Chart patterns are the foundational building blocks of technical analysis. They repeat themselves in the market time and time again and are relatively easy to spot. These basic patterns appear on every timeframe and can, therefore, be used by scalpers, day traders, swing traders, position traders and investors. There are 3 types of patterns, depending on how price is likely to behave after completion: reversal patterns, where price is likely to reverse, continuation patterns, where price is likely to continue its course and bilateral patterns, where price can go either way, depending on whether it breaks to the upside or to the downside.
The measurements of the chart pattern can be used to project the next price movement and what target to aim for. These patterns can either be traded aggressively (with less conformation) or conservatively (with more conformation) so the rules of entry and exit can vary. It's easy to calculate the reward / risk for them, which is important to know before entering a trade.
Hi there,
As you can see with the help of falling wedge pattern,
we Have Use 1 Week Time frame , where we can see a Perfect falling wedge pattern,
if BTC follow this Pattern we can see some Bullish move in Upcomming 2 to 3 Months
But if BTC Break this Pattern in Downword Direction then we can see Major Dump in BTC.
Note: This is only for Educational ...
Inside Bar
Lower Trendline on Wedge
Amazing r: R
OI says short covering yesterday!
Long if it breaks the high of the previous day with a stop loss at the previous day's low.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first ...
It fell after a good results on the political turmoil of South India which has nothing to do with the stocks. Longs are in the system. So, best bet will be 740 PE but Let's long Suntv with a stop loss.
It has also cup and handle setup pending. We have a straddle at 820 with breakeven of 755 and 885 which should go into profit.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
Betting on volume profile and there is no fundamental reason this shit bank should go up. So betting that high of the level stays unbroken honoring the max pain theory of option writers.
Anyways stop loss is of 6 points only; it is a good r:R. On loss we will sell an ATM PE which have high IV due to the current flag.
13:03 Hrs 16th Aug 2018
Last Price@146.95
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Last update Review
We picked Bank Baroda at 144.50 - Traveled to 148 - We sold at 148 - & ...
Long if it breaks the high of the previous day with a stop loss at the previous day's low.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
Reason of stock picking = Asian Paints has a ...
Midterm Forecast:
While the price is above the support 4966.90, resumption of the uptrend is expected.
We make sure when the resistance at 8200.00 breaks.
If the support at 4966.90 is broken, the short-term forecast -resumption of the uptrend- will be invalid.
Technical analysis:
The RSI bounced from the support #1 at 26 and it prevented the price from more ...
ON 30 MIN CHART WE CAN SEE A WEDGE PATTERN WHICH INDICATES AN UPSIDE BREAKOUT BUT WE NEED TO SEE A CLEAR CLOSE TO THE OUTSIDE BEFORE TAKING LONGS OUR TARGET WILL BE 950
Midterm forecast:
While the price is below the resistance 1.6190, resumption of downtrend is expected.
We make sure when the support at 1.5275 breaks.
If the resistance at 1.6190 is broken, the short-term forecast -resumption of downtrend- will be invalid.
Trading suggestion:
There is a possibility of temporary retracement to suggested resistance zone (1.5825 to ...
