Discover and read the best of Twitter Threads about #15mincharts
Most recents (3)
Dow Jones bulls are still putting a strong fight. Trading in a parallel channel. Can rally another 400-500 points from here!
#DJI #trading #trendlines #15mincharts
#DJI #trading #trendlines #15mincharts
Retest of today's trendline!
Trendline breakdown.. heading to 25400, 25300 levels?
Nifty intraday charts - Why did Nifty fall at 2:00 PM today? Observe the trendline touch and massive fall after that. Why did nifty reverse again in the last 15 mins. Again, observe how the trendline was formed and the reversal happened.
#Nifty #trendlines #trading #5minscharts
#Nifty #trendlines #trading #5minscharts
One can make money just with trendlines, support, and resistances. But, it takes at least a year or two to master trendlines and to take trades based on that. Your eyes should be trained to spot it. And, you need the patience to wait for such trades.
Obviously, this is a hindsight analysis. But, that is how you start to learn. Draw trendlines, Support, and Resistances again and again in thousands of charts and master it. Over a period of time, you will gain confidence.
Nifty - at a crucial junction. Above 12225 we might head higher.. break of trendline which is being formed today in the 1 min chart will lead to retesting/filling today's gap. This is probably heading higher. #Nifty #trendlines #trading #15mincharts
Tip - No trendline is perfect, but you need a trendline that touches at least 3 points to be sure it is right. The 3rd touch and reversal is the confirmation that your trendline is right. Refer to the 1 min chart today - the bars at 11:48 and 11:58 confirms the trendline is right
And again a reversal at 12:28 and 12:29 confirms it again. So the next trade for intraday would be to go
- Short: if the trendline is broken (safe players - short below 12205)
- Long: if 12220-12225 is taken out.
- Short: if the trendline is broken (safe players - short below 12205)
- Long: if 12220-12225 is taken out.
