Kotak Mahindra Making Falling Wedge Pattern Kotak Mahindra Making Falling Wedge Pattern
so, Add it in your watchlist for swing Trade
5-0-pattern
BTCUSDT: Bulls are still in controlHello Traders!
Welcome back to another post with analyst Aadil1000x.
This Analysis is the correct version of the previous Analysis. On Jan 22nd I posted the Analysis of BTC which I analyzed out of excitement where I pointed out a set of multiple patterns in a single pattern or is a beauty of the market that tricks the eyes and put us in an illusion.
Those who put a set of patterns in single patterns are making a mistake. Once the pattern is broken towards both sides then its strength is over and the market will look for new patterns. If we look at the final pattern in the zone which is expanding triangle Market breaks it towards the downside but it failed to break towards the upside. Now after a Huge dip market is coming back to break that line and it will be the end of the bulls.
After breaking unbroke line market will form a reversal pattern. We will short after the reversal pattern is complete. There is a chance that the reversal pattern will be big and can extend to 29327 True crash point. TCP will work with pinpoint accuracy as it is newly designed and has huge potential.
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Learn a Triple Top Pattern | Classic Reversal Pattern You Must
🟢What is the Triple Top Pattern?
A triple top chart pattern is a bearish reversal chart pattern that is formed after an uptrend.
This pattern is formed with three peaks above a support level/neckline.
The first peak is formed after a strong uptrend and then retrace back to the neckline.
The formation of this pattern is completed when the prices move back to the neckline after forming the third peak.
When the prices break through the neckline or the support level after forming three peaks then the bearish trend reversal is confirmed.
🟢Trading the Triple Top
There are some rules when trading the Triple Top chart pattern.
✔️Firstly one should identify the market phase whether it is in uptrend or downtrend. As the triple top is formed at the end of an uptrend, the prior trend should be an uptrend.
✔️Traders should spot if three rounding tops are forming.
✔️Traders should only enter the short position when the price breaks out from the support level or the neckline.
🟢Stop Loss
In the case of a Triple Top chart pattern, the stop loss should be placed at the third top of the pattern.
🟢Price Target
The price target should be equal to the distance between the neckline and the tops, also taking into the account the key levels below.
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Rectangle Pattern In EUR/CAD With Tutorial On How To Trade It Rectangle pattern Consists of
Up trendline + strong resistance
in order to know where the price will go next just check where the price will break first
* if the resistance is broken : you can wait for a good retest and enter a buy trade as this will help in having a small stop loss
* if the tendline is broken also wait for a retest to enter sell or you can wait for the final higher low to be broken to confirm the movement to the downside
The instrument has increased volatility. Downside breakdownThe instrument has increased volatility.
The last attempt to update the maximum led to strong sales pressure, I assess this as a weakness of the buyer.
Against this background, a triangle was formed, in which the price has been pressing against its lower limit for a long time, the volumes are falling.
I expect an impulse exit from the trade down with the goal of a pin of 0.357 (5.26%).
Will BTCUSDT go Short? Watch out😱BTCUSDT is currently on the $22k market price. Using Chart pattern, it has shown a double top which could result to a corrective movement back to $21k market price before an impulsive move to $24k market price. Will BTCUSDT do accordingly to my analysis? Probably not.
Best we move with the trend📈📉
NZDJPY - Combo TradeWe could be a bit early for this 5-0 Pattern trading setup. That is because the daily chart has not confirmed; the candlestick pattern confirmation is required.
I pull the trading confirmation of the 1-hourly chart. This is a trading management I've been using and refining for the past 5years.
There are 2 kinds of trading management for the such combo.
ComboTrade - Valid trading setup off the higher timeframe, but we engaged the trade on the smaller timeframe
UpsizeTrade - Valid trading setup on the smaller timeframe and final target stretch to complete the higher timeframe.
Both are high-risk trade management, which means the chances of stop-loss being hit are higher, but the profit factor(reward) is amazing.
Of the two selections, upsize trade has the higher risk.
APOLLO HOSPITALS 15MINTOMORROW STOCK🔰
Apollo hospitals looking good for tomorrow and formed nice pattern and gave breakout expecting upper breakout. trade after that red zone retested
Have a profitable day
Thank you
🔠 The ABCD PatternThe ABCD is a basic harmonic pattern. All other patterns derive from it. The pattern consists of 3 price swings. The lines AB and CD are called “legs”, while the line BC is referred to as a correction or a retracement. AB and CD tend to have approximately the same size. A bullish ABCD pattern follows a downtrend and means that a reversal to the upside is likely. A bearish ABCD pattern is formed after an uptrend and signals a potential bearish reversal at a certain level. The rules for trading bullish and bearish ABCD patterns are the same, you will just need to take into account the direction of the pattern you trade and the movement of the market it predicts.
🔷Classic ABCD
The point C should be at 61.8%-78.6% of AB. The point D, in its turn, should be at the 127.2%-161.8% Fibonacci expansion of BC.
Notice that a 61.8% retracement at the point C tends to result in the 161.8% projection of BC, while a 78.6% retracement at the C point will lead to the 127% projection.
🔷AB = CD
Here CD has exactly the same length as AB. In addition, it takes the market the equal time to travel from A to B as from C to D. As a Result, AB and CD have the same angle. This type of ABCD pattern is seen quite often and is popular among traders.
