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Basic Chart Pattern is very effectiveHello Traders ! I ussually use basic chart pattern on my technical analysis. I think it's very useful for traders. Many trader still use it and CMT book still write and train it for many student in the world. Some chart pattern which I appreciate like as : 1/ Head and Shoulder 2/ 2 Top -2 Bottom 3/ Flag pattern 4/ Wedge Example, Gold chart (h1) as bellow, I use only 2 top-2 bottom to trade and you can see that it is very effective.
OANDA:XAUUSDEducation
by PhuThongTrader
4
TradingView Masterclass: How To Use The Top ToolbarIn this guide, you’ll learn about all the different tools that are available to you on the chart. Specifically, we’ll be looking at the toolbars that are located at the top, bottom, left and right of the chart: To summarize the chart above, the breakdown looks like this: ■ Top toolbar: Chart tools ■ Left-side toolbar: Drawing tools ■ Right-side toolbar: Community tools ■ Bottom toolbar: Advanced tools Now, let’s dive into each one starting with the top toolbar where you’ll find many of the most important chart tools for all your research needs. Keep in mind that we’ve ordered each item below as if we are moving from the furthest point at the top left to the furthest point to the top right. Let’s begin! ⦿ Symbol Search (Keyboard shortcut: type the ticker) - Open the symbol search at the top left-hand corner to access over 100,000 global assets across equities, forex, crypto, futures, and more. - You can find them by their ticker (e.g., type RELIANCE for Reliance Industries) or by their description names (e.g., type the name Central to find CENTRALBK stock). It’s also possible to find your favorite symbols with partial searches, that is, to write part of the ticker or description name and then select the corresponding asset in the search results. If you want to filter by asset type, you can select one of the following: Stocks, Funds, Futures, Forex, Crypto, Indices, Bonds and Economy (economic indicators). ⦿ Time Intervals (Keyboard shortcut: press ,) - Select the time interval for the chart. For instance, say you’re looking at a candlestick chart and you choose a daily chart. That means each trading day will be represented by 1 candle. - The most common time intervals are: 1m, 5m, 30m (intraday setups) 1h, 4h (swing trading setups) and 1D, 1W and 1M (long-term trading setups). - Traders can create custom intervals as well by clicking on the Time Interval arrow and then selecting the specific parameters needed. Don’t forget to add it to your favorites if you want it to be featured in the Quick Access toolbar. ⦿ Chart types - We have more than 15 chart types available to analyze all price movements, including the new HLC area, Line with markers and Step line. - Most traders prefer to use Bars, Candles and Area charts, but everyone has a different approach to markets. Be sure to find the chart type that fits your style. ⦿ Indicators, Strategies, and Metrics (Keyboard shortcut: press /) - Indicators, Strategies, and Metrics are designed to provide additional insight and information that may otherwise be difficult to see. - We have over 200 technical and financial indicators while also supporting over 100,000 custom scripts coded by our community. The best way to get started here is to start exploring the Indicators, Strategies, and Metrics menu as soon as possible. ⦿ Indicator Templates Here, you can save your custom indicator setups so that you can load them at any point in time. This tool is essential if you utilize different forms of analysis. For example, if you chart technicals and fundamentals, you can make two separate templates that can be loaded at any point depending on your need. ⦿ Alert (Keyboard shortcut: Alt + A) Alerts are used to create custom price alerts. Instead of watching markets 24/7, go ahead and create an alert at a precise level and then wait for that alert to trigger. Let our alerts do the heavy lifting. They’re always watching markets for you. It is also possible to configure them different notifications so that you can be alerted through email, our free app or with a webhook. ⦿ Bar