8th Nov 2022 -
According to my analysis I am bullish on gold for short term as there is a CHoCH to the upside and also fib levels are matching with the strong demand zones on 4H timeframe
👑 Terms used if you don't know :
✣ Contraction pattern: A pattern starting with a broadening high candlestick and low candlestick and converging to a fixed point, these highs and lows created in between them are bulls vs bears fight going on inside the pattern and if it comes to the lower part of it, surely bulls will take it to the topmost point and vice-versa...
👑 Terms used if you don't know :
✣ Contraction pattern: A pattern starting with a broadening high candlestick and low candlestick and converging to a fixed point, these highs and lows created in between them are bulls vs bears fight going on inside the pattern and if it comes to the lower part of it, surely bulls will take it to the topmost point and vice-versa...
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🔥 Strategy :
✣ Simple: On the D chart supply is now your demand zone
✣ Bullish pattern consolidation at the same levels with a good Risk to reward ratio is generated here too
✣ Where to trade, which TF to use, and how much to risk is told inside the video do see...
👑 Drop a follow here: @Averoy_Apoorv_Analysis 👑 ----------------------- 🔥🔥 Target: 1000 Followers 🔥🔥
📌 Strategy: A good fall but still near good MAs on D charts
✣Risk in the trade is just 1 to 2% that's the quality of the trade :) thus a little more capital can be used but at your own risk
✣The pattern is like a fall - a consolidation zone with RSI bullish...
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✺Strategy 1: beauty closing on 30min chart and waiting for 1hr close too if gives a good close here it's going to the moon with a banging 10% also never get too excited and hold your emotions, on that note lets take the risk of 3% from here :) the chart is self-explained...
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✺✺ Target: 1000 Followers ✺✺
✺Strategy 1: Only on D close, the stock is currently 3% up so if it closes around 3.5 to 5% up the stock is good to go long for :), it took support from a perfect place and now giving two pattern breakout as a sign of reversal of trend and making higher low thus can make...
A Breakout from the upper trendline = a decent up move for weeks and months can be seen on an overall basis .
WATCHLIST STOCK
The pattern I see is a triangle pattern :) on week chart
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🔰 {Some info}
➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my...
