Get started

Chart Patterns

RSI and RSI Divergence Part 2RSI (Relative Strength Index) is a momentum indicator that measures recent price changes to assess if an asset is overbought or oversold. RSI divergence occurs when the price of an asset and its RSI move in opposite directions, potentially indicating a trend reversal or weakening trend. There are two main types: bullish divergence (price makes lower lows while RSI makes higher lows) and bearish divergence (price makes higher highs while RSI makes lower highs).
NSE:TATASTEELEducation
by SkyTradingZone
Option Chain TradingAn option chain is a comprehensive listing of all available option contracts for a specific underlying asset, typically organized by expiration date and strike price. It provides a detailed view of call and put options, their premiums, and other relevant information like bid/ask prices, volume, and open interest. This tool is crucial for options traders to analyze market conditions, identify potential trading opportunities, and choose the right options contracts based on their investment strategy.
NSE:TATAMOTORSEducation
by SkyTradingZone
How to Trade Using Automatic Fibonacci Zones!What is AutoFibGauge? How to Trade Using Automatic Fibonacci Zones! 🎯 ⸻ Manually drawing Fibonacci retracements can be confusing and time-consuming. That’s why I use AutoFibGauge, a custom tool that automatically detects swing highs and lows and plots key Fibonacci levels for you. It makes my trading faster, more accurate, and helps avoid emotional errors. ⸻ What is Fibonacci Retracement? Fibonacci retracement is based on the idea that markets tend to retrace a predictable portion of a move before continuing in the original direction. The most important Fibonacci levels are: • 23.6% – Minor pullback • 38.2% – Healthy correction • 50.0% – Psychological midpoint • 61.8% – Golden zone (high probability bounce/reversal area) • 78.6% – Deep correction zone Traders use these levels to spot potential support and resistance zones. ⸻ What AutoFibGauge Does: • Automatically finds recent swing points • Plots Fibonacci retracement levels instantly • Highlights important reaction zones like 38.2%, 50%, 61.8% • Updates dynamically as the market evolves ⸻ How I Use It: 1. Identify if price is reacting to key Fib levels (like 0.382 or 0.618) 2. Combine with trend confirmation (like QMA or Parabolic SAR) 3. Plan entries, exits, and stop-loss around these Fib zones This saves time and removes the guesswork! ⸻ Real Example (BTC/USD 1H Chart): • After a strong fall, AutoFibGauge plotted the Fibonacci zones automatically. • Price reacted perfectly near the 61.8% and 78.6% retracement areas. • These zones act as high-probability reversal or continuation areas. ⸻ I’m using the AutoFibGauge indicator (available free under TechnoBlooms on TradingView). If you’d like the direct link or help setting it up, feel free to comment below or DM me! ⸻ Tap LIKE ❤ & FOLLOW ➕ if you found this helpful! More trading tools and strategy tips coming soon! ⸻ #BTCUSD #Bitcoin #AutoFibGauge #FibonacciTrading #TechnicalAnalysis #PriceAction #TradingTools #LearnTrading #CryptoTrading #ForexStrategy
CRYPTO:BTCUSDEducation
by FebinKaderKA
5
Candle sticks pattern analysisA bullish candlestick is typically green or white and means the closing price is higher than the opening price, indicating upward momentum. Inversely, a bearish candlestick, generally red or black, signals that the closing price was lower than the opening price, reflecting downward pressure. -If the upper wick on a red candle is short, then it indicates that the stock opened near the high of the day. -On the other hand, if the upper wick on a green candle is short, then it indicates that the stock closed near the high of the day.
NSE:HDFCBANKEducation
by SkyTradingZone