Replay Bar Replay is a powerful, yet simple tool for backtesting. All experience levels can use Bar Replay for backtesting, practicing or learning about price history. To get started, click the Bar Replay button and then select a historical moment to rewind the chart backward to that point in time. Then, you can press play or pause, and retrade that moment to see how your strategy performs. ⦿ Undo/Redo Scroll (Keyboard shortcut: Ctrl + Z / Ctrl + Y) Any changes made to the charts such as drawings or indicators can be deleted or recreated. This works just like a Word document you might create on Microsoft or Google. Use the keyboard shortcuts to quickly undo or redo specific actions. ⦿ Multi-chart Layout If you have an Essential, Plus, Premium, or Ultimate plan, you can analyze multiple charts on your screen at the same time. Simply choose one of the available layouts from the menu to get started. You can also synchronize symbols, intervals, crosshairs, time and data ranges with the selected layout. ⦿ Manage Layouts Create, rename and load all the layouts that you save. You can also share your layout and enable the autosave option, which is very handy so that all of your work is saved automatically. Managing your layouts is an essential part of your analytical process because it enables multiple different chart layouts to be accessed as quickly and easily as possible. ⦿ Quick Search Need to find a function or tool on your chart? Open and use Quick Search to do that. The name of the tool is just as it can be used: quickly search for the things you need to edit, add or remove on your chart, and do it in a flash. ⦿ Chart Settings This is where you can customize all of the fine details about your chart. The Chart Settings menu has everything from the chart color, to the gridlines and labels, the text of the scales, and more. ⦿ Fullscreen Mode (Shift + F) When this is enabled, you will see only the chart. To exit Full screen mode, click ‘Esc’. ⦿ Snapshot and Publish Here you can download your charts as images, copy links, share tweets, publish ideas, create live streaming video content, and comment on assets with our latest feature Minds. If you want to share your expert analysis or get feedback from others, you’ll surely want to learn how these social tools work. Go ahead and give it a try - join our community of traders. Thanks for reading and we hope this post helps all traders and investors. Whether you’re an experienced professional or someone just getting started, we plan to create more guides like this to ensure you know how to maximize the features on our platform. Next week, we’ll share part two of this series, and cover the drawing tools menu on the left-side of the chart. - Team TradingView Be sure to follow us on Instagram , YouTube , and Telegram for more valuable content! 💘
Editors' picks
NSE:CNXSMALLCAPEducation
by TradingView
18
Perfect example of DOUBLE BOTTOM With DIVERGENCENSE:VOLTAS Double bottom is always a perfect pattern for LONG ENTRY. But I prefer to add some more factors which increases my probability to achieve the target. In this analysis tutorial, we will learn that. * After falling wedge pattern breakdown Stock momentum is exhaust near a good Support. - Never Entered in ONE SIDED BREAKDOWN or BREAKOUT. Wait for the Next GOOD SUPPORT - RESISTANCE, Because one sided move Creates a Doubt( maybe its a TRAP for a RETAIL TRADER like us). - ONE SIDED BO-BD can be a FAKE BO-BD ( In Mostly cases ) - And incase, If it's not a Fakeout - Fakedown, But a genuine one and we missed that - DON'T PANIC - Never entered in FOMO because this can spoil our RR. - THIS STRATEGY IS A SOLUTION FOR ALL THE ABOVE SITUATIONS. * And at that support( IN BIGGER TIME FRAME) I Found BULLISH DIVERGENCE. - Divergence is basically a manipulation by a big players. - In Bullish divergence with the help of some OSCILATTORS we see PRICE IS DECREASING but AVERAGE PRICE or STRENGTH or VOLUME is INCREASING. - {Opposite in BEARISH DIVERGENCE} - But if there is not any SUPPORT - RESISTANCE - - - - - IGNORE THAT AND NEVER ENTER. - Because WE FOLLOW ONLY&ONLY PRICE ACTION, Indicators is secondary. - And basic principle of PRICE ACTION is - NEVER ENTERD WITHOUT A SUPPORT RESTISTANCE ZONE OR TRENDLINE SUPPPORT OR ZONE. * When this stock Follows all rules of BULLISH DIVERGENCE I took a LONG ENTRY. - COMMENT if you wants to know all the RULES of DIVERGENCE. * Now chart pattern shows a signal of UPSIDE MOVE and our Divergence setup gives us a confirmation of that SO I ENTERED and ACHIEVED THE TARGET I hope this is helpful for beginners and a good revision for a pro players. DIVYA BIHARI DAS this side. THANKYOU SO MUCH. --------- COMMENT ----------- - Your Views - My Mistakes - Next Topic - Anything Relevant
