APLLTD [pitchfan tool]APLLTD ...
pitchfan trading :- first time i share this tool i use in my technical study purpose . The chart has several green and yellow circles highlighting significant zones. These typically represent areas of interest, such as support, resistance, or breakout points.
show potential support and resistance levels. They suggest the market could reverse its direction or experience a significant price movement along these lines.
Price Targets:
1st Target (1st TRG): The first target is marked at a certain price level, indicating the initial expected profit-taking point.
2nd Target (2st TRG): The second target is marked higher, suggesting a further price movement upward if the first target is achieved.
Stop-Loss:
Place your stop-loss below the breakout level or the recent support (green circle). This minimizes potential losses if the trend reverses.
Support and Resistance:
Monitor the pitchfan lines. If the price respects these lines and reverses or consolidates around them, these could serve as potential entry or exit points.
Based on the my technical study , the ideal swing trading would be to enter near the breakout point, aim for the first target, and then the second target if the momentum continues. Always ensure to use proper risk management with a stop-loss below the recent support or breakout level.
for MORE check in my Tv-id " in.tradingview.com "
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"Disclosure : I am not Sebi-registered." This channel is for only educational purpose. Any profit/loss, I am not responsible.
Before taking any trade on our charts / calls, please consult your financial advisors. Thanks🙏↗️
