A falling wedge is a bullish chart pattern used in technical analysis. It is characterized by two converging trend lines that slope downwards, forming a cone shape. The pattern indicates that the price of a security is likely to reverse and move higher after a period of decline. Here are the key features: Converging Trend Lines: The highs and lows of the price...
Ah, the exciting world of trendline breakouts! 📈 Let’s dive right in. A trendline breakout occurs when the price of an asset decisively breaks through a trendline on a chart. It’s like the market saying, “Hey, I’m ready to change direction!” 🚀 Here’s the lowdown: What’s a Trendline? A trendline is a diagonal line drawn on a price chart to represent the trend....
The inverse head and shoulders (also known as the “head and shoulders bottom” or “reverse head and shoulders”) is a powerful chart pattern used in technical analysis. Here’s what you need to know: Formation: The inverse head and shoulders pattern forms at the end of a downtrend. It consists of three successive troughs: The first trough (the left shoulder) occurs...
MY BET ON ITC ON OCT FUT Certainly! Let’s talk about parallel channels in stock market charts. 🚩📈 A parallel channel is a powerful yet often overlooked chart pattern that combines several forms of technical analysis. It provides traders with potential points for entering and exiting trades, as well as controlling risk. Here’s what you need to know: Understanding...
FINALLY after a huge selling price started to show some bullish signals look pretty good risk rward for me be careful while using levg and use a proper stoploss has shown in your chart
PERFECT Consolidation - done textbook chart pattern rare to find - done Breakout + breakout - smooth just hold and ride the trade What Is the Flag and Pole Pattern? Imagine a flag on a pole—that’s the mental image we’re going for. Pole: First, there’s a sharp price move (either up or down). This rapid movement creates the “pole” part of the pattern. Flag: After...
PERFECT Consolidation - done textbook chart pattern rare to find - done Breakout + breakout - smooth just hold and ride the trade What Is the Flag and Pole Pattern? Imagine a flag on a pole—that’s the mental image we’re going for. Pole: First, there’s a sharp price move (either up or down). This rapid movement creates the “pole” part of the pattern. Flag:...
MAYBE it going to fly before us election exepcted 20/25 percent move within few weeks What Causes Consolidation? Indecisiveness: Consolidation typically occurs due to trader indecisiveness. It’s like the market taking a pause, catching its breath before the next move. Support and Resistance: The price moves within a narrow range defined by support (the lower...
A symmetrical triangle (also known as a “coil”) is a chart pattern commonly observed in technical analysis. Here are the key points: Formation: A symmetrical triangle occurs when the price of an asset fluctuates within a narrow range, forming two converging trendlines. These trendlines connect a series of sequential peaks and troughs. The upper trendline...
Ah, the channel breakout—a bit like a stock market daredevil breaking free from its boundaries! 🚀📈 Let’s dive into this exciting concept: What’s a Channel? Imagine a stock’s price action moving within well-defined boundaries—like a surfer riding the waves between two parallel trendlines. The upper trendline connects the highs (resistance), and the lower...
Ah, the symmetrical triangle pattern—a geometric dance of bulls and bears on the price chart! 📐🐂🐻 Let’s unravel this intriguing formation step by step: What Is a Symmetrical Triangle Pattern? A symmetrical triangle (also known as a “coil”) is a chart pattern characterized by two converging trendlines. These trendlines connect a series of sequential peaks and...
What Is a Bull Flag Pattern? A bullish flag is a continuation pattern that appears within an existing uptrend. It’s like a little pit stop for the bulls—a chance to catch their breath before resuming their joyful gallop. Imagine this: First, there’s a flagpole (the initial sharp price rise). Then, the flag appears—a period of consolidation, like a cozy picnic...
What Is a Bearish Flag Pattern? A bearish flag is a continuation pattern that typically appears during a downtrend. It’s like the market taking a short breather before resuming its downward journey. Picture this: Imagine a flagpole (the initial sharp price drop) followed by a flag (a consolidation phase). The flag forms parallel upper and lower trendlines,...
Certainly! Asian Paints is a well-known company in the Indian paint industry. Asian Paints Limited: ON monthly time frame FORM : A Marubozu is characterized by having no shadows (also known as wicks or tails). In other words, it lacks both upper and lower shadows. Business Overview: Asian Paints is one of the largest paint manufacturers in India. It operates...
"Brent Crude Oil is a major benchmark for oil prices worldwide. The chart typically displays the price movements of Brent Crude over a specific period, such as days, weeks, months, or even years. Key components of the chart include: 1. Multiple Support From Lower Trend Line 2. Likely It Will Take Support From The 76 3. Even On The Weekly Time Frame It showing A...
AS we see completely bearish trend also price has already take a retrace and rejection fall may continue for up comings week too
AS we can see a super bullisH CANDLE in dow jones whoever looking to tradee frx perfect time to entry thank u
Looking at the price chart this looking strong bullishness and even can see a trendline breakout can hold for weekly swing expect 10 to 15 percent in short time period