NSE:VOLTASEducation
by DivyaBihariDas
How To Read Neowave Charts by Neowave ForecastHello Traders and Investors My Name is Manish Singh and i am an expert in Neowave. In this chart i have describe the coding method to read my charts. In Neowave Charts Degree labels used as intermediate, primary and cycle degree which is hard to understand by new user. Actually they understand 1 to 5 labels but they dont get the quiet idea in one look in which trend is this count is given. Thats why i came up with something simpler. So i am publishing this in the hope they everyone new trader easily understand the chart that it is in corection or in motive wave and for what time frame. As they follow my charts, than with time they will understand which degree takes how much amount of time approximately to complete its structure and it surely does in learning the neowave. Anyway friend kindly tell how you like the idea of this kind of coding. I am also puting some examples of chart here. 1) This is the chart of nifty in which long term wave is in correction and you can judge with the help of medium wave degree that where is long term wave correction can end or actually new trend is going to start now or it become a failure. you can judge the chart pattern with is also as you can see this is an flat structure. 2) This is another chart of USD/JPY In this chart i have used the old style of coding so that you can compare which one is easier to understand trend. As you can clearly understand with the help of count that it is going up but you were unable to catch that in which degree it is up or how long it will sustain there. Is there much bigger degree from the current one i am seeing.
Editors' picks
NSE:IDEAEducation
by Neowave-forecast
12
How to Trade an ASCENDING TRIANGLE BREAKOUTSTRUCTURE --> ASCENDING TRIANGLE is a type of consolidation pattern formed after an Uptrend ( Markup Phase). --> ASCENDING TRIANGLE is a triangular pattern with a flat horizontal Resistance on the top and a Trendline that connects atleast two Higher Low swings from the bottom to the top of the Triangle. --> ASCENDING TRIANGLE is considered to be a Bullish Pattern because the Swing Lows are getting shifted Higher signifiying the Sellers loosing the strength . LOGICAL REASON BEHIND THE PATTERN --> As the ASCENDING TRIANGLE is having the flat horizontal Resistance on the top , There are stack of STOP-LOSS-ORDERS just above the horizontal Resistance. When some Strong Buyer punches a heavy buying order, The order Triggers all the STOP-LOSS-ORDERS which were placed above the horizontal Resistance turning the sellers as buyers. --> Seeing the Breakout various New Traders and Algo's place more buying orders and the price tend to move higher. Example --> Take the example of the crypto GMTUSDT . --> Initially the crypto was in the Mark-Up phase. --> Later this crypto entered into the Consolidation phase by making ASCENDING TRIANGLE as the consolidation pattern. --> $0.82 was the horizontal resistance established by this stock. --> The Lows started shifting up from $0.5 to $0.7 to $0.75 showing loss in seller strength . --> The Price started sustaining above the POC (Point of Control) showing buyers strength. --> When Price Breached $0.82 all SL orders were Trigerred and the crypto gave the breakout with volume . --> The price moved higher as new Traders and Algo's placed more buying orders . Target and Stoploss --> Target would be the Depth of the Ascending Triangle, Projected above the Resistance Breakout as mentioned in the Example Screenshot. --> Stoploss would be placed below the Breakout Candle LOW .
