Guessing chart patterns in Higher timeframes & then moving gradually to lower timeframes for Confirmation & Entry points.
Technical Indicators which I am using here is Moving average.
1. First looking at the weekly and daily timeframe, I confirmed that stock is trading above the Moving average. Also, there is an impulsive buying followed by some correction. This hinted towards a FLAG PATTERN.
2. To confirm the flag pattern and specifically the entry point, which will be candles breaking out the Moving Average line, I analyzed 4H and 1H timeframes.
3. Once I see a candle breakout at the Moving average line in an uptrend during a correction phase, I place my entry for BUYING.
** Setup stop loss and Target as per your own trading style**
Technical Indicators which I am using here is Moving average.
1. First looking at the weekly and daily timeframe, I confirmed that stock is trading above the Moving average. Also, there is an impulsive buying followed by some correction. This hinted towards a FLAG PATTERN.
2. To confirm the flag pattern and specifically the entry point, which will be candles breaking out the Moving Average line, I analyzed 4H and 1H timeframes.
3. Once I see a candle breakout at the Moving average line in an uptrend during a correction phase, I place my entry for BUYING.
** Setup stop loss and Target as per your own trading style**
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.