What is Smart Money and what it does in Markets? The most asked but unanswered question.
In the chart, I have taken a scenario from October big down move and plotted how Money was withdrawn before the devastating move.
Yes - The people who knows when to enter and exit the market - Are SMART, isn't it
SMART people understand the VALUE and Fundamentals to find ...
Long if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed ...
This is based on the book by Laurentiu - Price action breakdown
As you can see in weekly chart , it was in initial downtrend phase
In the downtrend phase there was a clear lower high , lower low pattern
The downtrend turns into an uptrend when price makes and confirms a higher low at the lower right side of the chart.
That higher low is only confirmed by the ...
The stock has constructed Flag on Daily as well as for 15 min TF giving opportunity for Intraday as well as positional trade. Fib Reatracement for downside wave is almost reatraced by more than 61.8 % showing potential upside.