Editors' picks
Education
by Roswin-Fernandes
28
HOW TO AVOID FAKEOUTS AND PROTECT YOUR CAPITALTaking A Right Breakout Trade Can Be Really Benifical, But What If It Is A Fake Breakout , Than It Will Be A Real Pain .... There Is No Way One Can Completely Avoid All The False Breakout , But It Is Possible To Avoid Most Of Them With Certain Strategies ,Which We Are Going To Talk About In This Post . . So, Lets See How To Not Trade A Breakout And Avoid Fake Breakouts... . . . Types Of Breakout :- Trendline Breakouts Pattern Breakouts (Parallel Channel ,Triangle.....) All Time High Breakouts Support And Resistance Breakout These Are The Basic Types Of Breakouts That Are Majorily Traded Around The World .So We Will Countine Our Discussion Taking Above Types Into Consideration . Breakout :- When The Price Of A Particular Stocks Closes Above A Price Zone (Support & Resistance ) Which Is Previously Tested By The Stocks Many Times . Fake-Breakout :-When The Price Of A Particular Stocks Fails To Sustain Its Position Above The Support Or Resistance Level And A End Up With A Reversal .A False Breakout Happens When There Are Not Enough Buyers To Continue The Trend In Breakout Direction. **************************** Look For These Things To Make Your Breakout Successful Candlestick Pattern Volume RSI Indices Support And Resistance . . . Candle Stick Assuming that you already know about the bacis of candle , look if there is bullish or bearish candles at the time of breakout . . . Rsi check the levels of rsi , check wheather if it is in the overbought(>80) region or oversold(<20) region . RSI below 40 a good for breakout , and above 70 is unhealthy for a breakout . Also check for the divergence RSI indicating . . . . Volume Look for volume buildup at the time of breakout Indices You Can Also Look For Nifty Or Bank Nifty Index Or Particular Sectoral Index Like If You Are Planning To Take A Breakout Trade In Hdfc Than Look At The Charts Of Banknifty Also , Like If It Bullish Or Not , If It Bearish Than Dont Take Trade With Your Full Capital Instead Trade With 50% And Add Another 50% At The Of Retest Or Look For Pullback At Lower Timeframe , Assuming All Above Factors Candlestick, Rsi, Volume Are Favouring The Breakout . Support And Resistance Instead of drawing a suppport and resistance a single flat line always draw a price zone indicating support and resistance zone covering the shadows of the candle You Can Also Use Ema And Couple It With The Above Factor To Add A Extra Confidence To Your Analysis . . Some Other Key Factors ... 1)Market Will Give You Infinte Oppourtunities So Dont Take Trade Based On Emotions . 2)Dont Enter A Trade If Your Price Is Already Went High . 3)If Price Is Moving Rapidly In One Direction And Then Breakout Happens Than Wait For A Reversal And If The Price Consolidate On Lower Time Frame Berfore The Breakout And Then Gives A Breakout There Are Less Chances That It Will Retest The Breakout Levels So Enter As Soon As You Got The Opppourtunity 4) Last but not least never stop learning and keep grinding HOPE YOU HAVE ENJOYED THE POST , WISH YOU A HAPPY TRADING JOURNEY AHEAD
Editors' picks
NSE:HDFCBANKEducation
by himanxu_yadav
117
How to search for stocks at 200EMA?One of Trading Views' strongest feature is its screener. Probably the best some of us have gotten used to so far. This is a small tutorial /writeup to help you search for stocks probably sitting at support. Remember, for certain stocks their area of value is 20EMA, while for some it’s 50EMA and for others it could also be 100EMA, so on and so forth. Basically, once you understand how this works, you can choose to tweak the values presented here to your liking. Having said this, let's figure out how to search for stocks that are on or have fallen to 200EMA. You can always choose a different value according to your search needs. For this tutorial we will stick to finding stocks at 200EMA. But before we move forward, let's get a basic understanding of what we are trying achieve. In a day/week/month/quarter a stock will always make a high and a low and the price will always fluctuate between this range or it will make a new day’s high or a new day’s low. The example below is a visual representation of a very basic candle or price movement within a range. I am sure you all know this but I am trying to make this as simple as possible for everyone to follow. So, all you need to take away from this is, there is a high, there is a low, and there is a body that represents opening price and closing price. Some candles will not have a body but I do not