e wave structure) which might possibly be...
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an...
NIFTY could be in the process of making a bearish butterfly. The ratio based traders may find the pattern interesting. The completion of the pattern requires confirmation at three critical price ranges as mentioned in the chart. If the pattern comes to fruition the index may test 9640-9660 levels and may go down to 9360-9330 levels and then go on to 10130-10170...
Only for education and information purpose. Should not be taken as a trading call
IT LOOKS LIKE A SHORT CAN BE TAKEN AT D POINT LETS C HOW IT WORKS
CHART BY HARMONIC LEARNING AND EARNING
Bearish Butterfly pattern is in making on SBIN daily Chart. Leg XA, AB, BC are completed and CD is under formation. it may go upto 317 to 340 level , before the downward movement.
Declaimer : This analysis is for education purpose only. If you want to trade for CD leg or DE leg, consult your financial adviser.
Its been a while since I wrote on the Index. In my last post I marked 10094-10013 as the key area.
Market tested that key area and bounced sharply. Although the Bat pattern could not complete as per expectations, market reacted near 1:1 level (10013) shown in the above post...
A bearish pattern in the formation..Also pattern PRZ confluence with the resistance trendline. Bearish reversal pattern in the zone triggers short.
See the chart for detailed view.
Don't forget to hit like and follow.
Trade safe, be healthy.
A bearish butterfly near completion on 15 mins chart. Trade levels as follows.
PRZ Completion : 1626.5
TP 1 : 1601.7 ( 38.2%)
TP 2 : 1586 (61.8%)
STOP : 1636
Watch price action for entry. we have bigger pattern on development on hourly chart, will be posting.
Trade with care