TeamTaurus

TeamTaurus

A Big IF is because we are talking about probability here as the pattern is not yet shaped to its prime. Lets Understand the Inverted Head and Shoulder Pattern Left Shoulder : After a downtrend, the price of the respective asset makes a low and then rallies to a higher point, forming the left shoulder. Head : Following the formation of the left shoulder,...

TeamTaurus

Price action patterns are hidden ... All you need to do is to identify them This pattern is broken in the last trading session and i'm no ware expecting a retracement at this level If we did get to see a retracement point it could possibily be around 17800 ish.. always remember .. Identifying pattern is different and trading the pattern is different. Once you...

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First thing first : This is a probability as the patterns are not yet completed ... On a weekly timefram we can see a H&S formation in process which is also the same in daily Timeframe. nothing much to say about that as long as we dont see one more bearish bar closing below. Coming to confluence in lower timeframes.. 1hr Timeframe. Crucial Pattern to look for...

TeamTaurus

Structural Analysis : We know that there will be minor patterns within the major pattern, In the above chart we can see there is this minor pattern which is a bearish gartley in formation. Though this pattern is not yet confirmed, we can anticipater the probabilities, only if the price crosses the level 17500, the target will be 18030 and this...

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Wyckoff Accumulation Schematics 2 in process Let me be clear that Bitcoin is traded in 3 major exchanges and other minor exchanges over 100.. So volumes might be a little different in this pattern though they are close to the schematic rules Do not take or enter a trade untill the pattern is broken like shown in the Chart If the Accumulation pattern fails...

TeamTaurus

Confluence doesnt mean some indicators and price action .. confluence conditions can be seen everywhere from structure to entry The above structure shows you confluence with 2 major concepts in trading world HARMONICS and ELLIOT, shows you the possible areas where you could see confluence of both The 3rd wave could some times be BAT pattern or DEEP CRAB...

TeamTaurus

Divergence In Monthly RSI .. Reversal Pattern on CandleStick Jan and Feb will decide if we are bullish for next year .. Previous alltime high is broken But never had a retest Though some times its not a mandate to have a retest taking the geopolitical issues and escallation of war in Ukrain i do have a feeling there might be something big in future Coming...

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Lets see what are the possibilities for comning days in nifty Bullish View as we can see Inverted H&S in weekly and daily TF, As projected in the Chart above and below. Lets not forget that we have All time high near by and anything might happen at this point, So we will consider bullish only once the high is broken and retested and sustained....

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Given this targets and ranges on monday in our telgram channel l.. Reasons asking one to train his eye rather going behind logic initially is that once you run behind logic you will be thinking too much and overthinking leads to losses in market .. keep an eye on the structure and chart patterns and once you gain confidence over a pattern logic follows and...

TeamTaurus

Basics of Trading and the areas of interest of every trader to have minimum knowledge to understand the market and its movement. Volume Based Entries Basics of Volume When the price is trending volume will be above volume moving average that will be considered as trend, when volume is too high in a session thats higher than 3x to volume moving...

TeamTaurus

Everything is explained on chart .. the start of the possible harmonic happens at the end of the C leg to find that you need to identify and keep an eye on the B leg Train your eyes to identify the Structure. Latter comes the logic and understanding.

TeamTaurus Updated 

Any pattern is not perfectly formed.. So we take confluence in them .. as i can see there is this bullish cypher pattern in formation Which is not that perfect yet with in my error percentage. along with Open intrest As confluence and support resistance levels .. This is my View and my trade not a suggestion Weekly Time frame Bearish signals

TeamTaurus

Be it RSI, MACD or any oscillator this is how you need to identify the Pattern with its strength What you see above is Bullish Divergence ... With this understand how a bearish divergence will be. Train Your eyes... then train you mind..

TeamTaurus

This is just a possibility Nifty Is being pushed up seriously to the highs, One who can understand option chain can see that for the past 2 days not even a single call option is being written, makes everyone believe market is heading UP .. Added few Screenshots for understanding Weekly Time frame SGX Nifty Banknifty

TeamTaurus

Banknifty levels For whole week given in chart As Long as price sustains below 33900 we are bearish and in a range market .. If at all price breaks above 33900 and sustains for 1hr One can consider we have a breakout .... it is not going to be a easy ride more like a choppy or a slow momentum uptrend if at all we see a breakout

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Nifty Accumulation Phase Identified on June 21 0008hrs After accumulation in nifty price broke out and sustained above the accumulation range. and gave a retest twice .. Second confirmation : A Symetrical triangle breakout and sustained above it all day on friday Now we have a confirmation that price is about to go bullish for the time being .. So whats the...

TeamTaurus

Combining Pitchfork and harmonics gives better results . Look at the rejection of pitchfork at the higher parallel line.. if we see a bearish move tomorrow and 17k is breached then we can clearly see stronger move down side .. and the target is given on the chart .. thats where the D leg started for the Gartley pattern and the target for that swing can also be...

TeamTaurus

Railway track pattern Don't know how many are known to this pattern but in my trading years i have noticed that Morning star/Evening star and railway track patterns are the most seen candle stick patterns at reversals i personally trade this pattern in all the markets. Some even call this as order block. It...