want to dive into the details of candlesticks. Google is your best friend to know more on candlesticks! What we are trying to do here is to restrict the search query from giving us stocks/scripts that are above 100EMA. Yes, you got it right. We are going to restrict the highs from going above the 100EMA and restrict the lows from going below the 200EMA. Without wasting more time, here is how you do it. Head over to Screeners and select ‘Stock Screener’ You should be on Trading Views default ‘Stock Screener’ page with a default set of filters. This screen displays stocks based on the filter you have selected. The Trading View screener always defaults back to the last used filter. Now, let’s tweak TVs search filter. Click on ‘Filters’. This will open up the Screener settings menu. In the search bar, type ‘High’. ‘High’ represents the highest value the stock reached in a single day. You should see 2 drop down options. For the first, choose ‘Below’ and for the second, choose ‘Exponential Moving Average (100)’ Go back to the search box and type ‘Low’. ‘Low' represents the lowest value the stock reached in a single day. You should again see 2 drop down options. For the first, choose, ‘Above’ and for the second, choose ‘Exponential Moving Average (200)’ Now, this part is important to get consistent search results. What happens with only the above search query is that you get a very convoluted or mixed search result where the EMAs get intertwined. Adding this section helps prevent the EMAs and overall search result from being all over the place. Head back to the search box and type ‘Exponential’. What you need to edit is 100EMA. From the first drop-down choose ‘Above’ and for the second choose ‘Low’ or you could also choose ‘Exponential Moving Average 200’. This setting remains mostly constant even if you edit the above search parameters. Close your ‘Filters’ settings menu and click the drop-down menu beside 'Filters' to ‘Save’ your newly created filter. Select ‘Save Screens As…’, give your new search filter a name and you should be done. Viola! Your new search filter is ready to be used. However, if your search result is huge (it should be), you can tweak it a little further to reduce the total number stocks returned by the filter. Here is what you need to do. Head back to the filter menu and type 'Last'. ‘Last’ represents the closing price of the stock. From the first drop down option choose 'Between' and enter your desired range in the 2 boxes. Here you are defining the price range of stocks that are within the value of 100 and 800. So, TV will only display stocks that fall in between this range. In addition to all this, you can limit your search to only one Exchange. Which is either the 'BSE' or the 'NSE' exchange instead of both. To do this, type 'Exchange' in the filter search menu and choose either one. Psst: Don't forget to save your filter each time you edit else TV will not save your edits! Hope you found this helpful and I sincerely hope you find a ton of good stocks to invest in! Happy Trading!
Editors' picks
NSE:RGLEducation
by sandeepbalachandran
33
The Trend in the Bend - EMA + Price ActionKPIT Technology is one of the leading IT shares in India. I had also identified and posted it just before its recent rally. Here is a more detailed run through of the price action. It demonstrated a very clear support at EMA 50 level and a fairly clear Resistance level. This was further supplemented with a double bottom pattern and rising volume levels - Clear entry signals Also, knowing that the EPS of the company has been consistently growing without unreasonable price increase, helps to strength the conviction. I personally find EMA very helpful for pullback levels and they are fairly effective in a healthy upward trend. EMA is basically the Exponential Moving Average of the share price over a period of days. Traders use various EMA levels for identifying bounce back levels and pullback zones for re entry. Normally EMA 9,21 are used for short term trades, which basically means exponential average over a period of 9 days and 21 days. Furthermore, EMA 21, 50, 100, 200 are major ones I prefer to keep a track of. EMA might not be very helpful in a sideways market, but when combined with a clear Support - Resistance level and Volume Analysis, it can be a helpful tool. I hope you enjoyed reading this abstract. Drop a like if you did and follow for similar updates. Let me know what you think about it in the comments below. Thank you :)
NSE:KPITTECH
by Aayush_Rungta
1
