In Technical Analysis, a candlestick pattern is a movement in prices shown graphically on a candlestick chart that some believe can predict a particular market movement.
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History: Some of the earliest technical trading analysis was used to track prices of rice in the 18th century. Much of the credit for candlestick charting goes to Munehisa Homma (1724โ1803), a rice merchant from Sakata, Japan who traded in the Ojima Rice market in Osaka #stocks
Sep 25, 2022 โข 6 tweets โข 5 min read
Elliott / ABC Wave Theory
Elliott Wave Theory, or ABC wave theory, is a term for three-wave counter trend price movement.
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Here, wave A is the first price wave that is against the trend of the entire market. B wave is a corrective wave for wave A. Wave C shows the final price move to complete the counter trend price move.
Sep 12, 2022 โข 8 tweets โข 6 min read
Intraday trading tips and tricks
As the name suggests, Intraday Trading is the process of buying and selling stocks on the same day. Basically, you buy stocks on daily basis, you look for a reasonable price to sell it and then earn your profit.
Daily analysis and research is necessary for Intraday Trading. The movement of the marketโs momentum must be reflected in the strategy used by a trader.
Most Essential Stock Chart Patterns
With @Stocktwit_IN
THREAD ๐งต 1. Ascending triangle 2. Descending triangle 3. Symmetrical triangle 4. Pennant 5. Flag 6. Wedge 7. Double bottom 8. Double top 9. Head and shoulders 10. Rounding top or bottom 11. Cup and handle
Cup and handle:
The cup and handle is a well-known continuation stock chart pattern that signals a bullish market trend. The cup appears similar to a rounding bottom chart pattern, and the handle is similar to a wedge pattern
Aug 14, 2022 โข 7 tweets โข 3 min read
Do you have what it takes to be a successful trader?
Study after study say that it is discipline that differentiates a successful trader from a not so successful one. Consistent result is the outcome of a disciplined trader. How do you get this right? Here are valuable tips๐๐
Firstly, what is Discipline?
Itโs important that we first understand what discipline is. The definition is โ the practice of obeying rules or a code of behavior