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Fractal

TCS - Swing Trade Entries and Gap Fill Trade OpportunityIn Daily chart, The price is following the trend line. The price is in a consolidation state in between the levels shown. LTP is holding Monthly-Central Pivot Point In 4hr chart, For Buying, wait for the LTP to break the Fractal @2731 (Buy above 2736) - TP @2811 If the price breaks the bottom level, sell below 2604 - TP @2540 - Gap Fill Trade Opportunity The opening price for December month decides the direction of the market when using the Pivot points for Sing trade. Position Sizing according to the risk taken. Choose SL carefully (0.5% of stock price preferrably)
NSE:TCS
by kphemanth
Bitcoin FractalFractal Since August, fractal similar to May month is forming. This fractal is of 3 months (May to July) length and repeats after 3 month (August to October). Fractal holds similarities in price action like continuous rise in price for days, sudden big price fall, low and high in pattern are at same arrangement. This same pattern follows from October onwards. Support: Parabola formed becomes resistance to fractal after which price reverse back but now this parabola is broken and now this acts as a support. Previous Zone between 13000 to 14000 is another big support level. 100 Daily MA had been support for both May and August, so it is a possible support. I have extended MA 100 line expecting such formation. Their is one possibilty that BTC will keep moving along resistance and will bounce up wherever fractal had pumps. Invalid: This fractal could fail if BTC keeps on moving up breaking resistance.
Education
by Parth_agrawal
COMA ( Combined Orderly Moving Average ) Friends whenever you want to trade Moving average system trading , One thing you must follow is an method called COMA that means " Combined Orderly Moving Average " this basically help you to identify choppy and side ways market and trending market during side ways market price moves in range where people trade it as trading in Zone system , Most retail and day traders trade it as support & Resistance if you are looking for trending move where you will keep making money as long as you have confirmation and Trailing stop to keep your profits growing this method is used in Wall street , and its called COMA , Most of wall street Professional like to trade trending market , they just pause or trade less in Choppy market having an Experience as wall street Professional today i am providing you little called COMA + Trend line Yes this method is money making method and Most Options sellers you this Method in Wall street , its simple method to understand i will try my best to explain here in writing if you do not understand bear with me I will post after Oct 05 a video explanation What is COMA ? A COMA is a where all the selected moving average are in orderly manner the represent their placement in orderly manner when all the 3 Moving average are in orderly manner the Market is in trending , that means any reversal at or near one of the moving average buy or sell set up in buy set up and lowest low is stop loss , also one can use value of middle moving average as trailing stop or can book voluntary once it close below the top moving average in sell set up the price has to breach top moving average and then reverse which is considered as sell set up the trend line placing exactly below the Lowest low or highest high moving average will help you to understand where the market is heading i have posting some call out in the charts , Hope you will try to understand it tats all friends Good luck
NSE:SHREECEM
by ShreeKrishna_F
1
Nifty 50 - Where is it going? Elliott Waves AnalysisHey, whassup reader? I bring you an analysis of Nifty 50 using Eliott waves and found the price to be respecting the waves theory from 1996 till today. Here's my approach, observations, and some prediction mentioned below for you. Like and comment on what do you think about it. You can zoom out in the chart to see the wave pattern formation across time. Approach - 1. Decide a timeframe for validating if the index is respecting Eliott waves theory - Used weekly Timeframe for this 2. Decide a time frame to predict where the price move will happen in the near future based on the behavior of recent corrective wave caused by corona - Used daily time frame for this Observations - 1. The index respects Eliott wave very well as demonstrated by the Fibonacci levels of the motive and corrective wave. (I cannot put multiple Fibonacci on one chart on top of another so that's one exercise which you can do yourself) 2. The coronavirus marked the end of the second motive wave which pushed nifty prices up from the bottom of the housing bubble in 2008. 3. The correction wave by corona (wave A) was impulsive in nature making prices fall to a bottom of 7.6K 4. Wave A saw retracement by Wave B (50% Fibonacci level of Wave A - is at 9854) taking prices high to the current level which is 9580. The story gets interesting now. Is wave B going to get over at 9800 level and Nifty 50 will fall from there again?? How far up the prices can go by wave B of NIFTY 50 before it will get weak again and will be taken over by wave C? Wave C can make the price fall again till what level? Can nifty go below 7500? Predictions - Note: This is completely based on my analysis and understanding of Elliott waves. I will not advise you to trade according to my analysis results. a. Wave B is not over yet. The price will increase to a minimum of 9854.1 (50% Fibonacci retracement of Wave A by wave B) or a maximum of 10407 (38% fibonacci retracement of wave A by wave B). b. Given the impulsive correction of wave 5 by the corona induced wave A, a zig zag or complex recovery is expected. c. Another fall will follow the high of wave B, which will bring the prices below the previous low of 7.5K d. The fall can be as low as 6041 (1.6 Fibonacci level) of Wave A caused by corona. My trade setup - Right now, I will go long till 9854 level/10407 level. If 9854 level is crossed and stock moves high towards 10407 level then I will put a stop loss at 9854 level. At 10407, I will exit the trade and wait for other SR levels to decide my next position. Thanks for reading it till here. Hope you liked the analysis. Do let me know what do you think about Nifty 50 prices in the coming months in the comments below. 1 like = 1000 Encouragements. Please like and follow me for more such ideas Ankit
NSE:NIFTYLong
by DataScientist-Nitian-learner
33