Who says, finding Top / bottom is difficult?Beautifully Finds TOP @ 1325 and marks it with 2G in Multiple Level Retracement.
Reversal
Tatamotors may show a change in trend.The stock is on crucial support may show reversal, wait for any kind of pattern before entering any trade.
What a Reversal :-)Perfect Long from 4th July 2018 (1. No Retracement)
Perfect Reversal (Last Retracement) seen at 10:30 am today. (2. Single Level Retracement)
Perfect Normal Sequence of color fading seen @ this last Retracment (3. Multiple Level Retracement)
See how good it looks in 5 min time frame.
Thankyou "Retracement and Reversal" for not predicting the outcome of meeting today.
Problem with RSI1. No Entry - Exit Pair
As clearly seen, RSI shows 3 OverSold or Long Entry Regions but do not show even 1 OverBought - Long Exit Regions.
Price falls after each Long Entry Regions 1 and 2. False Buy Regions.
Most of the traders have no clue on when to sell, if they buy at Entry Regions.
2. Remains in OverSold or Long Entry Regions for so long and Price is falling continuously.
As seen, entered into OverSold region @ Low of 2835 and finally came out of the region @ Low of 2808
Again, Most of the traders have no clue on when to sell, if they buy at this entry regions.
Either most of the traders will loose on profits, if at all they make or will make losses, as price is seen to be falling and no clear indication of Exit.
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Retracement and Reversal indicator
1. shows Red @ 2900 levels, RSI was not in OverBought Region.
2. does not show Green at Entry Point 1 and maintains Red. No false Buy Signals.
3. shows that this Entry Point 1 and Entry Point 2 are infact Retracements in a down trend as shown by "2. Single Level Retracement" - Gray regions.
For more about Retracement and Reversal Indicator check out details at
"Retracement and Reversal" indicator never predicts.
UPL Retracing UP in a Down TrendOnly known to future*, if this Retracement continues further its way up and gets converted to Reversal - Up Trend.
Wait and Watch.
*Retracement and Reversal never Predicts.
Reliance Retracing Down in an Up Trend.Only known to future*, if this Retracement continues further its way down and gets converted to Reversal - Down Trend.
Already showing lightest of GREEN in "3. Multiple Level Retracement" from 15th June - 1 pm.
*Retracement and Reversal never Predicts.
Volume-Spread Analysis: Bar-by-BarHi fellows
Notice how the volume-spread analysis could help in finding major reversals. The analysis is applicable to all time frames.
Rest notes are on the chart.
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Trade safe, stay healthy
Best Regards
Afraidtotrade
