Trading on chart patterns is difficult, Until you read this ! ⚡️
Everything about Inverse Head and Shoulder Pattern
Free Technical Analysis course (5/10) 🧵
An inverse head and shoulders is similar to the standard head and shoulders pattern, but inverted. It may be used to predict reversals in downtrends. • Investors typically enter into a long position when the price rises above the resistance of the neckline.
How do we trade the Inverse H&S pattern?
We find out stock that has the pattern but has not given a breakout above the resistance which means it is in the formation of the right shoulder.
Generally, we track the stock just before the breakout so that we don't miss a big move.
Are you are tired of scanning 1000+ stocks every day manually?
STOP 🛑
Here is a list of 9 candlestick scanners that are available absolutely for FREE:
A thread 🧵
1/ Bullish Engulfing:
A bullish engulfing pattern is a candlestick pattern that forms when a red candle is followed the next day by a large green candle, the body of which completely overlaps or engulfs the body of the previous day’s candlestick.
A bearish engulfing pattern is a candlestick pattern that forms when a green candle is followed the next day by a large red candle, the body of which completely overlaps or engulfs the body of the previous day’s candlestick.
But 95% don’t have access to good trading related material !
10 holy grails of Trading 🧵
Pre summary /:: 1. Trading plan 2. Treat it as a business 3. Backup 4. Trading capital 5. Study trend 6. Risk calculation 7. System 8. Stop loss 9. Limits 10. Perspective
TRADING PLAN
A trading plan can be as simple as deciding to buy above these levels and sell below these levels. Usually trading plan also called as homework has to be done one day prior to your trading day.
For FNO it might be a daily task. For cash players it can be weekly.
Trading on chart patterns is difficult, Until you read this ! ⚡️
Everything about Head and Shoulder Pattern
Free Technical Analysis course (4/10) 🧵
A head and shoulders (H&S) pattern is a chart pattern of three peaks, where the outer two are close in height, and the middle is the highest.
It is one of several top patterns that signal an upward trend is nearing its end.
How do we trade the H&S pattern?
We find out stock that has the pattern but has not given a breakdown below the support or neckline which means it is in the formation of the right shoulder.
Generally, we track the stock just before the breakout so that we don't miss a big move.
There are more than 5,000 YouTube channel related to stock market learning.
These are Top 5 underrated YouTube channel that will definitely help you in trading and investment.
1st one is our favorite, and you shouldn't miss subscribing to it.
A Thread 🧵:
1/ KA Charts:
This channel belongs to our mentor @KA_charts who has helped us immensely in the stock market, haven't seen anyone yet who understands and read PRICE ACTION.
He handles a fund size of more than 300CR.
One of the best YouTube channel.
This channel is highly underrated, this channel backtests all the popular strategies of all the top twitter traders for eg 5EMA of Subhashish Sir, Ghanshyam sir 9:20AM option strategy, every top free strategy out there is backtested.