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Pattern Identification by Considering Safety in Analysis!Pattern Identification on any Timeframe! Importance of the Factor of Safety in Projected Target To avoid the Losses! How to identify Patterns and Project the Target on the chart! I have selected NVDA weekly chart for Technical Analysis. Here the Head and Shoulder pattern formed on the Top. We can see the previous trend of NVDA was an Uptrend so the probability of high that trend will get reversed after the neckline breakdown and the price has given breakdown to the neckline and it went down. I have projected the downside target by projecting the head to neckline length below the neckline. But we all know that, the things which are given in a theory doesn't work 100% all the time. So to avoid the buffer between Theory and Practical I have projected the line parallel to the neckline from the projected taregt so we should exit our position without waiting for the Theoretical projected target. This is my personal view to exit from our existing position without waiting till the end. Most of the time what happens is price reversed before our projected target. That's the reason i am sahring this Educational Idea to achieve maximum profit by considering Factor of Safety or You can exit your trade by achieving 80% - 90% of your projected profit. If you like this Educational Idea then Comment Below! Thank you!
NASDAQ:NVDAEducation
by Avinash9087
3
Update on Nike SwingTrade on Nike Swing is no longer relevant because of following : 1) Nike has been unable to higher high which indicates lack of buyers in the market 2) Also, Nike has started consolidating at the supply zone and on top of that it is not heading higher. Which means Nike is distributing right now. 3) Also Nike is distributing on top of demand which means that demand zone will be violated Right now there is no trade now. But I'm explaining that the long Swing trade is no longer relevant. Wait for Nike to shape for new opportunities
NYSE:NKELong
by mihirsavla19