Flag Pattern Identification | Moving Average | Entry Guessing chart patterns in Higher timeframes & then moving gradually to lower timeframes for Confirmation & Entry points. Technical Indicators which I am using here is Moving average. 1. First looking at the weekly and daily timeframe, I confirmed that stock is trading above the Moving average. Also, there is an impulsive buying followed by some correction. This hinted towards a FLAG PATTERN. 2. To confirm the flag pattern and specifically the entry point, which will be candles breaking out the Moving Average line, I analyzed 4H and 1H timeframes. 3. Once I see a candle breakout at the Moving average line in an uptrend during a correction phase, I place my entry for BUYING. ** Setup stop loss and Target as per your own trading style**
NSE:KABRAEXTRUEducation
by Sanketpr
ONGC Inverted Head and Shoulder As you can see it has created a beautiful Inverted Head and Shoulder Pattern n. The Rules are from the center of the head to center of the shoulder there should be at least 7 to 8 candles. After creating the first shoulder, Price Touches the neckline let's take that point as A and the bottom of the head as Point B. When finally after creating an inverted head and shoulder pattern the price crosses the neckline and closes above it and creates a new candle there that's the point to buy and draw a line from point a to point b and place it above the neckline and there you get your Target Price. Next to Inverted Head and Shoulder Pattern, it has created Double Top. See if you can find or let me know below.
NSE:ONGC
by rajeevpatil
M Top or Double Top Bandhan BankThe Daily chart in Bandhan Bank shows a clear-cut M Top or Double Top pattern. Note that it's a trend reversal pattern. As you can see before the M top it was bullish and After the M top it created a bearish Trend. Let's call the first candle which crosses Neckline as Point B, and the Resistant line as Point A. when the candle finally crosses the neckline after creating M Top or Double Top draw a line from point A to point B. and place it below the neckline that shows the target. It's clearly seen that it has given a significant profit of 16%.
NSE:BANDHANBNK
by rajeevpatil
SBI LIFE (BUY AND SELL)Why Buy and Sell Now you need to understand the chart Is creating 2 patterns at the same time 1. Tripple Top (which is a trend reversal)(Which is highlighted in Yellow) 2. Cup and handle (which is highlighted in Blue) If the price crosses the resistance line and creates a new candle above the resistance line then Buy the Target is 1130.( Which means its completing Cup and Handle Pattern) If the price crosses the Support line and creates a new candle Below the Support line then Sell the Target is 860, 778, 737.( Which means its completing Tripple Top Pattern)
NSE:SBILIFE
by rajeevpatil
Parallel Channel- A great tool for Identifying Trends A parallel channel which can also be termed as a price channel is a tool to identify a share’s price in bounded parallel lines. It can be horizontal, ascending or descending. It’s a great tool for those traders who believe or trades with the idea of Price action. A parallel channel can be formed when the price of a security is restricted by supply and demand and can be upward, downward or sideways trending. It shows the trend on which the security might be headed towards or on the verge of breaking it to reverse its direction. It can occur on various time frames and can be created on various instruments like stock, mutual funds, ETFs etc. The two parallel lines act just like the Resistance and Support. The upper line acts like the Resistance and the lower line acts like Support. A lower trendline is when the price pivots higher, and an upper trendline when the price pivots lower. The steepness of the parallel lines decides the direction of the price it moves. Ascending channel will be bounded by positive lines indicating that the price is trending higher with each closing of the bar. Likewise, a breakdown of the lower line means that price has moved significantly and now it will see some profit booking and makes a good opportunity for profit booking. Descending channel indicates that price is trending lower with each bar it is forming. Whereas a breakout of the upper channel conveys that the trend has changed and now the price will move upwards. As in this example of Axis Bank Daily chart, you could see a Descending Parallel channel which did retrace to its lower price channel and that makes it a good entry point after which it broke the upper channel with good volume confirming its upwards rally.
NSE:AXISBANKEducation
by Saket_Ojha