BITFINEX:BTCUSD COINBASE:BTCUSD BITSTAMP:BTCUSD First attempt to use a andrew pitchfork+harmonics..! 1.106hr kumo cloud resistance 2.Bearish cypher 3.The median line of the pitch fork is acting as a pivot and the immediate support resistance in the fork is the 382 green lines and outer 618blue lines.. Does the bulls have enough power to penetrate that??! I...
1.Bearish cypher in formation 2.Pitchfork taken with respective points as mentioned.. 3. the revised long take profit is when the median line meets the resistance trendline 4.the long take profit level in point3 matches the PRZ limit for the bear cypher... 5.the reversal take profit is 0.382 and 0.618CD of the cypher.. Disclaimer.. not an investing/trading advice...
Nifty & this stock both are in downtrend so traders are naturally looking for shorting trade setup that requires small risk. Today's bearish engulfing at U-ML could be used to short the stock by providing SL of just high of the today. Here we are risking small amount and set the initial profit target of 2 times the risk is being taken. If it works we can continue...
The stock has formed double bottom pattern and is trading above the confirmation line now. This simple pattern does not require much explanation. We can trade it for the initial price target of 1190 - 1200. Disclaimer : All stock recommendations and comments are my personnel view. please take financial consultancy for trading decision.
Parallel Channel is capturing the price movement nicely and incidentally the PF is also having the same frequency thus confirming of its reliability. Bottom trendline of the channel is working as inner sliding of LML. One can buy the stock now or on seeing some sign of strength by providing the stop loss of 374. Entry 385 Sl 374 Target 420 Risk/Reward...
2 down sloping Pitchforks at the same frequency are capturing the price movement nicely. Price got declined after retesting the upper median line has formed the Inside bar which is also suggesting the weakness. If price trades below the low of today's bar one can short the stock by providing the SL of 280 on closing basis. Target expectations Median...
Please refer the chart. Thanks.
Please refer the chart for analysis. Thanks.
Please refer the Chart. Thanks.
Please refer the chart. Thanks.
Hi Traders, We have spotted a potential harmonic BAT pattern on TATAELXSI hourly chart. BAT Pattern isn't yet completed. We will wait for completion of the pattern to get engaged in this trade. Price may take few more days to reach D leg of the pattern. We will keep updating the idea. If you have any suggestions/queries, please free to comment down below. Thanks, Safri
I've observed Pitchfork is capturing the price movement nicely and demand is visible as the price is forming the second bottom thus giving a swing trade opportunity by providing a small stop loss. One can go long now(Aggressive) or defensive trader should wait for closing of this bar. If it remains an bullish engulfing just place the buy order in coming days...
Banknifty has fallen almost vertically 10.4% in last 16 bars, so natural question is where would this free fall got arrested. We can try to find the answer in the light of Action/Reaction method. There is a beautiful center-line(Multi-Pivot Line) with 5 touches so it could be considered reliable. AR set based upon it is suggesting that we are now close to the zone...
Please refer the chart for analysis. Thanks.
Please refer the chart for analysis. Thanks.
Please refer the chart for analysis.