Just broke resistance on the Daily and the weekly and have this 3 bar play setup on the MN looking for a long term trade over the coming months
Yes, this is an indicator on a testing phase, so yeah a Bullish Bat Pattern has setup, having the bullish engulfing candle and a long shadow cand that seems to lose the momentum I'm in on this counter-trend trade setup. If you can spot it, a bearish shark pattern may form for a trend trading opportunity(short). If you love to receive the levels, check out the link at (3)
A sideway bounce set up for a perfect shorting opportunity. This will not just be a trend trading trade for me but also a trend-following trade. Trade has engaged and if you really want to get into our community, check out the link(3) on my signature below. Don't miss this great trading idea.
Reason for entry is Cypher at psychological number with 3 bar reversal.
waiting for confirmation entry point, although rsi is showing over sold, 9 day MA crossed above 27 day MA will be interesting to see what happens tomorrow
The Fed''s decision to "pause" rate hikes justified the current levels for silver. That may have marked a short term top (SELL THE NEWS) as price touched the top of the lower sloping channel. The monthly chart shows that the recent monthly test of the closing low failed. While prices rallied despite closing lower in November (testing the August closing low), I...
Asian Paint is following nifty in terms of RSI, a bearish divergence has been seen. Current PE ratio of Asian Paints is high as per industry PE ratio. Also 3 bar reversal pattern can be seen in monthly chart, indicating a long term downfall in Asian paints.
Double top formed with a 3 bar reversal pattern on the 30 min
Step #1: Set the ZigZag indicator settings at 20 for the Depth and 5% Deviation Firstly, we want to make sure the ZigZag tool will only show the more significant swing high and swing low points in the market. For this, we have to use at least 20 periods for the Depth and 5% deviation to accurately display the market swings. Step #2: Plot the Fibonacci Extension...