Chetan_alpha

Chetan_alpha

KEY TAKEAWAYS A triple top is formed by three peaks moving into the same area, with pullbacks in between. A triple top is considered complete, indicating a further price slide, once the price moves below pattern support. A trader exits longs or enters shorts when the triple top completes. If trading the pattern, a stop loss can be placed above resistance...

Chetan_alpha

Here is a simple price action strategy anyone can trade on almost any time frame. The key element involves price breaking a major high or low with a very impulsive move. The impulsive move suggests commitment from the institutions pushing price and the fact its occurring at a significant high/low adds weight to the move and price action around it.

Chetan_alpha

A channel is the area between two parallel trendlines – upper trendline (resistance line), and, the lower trend line (support line). What is a trendline? It’s a line drawn over pivot highs or under pivot lows to show the prevailing direction of price. Upper trendline (resistance line) is drawn by connecting price highs, and, the lower trendline (support line)...

Chetan_alpha

.When drawing trend lines it is best if you can connect at least two tops or bottoms together. The more tops or bottoms that connect, the stronger the trend line. So how can you use trend lines to your advantage? When the price approaches your trend line, only two things can happen. 1) The price could either bounce off the trend line and continue the trend. 2) The...

Chetan_alpha

A range-bound market is one in which price bounces in between a specific high price and a low price. The high price acts as a major resistance level in which price can’t seem to break through. Likewise, the low price acts as a major support level in which price can’t seem to break as well.

Chetan_alpha

.

Chetan_alpha

.9050

Chetan_alpha

Slanting up reversal Wedge in an Uptrend - Bearish

Chetan_alpha Updated 

.

Chetan_alpha Updated 

..

Chetan_alpha

,

Chetan_alpha

.

Chetan_alpha

..

Chetan_alpha

..

Chetan_alpha

.

Chetan_alpha

..

Chetan_alpha

RECTANGLE FORMATION

Chetan_alpha

IN CONSOLIDATION