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Stay Away part #3 The end of any large time frame type pattern usually results in a congestion as we move in closer and closer to the convergence of trend lines. If you are an option buyer, this could be your Afghanistan, viz the graveyard of option buyers as momentum becomes highly erratic and theta doesnt let you sit at any position. Now would be an ideal time to sit aside take notes and paper trade these type of markets. Rather than Fomo'ing in, get your levels in, do whatever but paper trade and learn. You dont need to lose your capital. wait for the break of the pattern. Bulati hai magar jaane ka Nahi
NSE:NIFTY
by Sarcastic_Sharma
SAND in danger !Hello traders, welcome back. * This is not a financial advice, use the idea with your own strategy and risk management * I published an analysis on Sand few days ago, explaining what has happened and what is probably going to happen, you can read it here : anyways, I explained that we would probably hit ATH once again, as we did so, its time to decide; Currently price is forming a doji candle stick on daily chart and an engulfing bar on 4h chart, for daily we need confirmation of todays close and tomorrow. but as we hit ath we might form a double top which is a bearish pattern. I wouldn't recommend any buy or sell order here, all I wanted to warn is that this thing might go down so save some profit and put your sl on breakeven to prevent from any loss. * This is not a financial advice, use the idea with your own strategy and risk management * I'm writing about most of crypto currencies; Follow me on TRADINGview so you wouldnt miss out any updates. Like if you think this was helpful and let me know on the comment section below.
by Algo_Analyst