Hello Traders! Have you ever wonder why the market turns back after the clear breakout of the trendline and even after a perfect retest?? Here is your answer. There must be The J shape above that trendline or above that resistance because this J shape mostly forms above the resistance. This J shape pattern occurs again and again and it's easy to find because...
Last Part To This Back test Ending With 4R 9 Wins And 5 Lost's
How to trade consolidations, ranging markets. Most of the time, markets move sideways. lets find out 3 ways to get advantage of these periods.
In this analysis, I'll be providing an in-depth analysis on LendingTree, as well as an explanation on megaphone patterns and its bullish upside. What is LendingTree Inc.? Lendingtree (TREE) is a company that offers a platform for borrowers and multiple lenders, offering the opportunity for its users to find the best possible deal on their loans. Business...
This is how I use pitchforks and I hope it is an inspiration for you too. I like trading channels and the pitchfork is a great way to identify them early on and to confirm these channels. It is not always straightforward to find the right points (1-2-3, see below), but I think the pitchfork is quite powerful and for me a handy tool in addition to other indicators...
Waiting to see a break down below n continue down
This is a modified version of Fractals that I made and how to use it. It's pretty straight-forward. Go long over the green levels and short under the red levels. An option that I didn't discuss in the video is the potential of a wider trailing stop for longer runs. I like to focus on the breakouts of just a few points as they happen very, very often.
The Double Top or Bottom Chart Pattern is a reversal pattern as its name implies, the pattern is made up of two consecutive peaks or troughs that are roughly equal, with a moderate trough or peak in-between. This reversal could signal an end of an uptrend or downtrend. ( Double top with an end to an uptrend in this case). Double Top Chart Pattern A Double...
The three drivers chart pattern is a well known harmonic chart pattern that acts as a trend reversal. The pattern consists of either three higher highs or lower lows which is an indication of a potential trend reversal. There are two different types of three drives pattern: Bullish Bearish Bullish Three Drives Pattern There are three different waves in...
Cup and Handle Chart Pattern The cup and handle chart pattern is a bullish continuation pattern that marks a consolidation period followed by a breakout. It can help to predict future price movements. A cup and handle chart pattern is comprised of three main components: -A prior trend, as to qualify as a continuation pattern it has to have a prior trend -The...
Weekly chart has been made support@45 & RSI trendline breakout is showing that stock can go upside@54 65 85
how to spot uptrend 1) adding a trend line in the chart which works as a support . 2) breaking of downtrend HH : previous high HL : previous low trading uptrend market is simple here HH is acting as a support so take time and add a zone at the higher high and analyze the candle (hammer , pin bar) perfect and at the bounce add some in to portfolio. HL : price...
The head and shoulders chart pattern is a price reversal pattern that helps traders identify when a reversal may be underway after a trend is exhausted. It is of two types: Head & Shoulder and Inverse Head & Shoulder. This reversal could signal an end of an uptrend or downtrend. (Inverse Head & Shoulder with an end to downtrend in this case) Inverse Head &...
Quick video of playing a High of Day breakout and how to avoid a big drawdown.
WAIT FOR VOLUME SUPPORTED BREAKOUT TO TAKE ANY POSSESSION
DEEPAK NITRATE HAVE GIVEN BREAKOUT BUT THE RUN UP WILL RETRACE TO SOME EXTENT BEFORE GOING UP. SO ITS BETTER TO WAIT FOR TAKING POSITION. ... Its only for educational purpose and please consult your advisor before taking position.
Today icicibank will given breakout from w pattern and gone upto@423. You can see same thing in RSI section.strong support is 438-440
Reliance have given breakout from flag pattern and going 1755,1774,1804 in two or three days.