Confused between connecting wicks or bodies while drawing a trendline ?
Our main aim to draw trendline is to get maximum points of price on a line .
It can be through wicks tails or body and there is no fixed rule !
RETWEET SHARE🔄 ! 1/n
Trendline as Trailing Stop Loss. 1. Trending stock Tends to pullback near Moving averages and trendlines . 2. This could be areas of fresh buying or you can shift your Stop loss to upside 3. As soon as trendline is broken then you can sell a stock and take reverse position
2/n
Trendline as Trendreversal 1. You can Buy breakouts of trendline in a downtrend
once the trend is changed with emergence of HH HL structure 2. You can initiate long postion with Stop at previous swing low 3. Sometimes you may find retest on trendline also
3/n
Trendline Breakout in uptrend
Buying on breakouts of trendline
Look for Volume Confirmation
4/n
Trendline will act as Support and Resistance
Simple Strategy of Buy Low Sell High works best combined with other buying rules
I made A few Lakhs using this Famous Swing Trading Strategy
A thread
Retweet for PDF
It is characterized by a period of price volatility followed by a contraction phase, leading to a breakout in the stock's price. Here's a breakdown of the VCP pattern:
Breakout Rules :
Buy Stocks on Break , not after breakout
Use Alert Systems or place GTT orders near Breakout area
If you miss the breakout better to stay away from stock as RR goes out of favour
It took me 3 years to understand Volume Price Analysis
I'll explain in next 10 tweets
A thread🧵
RT for max Support
Support Resistance
✅They simply represent the 'extreme' psychological levels of fear and greed in that particular price region and time.
✅Strength of Buyers = Sellers
✅Lower volatility price congestions
7 less known Tradingview Indicators that all traders should know about
A thread🧵
1. @TraderLion_ Enhanced Volume Indicator
Lime Green Bars Suggests day when the stocks closes near the days high and volume greater than past 10 down volume days Suggesting Institutional Accumulation
Has Features Like :Highest/Lowest Volume in a year.
Modified version of Bollinger Bands
When price is written in blue, volatility overall is falling. When the outer bands start to fatten up in blue, a contraction signal is forming. Works with any length of your choosing