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1/11: The High Tight Flag (HTF) pattern, also known as Powerplay, indicates a potential strong upward movement in price after consolidation. It consists of a sharp price surge (pole) followed by a tight consolidation (flag) and breakout. #HighTightFlag #Powerplay 
2/11: Anatomy of HTF:
Flagpole: Unusual surge in price and volume within a short time.
Flag: Consolidation phase with a narrow trading range and lower volume.
Sloping Flag: It may exhibit a slight downward slope.
Duration: Typically lasting weeks to months.
Flagpole: Unusual surge in price and volume within a short time.
Flag: Consolidation phase with a narrow trading range and lower volume.
Sloping Flag: It may exhibit a slight downward slope.
Duration: Typically lasting weeks to months.
3/11: Key Characteristics of HTF:
-Not solely dependent on strong fundamentals.
-Occurs due to special situations or unexplained strength.
-Less influenced by the general market.
-Works with any instrument and time frame.
-High reward-to-risk ratio, daily returns averaging 2-5%.
-Not solely dependent on strong fundamentals.
-Occurs due to special situations or unexplained strength.
-Less influenced by the general market.
-Works with any instrument and time frame.
-High reward-to-risk ratio, daily returns averaging 2-5%.
4/11: HTF Psychology:
- The pattern maintains strength even after gaining 100% or doubling in value.
- Shallow pullback indicates sustained buying pressure and institutional interest.
- Lack of selling interest during the consolidation phase.
- The pattern maintains strength even after gaining 100% or doubling in value.
- Shallow pullback indicates sustained buying pressure and institutional interest.
- Lack of selling interest during the consolidation phase.
5/11: HTF Reliability:
- A rare pattern, but when it forms, the stock generally continues to move higher.
- High probability trade leading to significant profits when criteria are met.
- A rare pattern, but when it forms, the stock generally continues to move higher.
- High probability trade leading to significant profits when criteria are met.
6/11: Qualifier Criteria for HTF:
- Emerges from a dormant sideways period.
- Explosive price move (100%+ in <8 weeks) with significant volume.
- Linear directional moves are preferred.
- Consolidation follows the pole, lasting 5 days to 6 weeks.
- Emerges from a dormant sideways period.
- Explosive price move (100%+ in <8 weeks) with significant volume.
- Linear directional moves are preferred.
- Consolidation follows the pole, lasting 5 days to 6 weeks.
7/11: HTF Setup:
•Move up > 50-100% in price on significant volume.
•Move-up occurs in less than 8 weeks.
•Move-up happens in the 1st or 2nd base of the 2nd stage.
•Sideways consolidation follows the move-up, lasting 5 days to 6 weeks, on low volume.
•Move up > 50-100% in price on significant volume.
•Move-up occurs in less than 8 weeks.
•Move-up happens in the 1st or 2nd base of the 2nd stage.
•Sideways consolidation follows the move-up, lasting 5 days to 6 weeks, on low volume.
8/11: Must-Have Parameters for HTF :
- Correction not exceeding 25%.
- Consolidation exhibits VCP characteristics.
- Consolidation duration: 5 days to 6 weeks.
- Price catches up with 10-day or 20-day MA.
- Volume decreases during consolidation.
- Correction not exceeding 25%.
- Consolidation exhibits VCP characteristics.
- Consolidation duration: 5 days to 6 weeks.
- Price catches up with 10-day or 20-day MA.
- Volume decreases during consolidation.
9/11: Entry:
- Three types: low cheat, cheat, and handle. Use low cheat if no handle is available.
- In the case of tight consolidations (<10-15%), buy on a new high breakout.
- Volume on the breakout is more than 40% above the 50-day volume average.
- Three types: low cheat, cheat, and handle. Use low cheat if no handle is available.
- In the case of tight consolidations (<10-15%), buy on a new high breakout.
- Volume on the breakout is more than 40% above the 50-day volume average.
10/11: Stoploss: Avoid exiting prematurely. Standard stoploss not exceeding 7-8%.
11/11: HTF/Power Play Chartink Scanner:
chartink.com/screener/high-…
#HighTightFlagScanner #PowerplayScanner
chartink.com/screener/high-…
#HighTightFlagScanner #PowerplayScanner
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