ELM is moving in consolidation phase for quite some time. Price is in upward trend on higher time frame. Watch for channel breakout Trade with proper stop loss
Price is moving in parallel channel for a while (accumulation) Bulls need to breakout for Long setup Rising Wedge formation is in picture HH, HL formation continues in higher timeframe Entry after breakout of channel can be taken for a Good Risk Reward Ratio Trail Stop Loss
Price accumulating at top of Traingle Top for few days Watch for breakout Entry with good Risk Reward Ratio can be taken: Now (Aggressive) After Breakout (Conservative) TP levels are identified Enjoy the ride with trailing stop loss
Falling Wedge Pattern Watchout for Breakout Retracement from Golden Pocket considering Rally from Covid-19 and retracement HH, HL formation until top of falling wedge Resistance Bulls need to take control for further ride and breakout Entry at current level (Aggressive) or Watch for Breakout Stop Loss is specified Fib/Horizontal support Levels are specified...
Parallel Channel Breakout Observed Completion of Cup & Handle Target Short term and long term Bullish setup is available Wait for HH, HL formation Entry above watchout level Horizontal support Levels are specified for TPs Ride the trend and Trail your stop loss Manage your risk properly
Falling Wedge Breakout Observed Short term and long term Bullish setup is available HH, HL formation Wait for HL formation for Entry or at current level Stop Loss is specified Same setup for new entry if reach SL Fib/Horizontal support Levels are specified for TPs Ride the trend and Trail your stop loss Manage your risk properly
Falling Wedge Breakout Observed Short term and long term Bullish setup is available HH, HL formation Wait for HL formation for Entry or at current level Stop Loss is specified Fib/Horizontal support Levels are specified for TPs Ride the trend and Trail your stop loss Manage your risk properly
In trading, a bull trap is a situation where a trader (beginner) buys an asset believing its price will continue to rise, only to see it fall sharply soon after. If you inspect the SPX chart by yourself, you'll see: 1- lack of increasing volume 2- absence of momentum 3- lack of definite/sufficient trend break 4- retesting of resistance level (Major downward...
TASI on monthly/weekly time frame shows a huge potential Ranging in Triangle with Breakout in Early 2021, price is about to retest for further upward movement Confluencing with fundamental potentials of Vision 2030. Government focus on Vision 2030 generates a wide range of economic reforms, creating new business opportunities, driving economic growth and...
Falling Wedge Breakout in play Entry at current price (Aggressive) Wait for HL formation/Retest of trendline (Conservative Entry) Dow Bullish trend in continuation Above 50 EMA Strong Horizontal supports (Weekly) are specified; Watchout levels as S/R Fib Levels are specified for TPs Trade with proper stop loss Ride the trend with trailing stop loss Do proper...
Price is at support zone Above 50 EMA Breakout of triangle pattern is observed Stop loss and TPs are specified Trade with stop loss Manage your risk properly
Price reaching top of Triangle (Falling Resistance) after taking support from confluence zone: Horizontal Support Trendline Support (Bottom of Triangle) Formation of HH, HL Wait for breakout (Aggressive Entry) Wait for retest/formatin of HL (Conservative Entry) Trade with stop loss TP levels are specified Ride the trend with trailing stop loss Do Proper Risk...
Price within Falling Wedge Breakout observed crossing top of falling wedge (resistance) Formation of HH, HL Support from 200EMA (1H TF); Imposed on Daily Chart Entry at current level (Aggressive) Watch for breakout of Horizontal support (Conservative Entry) Trade with stop Loss (Risk:Reward Ratio) Fib Levels are specified for TPs
Historical Formations of triangle patterns and target completion Price is ranging within another Triangle formation recently Watch for breakout for entry (Aggressive) Wait for Retest/HL formation (Conservative) Stop loss at trendline support Trail stop loss until specified target levels Manage your trades and risk
Reaching top of Triangle Watch for Breakout/HH (Aggressive Entry) Trade at Retest/HL (Conservative Entry) Trade with stop loss
A short trade can be taken with stop loss Formation of HH, HL Breakout of trendline/Falling Wedge Completion of Harmonic Pattern Trail stop loss
Reaching Top of Triangle Take Long Position above watchout level (Aggressive Entry) Wait for formation of HL after breakout for conservative entry Trade with stop loss Trail stop loss for TPs as Resistance levels
Descending Parallel Channel Breakout and Retest Inverted Cup & Handle formation Support from 50 EMA Crossed Strong Horizontal Support/Resistance Line Series of HH, HL formation Trade with stop loss Ride with trailing stop loss