Pivot Point analysis is a technique of determining key levels that price may react to. Pivot points tend to function as support or resistance and can be turning points. This technique is commonly used by day traders, though the concepts are valid on various timeframes. There are several methods of identifying the exact points. Common types of pivot points are Traditional, Fibonacci, Woodie, Classic, Camarilla and DeMark and each type has its own calculation method.
Most use a variation of significant prices such as established highs, lows, opening and closing prices and then apply a calculation to determine these points. They all calculate additional support and resistance levels alongside the pivot points. They can be used to determine when to enter or exit trades or to determine the range of a market. Conservative traders look for additional confirmation before entering a trade. Whether pivot points are used alone or in combination with other techniques, they are a useful tool in a technical trader's toolbox.
the scenario is applicable only if the current price level is breached with is at pivot (sorry for the fine green line just above the current price candle), otherwise it wont go so deep and shall enjoy the reflection from the kumo green support cloud...
the reversal point of the forming bullish bat is also coinciding with the S1 support level of the traditional ...
Completed Double Bottom Reversal pattern is suggesting that downtrend is over for time being and prices can go up now. RSI is above 50 also confirming the decision of going long. It has given breakout and retested the pattern neckline today. All these make it a ripe trade setup for going long in the stock by providing a reasonable Stop Loss.
Disclaimer : All ...
There is a possibility of stocking getting reversed from the marked demand zone, if and only if the demand zone is strong. lets check if the zone is stronger or not in today's trading
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Failed to break 7/8 Murrey trading line it could retest 4/8 and then 2/8 murrey trading line
Twezzer candle in daily time frame so sell now today DXY should down in NFP newsrelease
These are the results of some range calculations I have been using regularly for some months. These Fibonacci based ranges work for any candle duration. This is a variation of Classical Pivots and Camarilla .
The present calculation is based on price action of the week April 16th-20th 2018. Valid from April 23rd-27th 2018. Can be used in combination with the ...
These are the results of some range calculations I have been using regularly for some months. These fibonacci based ranges work for any candle duration. This is a variation of Classical Pivots and Camarilla.
SL and targets depend on where the CMP is - the choice is one of the lines or dotted lines above/below CMP.
It helps to trade with the trend but this ...
Sell NIFTY around current zone for an immediate target of 10470 and 10420. Stop loss 10600.
Daily retracements and volume supports taken for Stop loss and target levels.
GBPJPY pair breaches the support and in overbought condition so it will move down 150.500 areas
Sell GBPJPY 151.750
Take profit: 150.500
Stoploss : 152.400
The core technical concept that the potential gartley can fail structure and fall into a extension pattern is being developed on the fundamental analysis....i will mentioned an example of such a failure of structure a little later in this description..
I expect the RSI BAMM trigger to activate at the potential reversal zone of the crab...
It is prudent to ...
The core technical concept that the potential gartley can fail structure and fall into a extension pattern is being developed on the fundamental analysis....i will mentioned an example of such a failure of structure a little later in this description..
I expect the RSI BAMM trigger to activate at the potential reversal zone of the crab...
It is prudent to ...
EXTREME BEARISH HARMONIC IMPULSE in formation
The exceptional item break up of 801.46cr ....
In the matter of disputed water charges between the Company and the Government of Odisha, both the parties vide minutes of meeting dated 8th
Dec'2017 have agreed for Rs. 58.18 crore as one time settlement towards arrear dues upto 31st Oct'2017 based on the principles ...
A bullish butterfly/deep crab based Projection , also based on similar patterns in the past..
Disclaimer... this is not an investment/trading recommendation..
No active trading.. no cryptocurrency at present in possession
HINDALCO looses 3.4% on NSE today with greater than average Volumes and fresh shorts seen on stock. Sell HINDALCO around 202.55 with Stop-loss on closing basis at 206.25 and Target of 190.10
