Decoding Markets for Monday🧐

Where are we likely to open ?
Where are we likely to close ?

Lets Decode 😎

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@sahneydeepak @kuttrapali26 @KommawarSwapnil @price_trader_
#StockMarkets #Nifty

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Lets get Started 🧐 2. Before Decode on Charts, lets decode the adx strenght levels of ADX and DMI's.

@kaushaldarshan_ @Himanshu2606 @Puretechnicals9
#ADX

TYPES OF CHARTS !!
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There are almost 10+ types of charts that are available for doing Technical Analysis.

Let's decode 6 popular type of chart that is widely used by traders.

@sahneydeepak @kuttrapali26 @Technicalchart1

A basic thread on Charts 🧵:

🧵 If you open Tradingview charts or any other broker charts, then you would see following chart type options:

1. Line
2. Candles
3. Bar
4. Area
5. High Low
6. Heiken Ashi
7. Renko
8. Point & Figure

Let's start with top 5 basic charting.

@KommawarSwapnil @price_trader_

1. ADX PARADOX DECODED !!

Bank Nifty in ADX Paradox Zone

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@sahneydeepak @kuttrapali26 @KommawarSwapnil @price_trader_
#stocks #Niftybank #adx #Nifty

ADX Paradox Explanation:
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👇👇👇 2. What is ADX Paradox ??

ADX traders measure volatility on the basis of where ADX on that timeframe is.

However, ADX on diffrent charts are diffrent

ADX on Japanese candlessticks charts is diffrent from ADX on Heikenashi charts.

@Rishikesh_ADX @Amit_Gulecha @Himanshu2606

ART OF TIMEFRAME SELECTION

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1. TIMEFRAME SELECTION IS AN INTEGRAL PART OF TRADING

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@sahneydeepak @kuttrapali26 @KommawarSwapnil @price_trader_ @Technicalchart1 @Puretechnicals9 @kaushaldarshan_ @AnandableAnand 2. Most Traders Confuse Retracement with Reversals due to wrong timeframes.

One of the indicators used to determine Volatility is ADX !!

@Abhishekkar_