Inside Bar
Nifty Inside Bar On Weekly ChartOn weekly time frame Nifty formed a insidebar candlestick pattern.
What is an Inside Bar candle?
It is a combination of two candles
1st candle is a mother candle and which is big in size
2nd candle is a small candle and this candle form within previous candle.
Is it bullish or bearish?
Breaking below the low of mother candle will accelerate momentum in the same direction
Breaking opposite direction of the candle indicate trend reversal.
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TECHM INSIDE-CANDLE SETUPif IT sector remain negative on monday we can track some good trade in techm shorting opportunity as per insidebar setup short below 1300 towards 1180 to 1150 for the first atrget then trail your profit if it breks 1300 level's. so keep an eye on techm for monday in IT sector.
NSE:TECHM
PLD - breaking higher?Breakup looks imminent after a 3 month consolidation.
A strong bullish bar that broke up slightly on 6 April followed by 2 inside bars (potentially bullish) retesting the neckline.
If trade goes our way (ie trend higher) leading to earnings, I would likely take most of the profits off before earnings.
Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important!
SHIBUSDT inside day breakout long!The GME inside day trade a few days ago was just amazing!
hope everybody did well on that trade!
Also in the "Meme sector" , SHIB recently also has some nice bounce!
Here we got this inside day that hasn't broken to either side yet.
I would love to trade the breakout only to join the recent momentum.
Let's see how it goes yo!
Inside candle breakdown Inside candle is a continuation chart pattern.
It is a best setup of all time ⌚.
I am shorted us 30 fut with proper sl
Breakout in $SYY?Certainly appears so, according to my crayon drawing... but in this market? I did not take the trade, not quite enough volume for me when my omnipresent device chirped for my attention... (Which means it has a greater likelihood of being a big winner because stocks I buy only go down and so on).
Anyways. I don't like that declining volume on the Weekly.
Today, 2/24, the Daily, volume was 28% above average which is encouraging. Also, it was an Inside Day today.
Sysco should be considered a COVID recovery play IMO. EPS re-accelerating. Revenues returning and possibly surpassing pre-pandemic levels.
RED FLAG WARNING- I haven't read the call, but I'm guessing they are fairly susceptible to inflation and margin pressure.
Maybe it's building a handle? Is that reserved only for cups?
Onto the Focus list it goes.
XTZ Target Price 4.4599Price closed above 4.0809 support level and exposed 4.4599 resistance level as a target for take profit.
GBPJPY: Inside Bar Breakout 4-2-2022GBPJPY – SPOT
GBPJPY: Inside Bar Breakout 4-2-2022
Price Action: Price exploded higher from the Inside Bar Breakout Pattern that had formed, earlier this week (We suggested buying the breakout above that pattern in the February 2nd LTTTM Newsletter).
The recent Bearish Fakey Setup, failed (We did not consider trading this setup and hopefully saved some of you on this market).
Potential Trade Idea: We are still considering buying if price pulls back to the current Inside Bar Breakout area.