johntradingwick

johntradingwick

Updated 

Key Highlights: 1. Bullish market structure 2. Volume expansion 3. Trendline breakout 4. Rounding bottom pattern 5. Resistance: 360 6. Support zone: 323-332 7. Target: 371, 394, 423 8. Stop loss: 310 You are always advised to use an appropriate Risk-Reward ratio as per your strategy. P.S: This is NOT investment advice. This chart is meant for learning...

johntradingwick

I have noticed this correlation between Nifty and Indiavix. 1. Whenever there is a spike in volatility and volume, that seems to mark the bottom for Nifty. 2. This theory seems to be holding for the last 7-8 months. 3. Currently, we are facing a similar kind of situation. The Vix has spiked and the price is tanking. 4. If the theory holds its value, the bottom...

johntradingwick

If you trade using moving averages, MA, or EMA, you may want to look at the 4hr chart of SGX Nifty. It already broke down the 200EMA. The price may try to recover this level ~15700. If it fails, we are probably going to slide to lower levels. The price is now trading below July month open, which puts the net longs above 15746 in the loss. This means that there...

johntradingwick

Updated 

Just a short update! On the hourly time frame, Nifty has managed to save the levels by closing inside the range. A series of hammers have formed on the bottom of the range, indicating that the selling pressure is being absorbed by buying pressure. P.S: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.

johntradingwick

There is a global sell-off. All the markets are down, be it SPX, FTSE, DAX, etc. SGX Nifty is also tanking heavily. SGX Nifty may reverse or at least show some bounce from this Green box or from the next support level. The RSI is in oversold territory and there is a divergence on 4hr. I think this is a shakeout move before moving back up. Take positions...

johntradingwick

Key Highlights: 1. Change in MS underway 2. Trendline breakout 3. Volume expansion 4. Testing for demand 5. Next impulsive move soon 6. Enter only after reversal 7. Target: 276, 287 8. Stop loss: 241 You are always advised to use an appropriate Risk-Reward ratio as per your strategy. Disclaimer: This is NOT investment advice. This chart is meant for learning...

johntradingwick

Underlying logic: 1. The price gets rejected from a level repeatedly and forms a major resistance. 2. There is an initial test of supply which absorbs some pending orders 3. The price finds a bottom and some sort of accumulation happens. 4. After the accumulation, the price tries to move back up to retest the resistance level. 5. A bull trap is confirmed when...

johntradingwick

Myth: If the price approaches a level repeatedly, and gets rejected from it, this means that the level is very strong. Reality: After each touch, the level becomes weaker and weaker due to the absorption of the residual orders. Underlying logic: 1. Whenever the price keeps approaching a certain level, there are pending buy orders which are waiting to be...

johntradingwick

Myth: If the price approaches a level repeatedly, and gets rejected from it, this means that the level is very strong. Reality: After each touch, the level becomes weaker and weaker due to the absorption of the residual orders. Underlying concept: 1. Whenever the price keeps approaching a certain level, there are pending sell orders that are waiting to be...

johntradingwick

Hi guys, I have finally completed the thread on Fibonacci (Though it took longer than usual). I have tried with the best of my little knowledge to create this thread. This has everything you need to know about Fibonacci retracement and Fibonacci extension. Also, if the thread is free that doesn't mean I have compromised with the quality. All you have to do is just...

johntradingwick

Key Takeaways: 1. This indicates that buyers have lost their strength. The buying momentum is fading out. While demand has been pushing the stock price higher, there was significant selling. 2. The buyers managed to bring the price back to near the open, the initial sell-off is an indication that the price has likely peaked. 3. The massive volume on Doji...

johntradingwick

Updated 

Key Highlights: 1. Possible change in MS underway 2. Volume expansion at BO 3. Falling wedge pattern 4. Trendline breakout 5. Waiting for retest 6. Support zone: 3320-3370 7. Target: 3760, 3847, 4008 You are always advised to use an appropriate Risk-Reward ratio as per your strategy. P .S: This is NOT investment advice. This chart is meant for learning...

johntradingwick

Psychology and Behind the scenes stuff: 1. At the BO, there was a massive bullish candle with a very high volume. This took out the previous resistance level. 2. The retailers saw this opportunity because the price closed above the previous resistance. Hence, they entered Longs. 3. The BO was followed by a Doji and then a Bearish candle. This indicated no...

johntradingwick

Hi everyone, I have tried to provide a holistic view of all the market cycles of Nifty from 2001-2021. This post may or may not make sense, hence just read without any predefined notion. This post took me a few days to get rolling, so please show some appreciation. We will be talking about the following parameters: 1. Corrections after each cycle 2. Price...

johntradingwick

Updated 

Key Highlights: 1. The price has been moving in this parallel channel since 22 April and has been constantly creating Higher Highs & Higher Lows. 2. It has been trying to find the equilibrium between 15450-15900 levels. If you are a swing trader, you must wait for the price to break out or at least touch either side of this range. 3. Until and Unless the price...

johntradingwick

Updated 

Key Highlights: 1. Potential change in MS underway 2. Falling wedge pattern 3. Rejection from trendline atm 4. Approaching the demand zone 5. Ripe for the next impulsive move 6. Accumulate between 370-380 7. Target: 410, 445, 499 8. Stop loss: 364 You are always advised to use an appropriate Risk-Reward ratio as per your strategy. P.S: This is NOT...

johntradingwick

Updated 

Underlying logic: 1. The market already gave 11% in the impulsive move and created a high. Obviously, the momentum was fading out. 2. If you recall my lecture on market structure, you already know that after the creation of a high, we must come down to create a new higher low. The market cannot keep making new highs without creating a higher low. 3. There was...

johntradingwick

Updated 

Nifty seems to be moving in an ascending triangle. The resistance at 15900 has been tested 4 times. There is an unfilled gap between 15738-15764. We can see a drop to this level with some sort of liquidity hunt before moving higher. I see 15635 as an invalidation level. P.S: This is NOT investment advice. This chart is meant for learning purposes only. Invest...