Here we could see that price has formed the support at 38.2% level and also price has given the breakout for pattern trader. But to take fresh short entry we need price to break the 38.20% level.
Here we could see, the gold had been collapsed from the supply zone, Now we need to see ,what price could be done. Whether its forming swing high (HH &HL) or the head & shoulder pattern.
Here we can see for the banknifty price is ranging between support and resistace zone. Waiting for to see new momentum.
If the market gives gap up opening and gap is not filled within 1hr. then there is high probability that market will drop or come back to filled the gap.
Here is how price action works, and how they trigger their order at perfect point.Have a patience wait for your entry.
How price react in supply zone? When supply exceed the demand, stock or share price will drop. Here we can see when price meet supply zone, bears pushed the market downside
This is how price react in demand zone.bulls pushes the market upside as price come back to demand zone.Here initially price was in uptrend but as it trendline breaks price again come back to demand zone.
Tata motors is continuously breaching the technical patterns..just because of low volume even the good breakout result in strong bearish pattern for short term. Here is my trade for tomorrow. Flag pattern on 15 min timeframe for the target 440-441 with stop loss 433. Even this stop loss can act for 4hr time frame as well. 2.5 Risk reward ratio. Always trade...
I am momentum trader. I usually trade pattern and most of the time i got succesful in it. Here is bullish pennant pattern for bank nifty . Trade has given the breakout. I waiting for the pullback at 42150 level for my entry level and stop loss below the bullish candle near about 41990. For the target 42700.. Lets see on monday , if market open gap up then there...
Well, As we all know bitcoin is trading at $19670. Bitcoin has strong support near $19000.and if that level acts as strong support then we could see rise up in bitcoin value. But if that level breaks, Then bitcoin could suffer a worst time.