johntradingwick

johntradingwick

Key Highlights: 1. Bullish market structure - HH, HL 2. Volume expansion 3. Coming out of the accumulation 4. Trendline breakout 5. Forming Inverse Head & Shoulders 6. Successful retest of the neckline 7. Support zone: 227-250 8. Target: 362, 580, 794. Stop Loss: 150 9. Time frame: 15-18 months You are always advised to use an appropriate Risk-Reward...

johntradingwick

Key Highlights: 1. Bullish market structure - HH, HL 2. Volume expansion 3. Forming descending broadening wedge 4. Approaching major resistance zone 99-108 5. Close above 108 will trigger a rally to 150+ 7. Target: 123, 146, 174, 198. Stop Loss: 82 8. Time frame: 9-12 months I have made an illustration on the left-hand side, to explain the descending...

johntradingwick

Key Highlights: 1. Bullish market structure - HH, HL 2. Volume expansion 3. Forming Inverse Head & Shoulders 4. Approaching major resistance zone 1537-1603 5. Close above 1600 will trigger a rally to 1800+ 7. Target: 1846, 2163, 2517. Stop Loss: 2185 8. Time frame: 12-15 months You are always advised to use an appropriate Risk-Reward ratio as per your...

johntradingwick

Key Highlights: 1. Bullish market structure - HH, HL 2. Volume expansion 3. Coming out of the accumulation 4. Approaching major resistance zone 115-122 5. Positions can be added between 100-115 6. Close above 122 will trigger a rally to 160 7. Target: 155, 186, 228. Stop Loss: 85 8. Time frame: 15-18 months You are always advised to use an appropriate...

johntradingwick

Key Highlights: 1. Bullish market structure - HH, HL 2. Volume expansion 3. Forming Ascending triangle 4. May pullback to the 183-186 zone 5. Target: 198, 213, 224 I have made an illustration on the left-hand side, to explain the ascending triangle pattern. You are always advised to use an appropriate Risk-Reward ratio as per your strategy. P.S: This is NOT...

johntradingwick

In the last 2 threads, we have already covered the basics of divergence and learnt everything about bullish divergence. If you have missed those threads, please go through the first 2 threads before reading this one. Now let's start with our topic, Bearish divergence, which I'll cover in 3 parts: 1. What is bearish divergence? 2. Types of bearish divergence 3....

johntradingwick

Updated 

Highlights: 1. Break of trendline 2. Change in Market structure 3. Volume is expanding relative to the previous sessions P.S: This is NOT investment advice. This chart is meant for learning purposes only and is a part of my personal journal. Invest your capital at your own risk.

johntradingwick

Updated 

The price was in an uptrend before going into a correction. Currently, the price is moving in an ascending triangle which may break upwards to continue the uptrend. 200 MA has been continuously acting as a support. Buy above 1840 to be on a safer side Target: 1957 Here is the line chart to provide a better view:

johntradingwick

Key Highlights: 1. Bullish market structure - HH, HL 2. Volume expansion 3. Forming Cup & Handle on Daily 4. Forming Inverse Head & Shoulders on Weekly 5. Approaching major resistance zone 155-160 6. Flipped the 145 zone into support 7. Close above 160 will trigger a rally to 180 8. Target: 170, 179, 188. Stop Loss: 144 I have made an illustration on the...

johntradingwick

The price was forming a symmetrical triangle that broke upwards. But the price is getting rejected from the 1820-1830 zone. The 200 MA is also acting as strong resistance in the 1830 zone. Hence 1830 is a crucial level. If the price manages to sustain above 1830, then we can head towards 1900 and upwards. I have made an illustration on the left-hand side, to...

johntradingwick

In the last thread, we discussed the basics of divergence. In this thread, we are going to learn about the positive divergence a.k.a Bullish divergence. I'll cover it in 3 parts: 1. What is bullish divergence? 2. Types of bullish divergence 3. Subtypes with illustrations So, let's move ahead! What is Bullish divergence? A bullish divergence occurs when prices...

johntradingwick

Hello all, today we are going to learn about divergence. A simple topic, which often confuses the newbies. I'll keep this thread short since this will lay the groundwork for the upcoming threads. Please go through this thread before proceeding to the next threads. Foreward In this thread, I would explain the following as easily and briefly as possible: 1. What...

johntradingwick

The stock was in accumulation for the last one month. It broke out of the range with good volume and formed a higher high. The market structure is now Bullish. The price broke out of 200MA and retested it successfully to turn it into support. A somewhat inverse head and shoulder pattern can also be seen. Targets: 158, 183, 219. You are always advised to use an...

johntradingwick

Foreward In this thread, I would try with the best of my knowledge to explain the following questions as easily and briefly as possible. 1. What is a support level? 2. What is a resistance level? 3. What is their importance? 4. When and where to place Buy/Sell orders? Introduction Support and resistance levels are a critical part of trend analysis because...

johntradingwick

Updated 

The price broke out of the downtrend line with high volume and rallied out of the falling wedge. But it faced resistance at the previous swing high. The market structure is still bearish. For the market structure to become bullish, the price must move up from 200 level and create new HH and HL. The price has been forming a falling wedge pattern, which is a bullish...

johntradingwick

The market structure has been Bullish on a higher time frame. The price has been moving in the ascending triangle for a long time. In addition to this, the cup and handle can also be seen which makes it a high probability setup. The target of Ascending triangle and Cup & Handle are almost overlapping in the 620-630 zone. You are always advised to...

johntradingwick

The price broke out of the downtrend line with high volume and rallied to change the market structure. The RSI moved to 70+ region, and therefore it may cool down a bit before moving up again. This will give a retest of the previous high, 950-960 region. Long positions can be opened on this retest. The target which I am looking at is 1084. You are always advised...

johntradingwick

The price breached the downtrend line with high volume and rallied to change the market structure. At present, the RSI is at ~63. The price may test the 170 for demand before moving up. This narrative is supported by the need for RSI to cool off a bit or else the move will soon become extended. Long positions can be added on the retest of 170 level. The market...