🔷ABCD Extension
ABCD extension refers to when CD is the 127.2%-161.8% extension of AB. CD can be even 2 times (or more) bigger than AB. There actually are some signs that can hint that CD will be much longer than AB. They are a gap after point C or big candlesticks near point C.
📊Trading with ABCD pattern
The key thing you should remember is that you can enter the trade only after the price reached the point D.
Study the chart looking at the price’s highs and lows. It may be helpful to use ZigZag indicator (Insert – Indicators – Custom – ZigZag) that marks the chart’s swings.
Watch the price as it forms AB and BC. In a bullish ABCD, C must be lower than A and should be the intermediate high after the low at B. Point D must be a new low below B.
When the market arrives at a point, where D may be situated, don’t rush into a trade. Use some techniques to make sure that the price reversed up (or down if it’s a bearish ABCD).
The best scenario is a reversal candlestick pattern. A buy order may be set at or above the high of the candle at point D.
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Large potential head and shoulders 30k soon????If price does reject from this resistance (Hopefully it doesn't) and come back into the macro value area price could hit the golden pocket retracement of that move up which has a lot of confluence such as an old and very respected weekly s/r a naked daily point of control and a daily s/r. If price can bounce from that area with market cipher printing a trigger wave on higher time frames and lower-mid timeframes showing clear divergences on momentum and money flow price could probably make its way up to make a new high creating a huge head and shoulders with a target of 30k which just so happens to be the target for some other analysis I was doing.
While trading make sure you manage risk properly
But most importantly have fun.
NFT/USDT a falling wedge (bullish)Hello dear traders . We are in falling wedge which is bullish pattern ! Buy only after break out ! First Target is $0.000001
EUR/USD Neutral for nowPersonally I'm moving towards the upside, but depends how the days go starting the week.
Day TradeMorning star has developed on my demand, and on the 5M timeframe structure is now shifting to the upside as it breaks previous highs. Simple 1:3 RR, will look to manage the position accordingly.
Crypto great opportunity aheadHello everyone,
This is a great video to better understand the current crypto situation we are in.
Let me know if you would like me to analyse any coin or token in my future videos.
Seb.
$GBPCHF$GBPCHF - A break to either direction!
We had a pull back finally in the market, AUDCHF came down and various other markets such as ES, GBP etc. Now I'm going through minor FX pairs this is a break either direction. We are within channel, added alerts in to either direction of break.
If we were to go above and carry on within channel expect 200 EMA target areas.
If we were to go below and beak down - 1.11600 / 1.11400 areas is a good target area.
Don't forget to trade your own plan!
Trade Journal
BTCUSDT is testing the KEY level!Bitcoin hit 20k as I told you in my previous analysis after a clear breakout and retest of Ascending channel.
Now the price is testing the key level, where this dump began, and where the market printed the previous HL on the daily timeframe.
On the Daily we can spot a clear W pattern, usually, the market wants to retest its neckline. In that case, the neckline is on 0.618 Fibonacci level on the daily timeframe,
About the 4h timeframe, we can see a false breakout above the local HH and on the 4h supply.
What's next?
If the price is going to lose the 4h support on 20k and retest it as new resistance, we could see a retracement until the 0.618 Fibonacci level.
Otherwise, If the market is going to close with a volume above 21600, we could see a new bullish scenario.
Bank Holiday in the USA (Martin Luther King Jr. Day)
$GBPAUD - Where to next?$GBPAUD - Where to next?
Beautiful pattern brewing in GBPAUD a break above would take towards 200 EMA as target areas. However a break below would go towards 1.7400-1.7300 areas
Don't forget to trade your own plan!
Trade Journal
$CAD - Patience $CAD - Interesting...
At this current moment of time we are in a range but - Pattern forming of Flag a break to downside of these ranges to confirm taking CAD towards 1.32/1.31 areas. Good R/R -However, if we break above the TL above 200 EMA would be your target.
Follow your own trade plan.
Trade Journal
$NZD - Interesting area!$NZD - Interesting area!
I always go towards higher time frames, as Higher TF = Shorter TF movement it's really is as simple as that.
As you can see, this is the weekly now we are within the ranges:
Lows: 0.62 /.61 Areas
Highs: 0.65 Areas
For now you execute the range trade playing between those high and lows until a break.
A break to either direction, would take you to either to trendline resistance and 200 EMA areas. A break below low of the ranges, you go towards great Fib area of support 0.60000 areas
Overall, the market is looking over extended even with DXY but picking bottoms isn't wise decision to ever make!
Key Tip: Follow your own trade plan.
Have a great week ahead,
Trade Journal
USDMXN - Another great set up!USDMXN - Another great set up!
Within the channel. A break below takes towards 18.65 areas & a break above matches 200 ema area 19. areas
Trade Journal
$AUD - Interesting... $AUD - Interesting...
AUDUSD in a wedge/bearish flag formation brewing a break to down side could take you towards 200EMA areas.
Have a great day ahead,
Trade Journal
crown pattern on usoilhello guys...
usoil or WTI makes a crown pattern. and the target of this pattern is as height as the main pattern so in this scenario usoil should reach the $66 area.
to the clear crown pattern:
kind of looks opposite of the head and shoulders pattern.
on the hand, the $66 have been important before
clearly, you can see this resistance level before and after the dump:
there are a lot of reasons for usoil to reach the $66 level and maybe the price will start an upward movement from this specific level.
but we should prepare for every situation so if the price engulfs the red level be ready for getting a long position.
always do your research.
If you have any questions, you can write them in the comments below, and I will answer them.
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