johntradingwick

johntradingwick

Formation of Inverse Head & Shoulder pattern Breakout on the daily and weekly chart. Breakout above the neckline and downtrend line with high volume. Potential long target of 25-30 points. Use a fixed stop loss. P.S: This is NOT investment advice. This chart is meant for learning purposes only. This is my personal journal. Invest your capital at your own risk.

johntradingwick

Updated 

Everything is marked on the chart-- Swing points, trend lines can be used for trading along with some momentum indicators. Try to look out for a confluence of these parameters, don't trade solely using any one of these parameters. P.S: This is NOT investment advice. This char is meant for learning purposes only. This is my personal journal. Invest your...

johntradingwick

The bulls have been pushing up the price higher and higher since the drop in March. Currently, the price is moving in an ascending wedge, which may break downwards. Hence, expecting a drop towards the bottom of the channel. Also, the previous Swing Highs have not been retested. Hence, there is a possibility of a drop towards the 360-375. RSI is already in the...

johntradingwick

The bulls have managed to pump the price a lot in the last week. Currently, the price is moving out of the channel. Hence, expecting a drop in the channel. Also, the previous Swing Highs have not been retested. Hence, there is a possibility of a drop towards the 8.20 region. RSI is already in the overbought territory. Don't think the buying momentum will...

johntradingwick

SWASTI VINAYAKA SYNTHETICS LTD The bulls have soared the price a lot in the last week. But I think this is just a fake pump since the Volume has been constantly low and is decreasing more. Hence, price actions show a lot of noise. RSI is already in the overbought territory, looking for some drop there. All in all, I am expecting a drop soon. I have...

johntradingwick

I am looking at the marked important levels. The bulls tried to take the price above, but the look wicks indicate some indecision and inability to move the price further. RSI is already in the overbought territory, looking for some drop there. Also, I see the formation of an ascending triangle , if it plays out, will take the price to our target levels. If...

johntradingwick

Everything is marked on the chart-- Swing points, trend lines can be used for trading along with some momentum indicators. Try to lookout for confluence of these parameters, don't trade solely using any one of these parameters. P.S: This is not an investment advice. This is for learning purposes only. This is my personal journal. Invest your capital at...

johntradingwick

Marked swing Points, trend lines and Fibonacci level can be used for trading along with some momentum indicators. Try to lookout for confluence of these parameters, don't trade solely using any one of these parameters. P.S: This is not an investment advice. This is for learning purposes only. This is my personal journal. Invest your capital at your own risk.

johntradingwick

Marked swing Points, trend lines and Fibonacci level can be used for trading along with some momentum indicators. Try to lookout for confluence of these parameters, don't trade solely using any one of these parameters. P.S: This is not an investment advice. This is for learning purposes only. This is my personal journal. Invest your capital at your own risk.

johntradingwick

Marked swing Points, trend lines and Fibonacci level can be used for trading along with some momentum indicators. Try to lookout for confluence of these parameters, don't trade solely using any one of these parameters. P.S: This is not an investment advice. This is for learning purposes only. This is my personal journal. Invest your capital at your own risk.

johntradingwick

Marked swing Points, trend lines and Fibonacci level can be used for trading along with some momentum indicators. Try to lookout for confluence of these parameters, don't trade solely using any one of these parameters. P.S: This is not an investment advice. This is for learning purposes only. This is my personal journal. Invest your capital at your own risk.

johntradingwick

Marked swing Points, trend lines and Fibonacci level can be used for trading along with some momentum indicators. Try to lookout for confluence of these parameters, don't trade solely using any one of these parameters. P.S: This is not an investment advice. This is for learning purposes only. This is my personal journal. Invest your capital at your own risk.

johntradingwick

HIGHLIGHTS: 1. Successfully hit 0.618 Fibonacci level(also the R1 of the pivot). 2. Currently hanging at the 0.382 Fib level. 3. Price closed under MA(26): 7059 - good bearish indication. 4. Hidden Bearish divergence on RSI. 5. Expecting a fall to the central pivot(6829). 6. If the pivot hold, then LONG positions can be opened till the 0.382 fib level or till...

johntradingwick

HIGHLIGHTS: 1. If 630 breaks, expect a move to 610-615. 2. If it manages to push above 650, expecting it to reach 680(0.5 Fib level) and above. 3. EMA(26)- 674 4. EMA(50)- 683 Trade as per the marked swing points, trend line and Fibonacci level. Try to lookout for confluence of these parameters, don't trade solely using any one of these parameters. P.S : ...