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Trend Line Simplified📒

🔵A trendline is a straight line that connects two or more pivot points(high/low) to know the direction of a trend
🔵It acts as a line of support or resistance in particular trend
🔵It can be drawn on a chart of any time

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Trend Line Simplified📒

🔵 There are 3 types if trend
Bullish, Bearish & Sideways
🔵A trendline should be drawn by connecting minimum 2 lows or highs to know the supports & resistance in the prevailing trend
🔵Trend changes If any stock breaks the trend line decisively

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Trend Line Simplified📒

🔵When we draw upper & lower trend line it forms a channel
🔵A channel helps in identifying supports & resistances of the future in a prevailing trend
🔵There are 3 types channels
Ascendiing - Bullish
Descending - Bearish
Rectangle - Sideways

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Trend Line Simplified 📒

Application of TL
🔵For short term use daily, hourly charts to draw the trendline & know the trend direction
🔵For medium term use weekly charts to draw a trend line
🔵For long term use monthly charts to draw a trend line

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Stock Market Scientist™
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Reversal Patterns Simplified📒

Bearish Reversal Patterns🐻
🔵 Some common bearish reversal patterns are
1. Bearish Engulfing
2. Evening Star
3. Three Black Crows
4. Dark Cloud Cover
5. Bearish Harami
🔵All patterns should be confirmed with next days close & other indicators

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Reversal Patterns Simplified📒

Bearish Engulfing🐻
🔵 Ir consists of a small  (green) candle followed by a large down ( red) candle that engulf the smaller candle
🔵 It generally appears near end of uptrend or in pullbacks of larger downtrend

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Reversal Patterns Simplified📒

Evening Star Pattern🐻
🔵It is a bearish candlestick pattern with 3 candles a large green candlestick, a small-bodied candle & a red candle
🔵It occurs near an end of uptrend
🔵It confirms when 3rd candle close is lower than 1st candle high

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Stock Market Scientist™
@MarketScientist
Reversal Patterns Simplified📒

#Candlestick
🔵There are two types of reversal patterns in candlestick
1.Bullish 🐂
2.Bearish 🐻
🔵Bullish reversal pattern mostly occurs in downtrend or during intermediate corrections of uptrend,
Vice Versa for Bearish reversal pattern

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Reversal Patterns Simplified📒

Bullish 🐂
🔵Some common bullish reversal patterns identifed by traders on charts are
1.Bullish Engulfing
2.Three White Soldiers
3.Morning Star
4.Piercing Line
5.Inverted Hammer
🔵All patterns to be confirmed with price move & other indicators

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Reversal Patterns Simplified📒

Bullish Engulfing
🔵Its a reversal pattern in which second candle (Green) completely engulfs the real body of the first(Red) candle
🔵On the second day price opens lower than the previous day low & close above previous day high

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 #Candlestick
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Stock Market Scientist™
@MarketScientist
Fibonacci Simplified📒

🔵Its a concept developed by mathematician Leonardo Fibonacci in 13th Century
🔵Fibonacci sequence is a series of numbers from 1 to infinity as each number is a sum of previous 2 numbers. For example
(1,1,2,3,5,8,13,21,34,55,89,144)

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 #StockMarket
Fibonacci Simplified📒

Golden Ratio (0.618% or 1.618%)
🔵Its a mathematical ratio that is derived from FB nos.
🔵In a sequence, any given number is approximately 1.618 times the preceding number, ignoring the first few nos.

Plz search more about this ratio to know more

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Fibonacci Simplified📒

🔵In financial markets fibonacci sequence numbers can be used in two ways which are Fibonacci retracement & Fibonacci extensions
🔵FR & FE helps the traders to identify support & resistance levels of a particular trend in the market

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 #StockMarket
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