Finding Market Clues with Simple ToolsThis is not a trade I took — just an observation I found fascinating and wanted to share.
In ANGEL ONE’s recent price action, I applied a simple 3-step process:
Identify a turning point
Spot a potential 5-wave Elliott Wave structure
Look for RSI divergence at key highs/lows
After a sharp downtrend, price made a lower low while RSI showed a higher low — hinting at a possible bullish reversal.
Later, price moved up in what could be a 5-wave structure. But near the top, price made a higher high while RSI made a lower high — a possible bearish divergence.
I didn’t trade this setup — but it’s fascinating how often these simple techniques reveal potential market shifts. It’s not about being right every time, but about learning to read the market structure better.
Books like Elliott Waves Made Simple by Steve Sinclair have helped me more than any social media post. They teach you to think with structure, not noise.
This isn’t a buy/sell recommendation. Just sharing something I’m practicing. Mistakes will happen, but that’s part of the learning curve. The market is always there — it’s on us to keep improving our technical reading.
