I always love to trade such a chart but on 5 min. time frame :) Not possible ?? Yes, its possible.. but we will discuss on this topic later in some other post.
CORRECTIONS and the ELLIOT COUNT:
In this chart I can see three major correction. Each one having a different topping pattern. The first correction has a Rising Wedge; the second has Triple Top and the...
We created a parallel channel by looking at market pivots that have lines (a), (b),....(e). If look at this chart and drawing minutely, then you will found that where are maximum points(dots). That is called gravitation to attract the price value. In the future, while the pullback price tries to test this line in the coming days.
Fibonacci ratio, Many traders...
The mainly four Fib. Retracement are applied in different years.
confluence zone at 9647.
38.2 retracement level is at 9395
previous resistance and 61.8% retracement level at 9067.
Question is how to understand and use these levels?
Answer; There is always pullback whether there is a stock or market. If there is normal good new, then pullback easy can...
if there is a not a breakout about the trend line and the prices just tooches the trend line go short till the nearest support and if there is a breakout then wait for the trend or dont trade. place the stoploss near the resistance or according to your capital.
Few weeks of bearish trends and retracement, bullish momentum is finally building strongly on GBPUSD as price is approaching 1.30 , Probably before the week runs out buyers are able to take price towards 1.31 zone.
Risk Warning : The risk of loss in trading Foreign Exchange (FOREX) can be substantial.
You should therefore carefully consider whether trading is...
NMDC @ 128.95 is breaking down. But its a risky, we are in the middle of the trend.
Target 1 :: 121.75
Target 2 :: 119.45
Should be observed carefully, trade as per your knowledge. This is just to put on your radar.
Buy IndiaBull Hsg at current level with stop loss 295
Target insight 362, 394 and extended 411
Interesting chart pattern and looks like possible breakout at current level.
Good to keep stop loss and train on higher move