I daily make edcuational content videos on financial markets
#ZN1! #10YearTNote #Weekly #CBOT - I took a deep look into the 10-year Treasury Note, futures commodity. The chart above is weekly. - In Elliott Wave Theory perspective, an assumption has been made that the bullish wave starting from the swing low at 117’13’5 to the swing high at 140’20’0 as am impulsive 5-3-5-3-5 zig zag wave structure. - With that said, I am...
Nifty View: The Benchmark Nifty index has been particularly erratic over the past few weeks as it failed twice to see follow-through movement post a breakout. The daily chart of the index will reflect a “Broadening Triangle” which implies the existence of a higher high and a lower low - a classic sign of confusion. The underlying short term trend of the index is...
Notes: BankNifty seems to be forming a descending broadening pattern. Statistically (Taking Thomas N Bulkowskis book as a reference) an upper breakout is preceded by a partial decline (as in this case) around 87% of the time. Target in case of a breakout on the upper side would be the top of the pattern which is 35650. Please note - Not a SEBI...
🔰 MY thought process : ⭐A broadening pattern on the Daily chart :) meeting with fibo extension giving a perfect round number of 1300 which seems to be achievable but in a while, kinda positional setup for me :) 🔰Am I taking this trade now: No---Reason: Already in the trades of Naukri and PPL as posted last time :) also took a small position in Coal India today...
Fibo Retracement of 78.6% + Trend Line Breakout + Pattern Breakout + U-shaped Volume #Bulkowski_Chart_Patterns Entry: 1753 (Breakout Level) Target:1775 (Previous High and Fibo level) SL: 1744 (Fibo Level & Level of Partial Decline)
L&T Finance | Short Below 128 | Stop-loss 134 | Target 105 | Risk/Reward 1:4 It's a broadening top formation. And pretty much like what the textbook describes. Be careful because nice-looking patterns are rarely successful. If price closes above the upper trendline before breaking 128 then the trading setup becomes invalid.
Identifying the reversal and its timing is quite difficult and risky but sometimes its worth to take small risk. The stock is clearly in downtrend but it is forming Broadening Bottom reversal pattern and RSI is showing divergence. One can buy the stock by providing the SL of low of yesterday. If it works it could reward well. Being a volatile stock one can also...
The stock has nicely formed Broadening Top (Megaphone) Pattern and gave the breakout today. It has also broken the medium term resistance of 1274. Although it is trading above another resistance of 1330 but still a threat on the onward journey. One can use the setup to go long by providing a SL of 1310 on closing basis. Disclaimer : All stock recommendations and...
The stock is forming Broadening Bottom pattern nicely so one can take advantage of it. It is showing strength at the third touch so can buy the stock now with small stop loss.
The Stock has nicely formed the "Descending Broadening Formation" which could be used for trading. How to trade it : if it breaks the upper horizontal line and stay there for some period one can go long. If it gives false breakout and come back immediately to the the upper line one can short the stock. Good Luck
It is been observed that the price action is consolidating at the bottom in a broadening wedge pattern. It is at the make it or break it situation. It has good support at 310 levels and then 290 levels. Currently, at a look risk and high potential profit scenario. Now, today's closing shall matter a lot. Target 1: 322 Target 2: 330 Stoploss: 310
The stock is in uptrend so one should follow the trend until it changes and try to enter long at appropriate level. The stock has formed a Broadening Formations and yesterday's Green bar and today's trading above it are indicating a potential long at this level. Stop Loss closing below the lower line.
The pattern is also called Megaphone. It has also formed 3L-Reversal at the top so one can short the stock wherever stop loss of 139.9 on closing basis is affordable. If the pattern works one can expect the price to touch the lower line around 112. Safe trader can book the profit on fib level that too offers a good risk to reward ratio
There is a possibility to trade Broadening top pattern. RSI is forming divergence also confirming weakness in the stock. Shorting now with Stop Loss just above the high made recently.
The pattern is self explanatory one can short now with small stop loss and take the ride till the lower level or whenever feels it is good profit. Risk to reward could be good.