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With exiciting termination wave -An Leading Diagonal in SUZLON.Review the " Leading-Diagonal ": As you know, Leading Or Ending Diagonals one of two types of motive waves, the other being in impulse wave. The Leading Diagonal is a terminating wave pattern that is form the 1st wave position of impulse waves or as wave A. This is an example here live - SUZLON. We have an Leading diagonal in the 1st wave position of an impulse wave. Now what's exciting about this real-time example: 1) We've throw if you connect the trend lines which connect the extremes of waves 1 and 3 and extend that forward in time. The wave 5th is a bit of price movement above that trend-line which is refer to as Throw-Over. I actually like to see that because that is sign of termination of wave 1st as higher degree or wave 5 of (1). 2) The high price at 13.1, we've also seen spike in volume which is even another sign of termination of termination of wave 1st as higher degree or wave 5 of (1). These both sign are sharp resolution and dynamic nature of the structure, meaning terminating wave pattern. This is why I'm so exciting to this post and probably one of the most exciting as "Elliott wave patterns" for me. ------------------------------------------------- The Diagonal Triangles are easy to identify, and its introduce dramatic reversals in price, typically to the origin of the pattern and then some! Furthermore, the parameters of this wave pattern are easily discernible and useful in formulating a trade plan The signs that indicate that a Diagonal Triangle is complete : 1. The presence of throw-over and 2. a spike in volume. Throw-Over: it occurs most often in wave 5 when prices moderately exceed the trend-line connecting the extremes of waves 1 and 3. A spike: in volume occurs when there is unusually large volume, and it typically occurs in unison with throw-over. ------------------------------------------------- I am really exiting to see next move.
NSE:SUZLONLong
by Trade-Technique
38
Putin effect, Where we can expect expiry. Look at VIX. Where is it now. indicating the crazy movement will continue. Any news can drive the market's movement. stepping into the last week of the month with caution. Monday opened with a gap down and then started a recovery, then fell again. Today it opened with a huge 300 point gap. Think about it. Carrying over night positions is risky. As a trader, we have to look for good premiums everywhere. Make use of it and make sure you won't get stuck in volatility. Looking at the price action, it is good to see that 16850 took support and bounced back. When it comes below 17000, there is buying happening. A good sign. Also, keep an eye on that. If it breaks with strength, we can see a larger move. Above, there is a trend line. I will keep an eye on these levels. Below 16850 and above 17350. Coming to my option selling, I am already sitting on top of nearly 1.5% profit, having booked 0.8% profit. I started selling calls on Friday and I expected negativity. I took 17850 CE at a good premium at the closing time. Monday gap down opening and the CE almost melted. I held on to it, and today I booked profit. I entered into the PE side at 15850 too far with a really good premium VIX spike to help get that and the CE side at 17550. The current position is good now, one point CE side give me bit worry. My plan for the week's PE side almost melted if Tmro gapped down. I will hold my PE and adjust only the expiry day and worry about my CE side because of the VIX spike. If my SL did not meet the price, then my plan was to hold the CE till 17450–17470 and roll up the PE to 16850. Otherwise, just make adjustments. expiry day only.Let's hope we can end this week on a high.
NSE:NIFTY
by Manuadarsh
1
Advanced Enzyme Technologies Ltd: Inside bar tradeAdvanced Enzyme Technologies Ltd: Inside bar pattern on 1 hr TF chart with a spike in volumes. Strictly enter and exit strategy. Entry at INR 194.85 (High of the preceding bar) and Exit/ Stoploss (low of the preceding bar) at INR 185.10. “The elements of good trading are: (1) cutting losses, (2) cutting losses, and (3) cutting losses. If you can follow these three rules, you may have a chance.” – Ed Seykota Disclaimer: This idea has been posted strictly for educational purposes only and any investment shall be taken post proper due diligence and consultation of a certified Financial Advisor
NSE:ADVENZYMESLong
by rajesh066060
High Probliblity of SPIKE for GAIL. Price is trading at a " value high ". Suppose to extend price rotation as drawn in the chart then Spi ke is ready. The 30min can close above 148.7 then, 90% chance to make spike for targets 151.5 and 152.25. While Spike volume should more than average volume , for instance, 2x volume will confirm the spike. Support at 147 Hit LIKE button for live ALERT /Notification. Price Rotation is used in technical analysis to describe the movement of a stock's price within a well-defined small area. It is generally caused due to trader indecisiveness Price movements are broken upon major news. The price rotation is the fair market value. Price-Rotation : The Price-Rotation or up and down movements that travel from the value area high to value area low and back. Of course, with the sellers being in control and pushing the price down slowly, we do not get to have all the price rotations at the same price level over and over again as it happens in value areas where the price is moving completely sideways due to the perfect balance between supply and demand . Those type of value areas will offer extremely powerful support and resistance areas for future price action . In the case of the shifting value areas, price spends less time at one single price area. However, we will use these value areas to construct a bigger price structure that will give us a huge opportunity to succeed in the trade. I WILL WRITE ON THIS TOPIC VERY SOON: The difference between true breakouts and false breakouts, how to use price action, volume activity, and different time frames to confirm the breakout, and how to trade them correctly. What is penetration and why we use it?
NSE:GAILLong
by Trade-Technique
4
The Play after a Spike and RangeNormally we see that after a spike or impulsive move the price gyrates in a trading range. This is the zone where most of traders lose money coz there is no clear direction to play. We can observe this situation in all time frames. In order to play ranges we have to be patient and wait for price to break down the range. See 'A' in the left figure, this is the point where large funds or those who have some sort of information about news or something are buying..let's just ignore who is buying and remember that price bumps out of range. Why dun we buy at A? Coz we dun know as of now that the price is going to reverse back into the range or up. So when do we buy? We buy as price pops back into the range sharply. Here comes our sweet spot 'B' to buy..for confirmation i would look for a bullish candle shown above (u can use your favorite bull candle). Either just buy above the high of bull candle or into the small pullback that follows the bull candle. Stops here should be below the low of bump 'A'. In case we miss the above play and the price jumps above the range we can look out for small pullbacks that follow. Normally a two legged pullback piercing into the range or touching the ceiling of the range is preferred, in this case I would buy at D. However if price makes a single leg pullback and I find myself in a situation where I can only buy at high (coz trend is very bullish) then I would wait for price to make new high at 'C'. The latter is the least preferred trade as it is much riskier. In these two cases the SL will be below the low of small pullback. For entries I would also look for a bullish candle formation. Yes, it is good to wait till close of the candle and buy above the high of this candle. In all the three cases we have been trying to minimize our risk. We want our SL to be as closer to our buy price as possible but we also dun wanna stuck in a failure move, thats why we use bullish candle confirmation. Sometimes our bearish bias stops us from buying at point A,B,C or D. Why? Bcoz of some falling trendline or some previous important peak or resistance line at those levels in some higher time frames. In these cases 1) I would simply miss the trade or 2) I would use strict stops and trail. The post is for educational purpose and can be applied to any market. I always suggest to minimize risk and never take risk more than 1-2% of your capital. Play safe Stay healthy. Like, comment, share and follow. Thanks
NSE:BANKNIFTYEducation
by Bravetotrade
18