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Bullish Patterns

Cup and Handle chart patternThis chart pattern is shaped like and resembles like a cup and handle that's why its named the same as cup and handle chart pattern. Shape: A “U” shaped bottom is preferred over a “V” shaped bottom as it indicates more consolidation. Ideally, the highs on either side of the cup should be equal. Duration of formation: The cup can take anywhere from 1 to 6 months to form, while the handle should take 1-4 weeks. Confirmation: The pattern is confirmed as bullish when the price breaks above the previous highs (the neckline) with strong volume. A buying opportunity arises when the price moves above the old resistance level (right side of the cup). Volume: Volume should decrease as prices fall to form the base of the cup and remain below average. As the price begins to rise again, volume should increase. Target: The profit target is calculated based on the depth of the cup. Measure the distance from the bottom of the cup to the neckline and extend that distance upward from the breakout level. Also it can give sometimes three times of depth of the cup. Risk Management: A stop-loss can be placed at the bottom of the handle or below a swing low within the handle if there were multiple price oscillations. I am not sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses. Thanks RK💕 Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Disclaimer and Risk Warning. The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
NSE:SUZLONEducation
by RK_Chaarts
7
Bullish MarubozuThe bullish Marubozo candle (open equals low, high equals close) can signal a reversal when it is found at the end of a downtrend because it shows that the sentiment has changed and that the bulls are likely to continue pushing the asset higher. Take High and Low of Candle . Take Position at Close. Target ( Total Length of Candle/2), SL : Low of Candle. Risk Reward Ratio: 0.5 Feel free to share your feedback and queries. If you want to know about your stock please mention in comment. Note: This is not Paid only for Educational purpose.
NSE:BANKNIFTYEducation
by vahabsheikh
1
MOST RELIABLE CANDLESTICK PATTERN Pattern name: Bullish Engulfing Pattern Type : Bullish Reversal No. of Candles : 02 How to Identify it ? 1)There must be a preceding Downtrend. 2)A short Red candle followed by a long Green candle. 3)The Green candle should opens lower & closes higher than the Red candle. 4)The Red candle should be completely engulfed by the Green candle. Psychology behind it : 1)The Bears lose momentum & the Bulls take charge and managed to close above the red candle. 2)It implies the bulls have fully override the bears. How to trade it ? 1)Look for the Bullish Engulfing at the bottom of the Downtrend. 2)Upon confirmation, open a Long position in the 3rd Candle. 3)Place a Stoploss below the low of the Green candle. Happy Trading :) -Divyaa Pugal
HEducation
by Divyaapugal
35
MCX breakout retest successful!Resistance line is retested as support as demand has increased. From couple of months it’s been moving in that channel now it’s time for a long. Entry: above 1600 Target: 2000 SL: 1450 (It’s not an investment advice, do at your own risk) Key points: When a resistance is converted as support it means there are more bulls than bears amd demand for that has been. This can be a sign of bullish swing. We should also look for another signs like candlestick pattern or look what fibonacci says.
NSE:MCXEducation
by zavier_sk
Two Candlestick Pattern - Bullish EngulfingA bullish engulfing pattern is a candlestick pattern that forms when a small Red candlestick is followed the next day by a large Green candlestick, the body of which completely overlaps or engulfs the body of the previous day’s candlestick. Bullish engulfing patterns are more likely to signal reversals when they are preceded by four or more black candlesticks. Investors should look not only to the two candlesticks which form the bullish engulfing pattern but also to the preceding candlesticks. Limitations - A bullish engulfing pattern can be a powerful signal, especially when combined with the current trend; however, they are not bullet-proof. Engulfing patterns are most useful following a clean downward price move as the pattern clearly shows the shift in momentum to the upside. If the price action is choppy, even if the price is rising overall, the significance of the engulfing pattern is diminished since it is a fairly common signal. The engulfing or second candle may also be huge. This can leave a trader with a very large stop loss if they opt to trade the pattern. The potential reward from the trade may not justify the risk. Establishing the potential reward can also be difficult with engulfing patterns, as candlesticks don't provide a price target. Instead, traders will need to use other methods, such as indicators or trend analysis, for selecting a price target or determining when to get out of a profitable trade. Important Points- The Green candlestick of a bullish engulfing pattern typically has a small upper wick, if any. That means the stock closed at or near its highest price, suggesting that the Candlestick Closed while the price was still surging upward. This lack of an upper wick makes it more likely that the next candlestick will produce another Green candlestick that will close higher than the bullish engulfing pattern closed, though it’s also possible that the next day will produce a Red candlestick after gapping up at the opening. Because bullish engulfing patterns tend to signify trend reversals, analysts pay particular attention to them. {Source - Investopedia.com}
BITSTAMP:ETHUSDEducation
by TraderLeVeR
Bitcoin (BTCUSD) Trend based on FractalFor the same fractal previously my analysis went wrong, because this wasn't a perfect match. But the current chart shows perfect matching of fractal from the month of May- July matching with mid Nov -present. I my previous post I also mentioned that BTC is bullish so their is a possibility of failure of analysis and that actually happened. In the current condition also such possibility exits but to lighter side. Since BTC has crossed it's ATH so their is a lot possibility that most big,smart investors had sold their coins. which decreases the chances of increase in price. Also in previous bull run of 2014 to 2018 around ATH of 2014 BTC had a huge correction. So considering all the above factors I believe opening short positions are safer than long positions. Also booking some profits and waiting for good buy around support levels is better.
Education
by Parth_agrawal