Ascending triangle formation noticed in TCS. At the same time, MACD Line seems to be moving towards the Signal line. If the price breaches the resistance line, go long. if the price breaches the support line, go short.
These are study notes for the free Babypips course.
Based on this article: www.babypips.com
Chart we're using is the infamous Bitcoin double top of late 2017.
- Neckline is the resting place between the first top, and the second, failed 'run up'
- When the 2nd run up fails, that indicates that buyers are...
I should never try drawing again for sure. :D
Anyway, lets get down to this weekend's educational article.
- ALL ABOUT INDIAN MARKETS INDICES.
Something i feel every market participant, new or experienced, must know about.
Today's Market Rhythm :- given below...
Day :- Technically day trend is "Up", with price staying above DHEma 10548 level.
Weekly :- Technically week trend is "Up",with price staying above WHEma 10474 level.
Month :- Technically month trend is "Up", with price staying above MEma 10426 level.
Trade Advice :- Traders can close all long position and intiate...
Today's Market Rhythm :- given below...
Day :- Technically day trend is "Up", with price staying above DHEma 10210 level.
Weekly :- Technically week trend is "Sideways",with price stying below WHEma 10329 level.
Month :- Technically month trend is "Sideways", with price staying below MEma 10319 level.
When trend in all T/Fs are aligned together, holding...
Nifty 50 index managed to hold previous day’s low of 9951 zones and witnessed a strong rebound of around 200 points from its intraday low levels. It formed a Bullish Candle on the daily scale and headed towards its immediate hurdle of 10100 marks. Bulls Recovers Strongly showing the Power on the day 1 round of the week this shows a tuff fight toward the Expiry on...
‘Stock market is a device to transfer money from the impatient to the patient’ – by Warren Buffet.
REASON #1 – IRRATIONAL EXPECTATIONS
REASON #2 – SHORT TERM VISION
REASON #3 – NO STRATEGY / PLAN IN PLACE
Reason #1 - #3 : Details on Chart
REASON #4 – GRAB THE NEWS & PREDICT
Detailed: Glue yourself to TV screen and be rest assured, you will always lose money....
One of the most ignored risk in trading is the failure of the equipment you are using to trade.
If you have traded long enough, you'll know what I'm talking about.
As day traders, when there's a lot of money involved, you shouldn't save a few bucks risking a lot.
Let me explain with this list :
Backup device : You shouldn't rely on just one mobile or...
Basic Understanding and Rules for Bingner : -
- Never put trade against the major direction.
- Major direction conformed by first Impulse or some Moving average.
- Don't Trade in Correction Zone.
- Try to figure out which type of correction happen and put tradeline.
- Try to Entry in second Impulse, After breakout Happen.
- Risk to Reward Ratio 1 : 3
In this Educational post, I will be sharing the most basic and simple harmonic pattern: AB=CD Pattern
1. Formation of the Pattern
2. What to look in the pattern
This is a new series of Harmonic Patterns, where I shall be discussing about the below patterns:
1. AB=CD Pattern
2. Gartley Pattern
3. Cypher Pattern
4. Bat Pattern
Cup and Handle then this Flag Breakout, Now on the verge of Multi-bagger.
Senior Please check the chart and give me your suggestion can we say this is a C&H and Flag Pattern?
Waiting for Suggestions from Tech Experts.
Expecting 95-100 Next Target. Would like to get the comments from Seniours Tech Analyst.
Can we say it is a Traingle Breakout? Do you think the draw is fine? Please suggest me and Educate me :)
This is my first educational posting series on "Channels".
In this educational series, I would cover five important points while dealing with channels, as given below:
1. How to identify trend with channels?
2. What is the right way to draw channels?
3. How to use Channels to find trades?
4. How to validate channel trades and manage risk?
5. Multi-time frame...