In the previous episodes, we discussed about various rules on identifying the trend. Now it is time to add one more rule to it. A TRENDLINE CONNECTING TWO VALLEYS OR PEAKS DOES NOT NECESSARILY MEAN THERE IS A TREND We use trendlines to connect last two obvious impulses (valleys and peaks) and detect potential imbalances…
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IMPULSES versus CORRECTIONS Before going deeper into understanding how impulses and corrections help us define a trend, let me remind you of this. Supply and demand imbalances are made of impulses but not all impulses are imbalances. Each timeframe has its own trend, this is why it’s mandatory that we make a multiple timeframe top…
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Exceptions and resets In the last episode, we discussed what is over extension, how to identify over-extension and how we can draw an aggressive trend line and once this trend line is broken, how we need to realign. But there is an exception to this rule. Over-extension and thus an aggressive trend line can be…
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OVER-EXTENSION Having explained what are the different types of trends and trend consolidation is and what criteria need to be fulfilled for each of those scenarios and how a trend changes, we can look at the concept of over-extension. As discussed in the previous episodes, we can draw two types of trendlines. · Downtrend line…
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NEW TREND: Having explained what are the different types of trends and trend consolidation is and what criteria need to be fulfilled for each of those scenarios. Let’s now look what needs to happen so we can clearly say that a new trend has started. Newton’s First Law of Motion states: Every object in a…
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In previous 3 lessons we have seen 3 different types of trends (i.e) “How to identify whether we are in an uptrend or downtrend or bullish consolidation”. Now we are moving to next type of trend, which is bearish consolidation. In this video, we are going to see the rules to define and identify a…
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How to identify whether we are in Consolidation? In previous lessons we have seen different types of trends and “How to identify whether we are in an uptrend and downtrend”. Now we are moving to next type of trend, which is consolidation. CONSOLIDATION There are 2 types of consolidations — Bullish and bearish consolidation. · There are…
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How to define the trend? How to identify whether we are in a downtrend? In previous lessons we have seen different types of trends and “How to identify whether we are in an uptrend (or) whether uptrend has officially started”. In total, we have 4 stages: 1. An uptrend 2. A downtrend 3. A broken…
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How to define an uptrend? In previous episode we have discussed about 4 different types of trends or 4 different stages of market move. They are 1. An uptrend 2. A downtrend 3. A broken uptrend to the downside a.k.a Bullish consolidation 4. A broken downtrend to the upside a.k.a Bearish consolidation In this episode,…
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how to recognize a base for various types of zones?
Price Action Trading is the most famous form of Technical Analysis used by the traders today. It can be used across Trading instruments – Indices like Nifty, BankNifty, stocks and commodities.
In today’s episode, we are going to see how to recognize a base for various types of zones:
1. A single 50% candle
2. Up to 6 – 50% candle’s (not more)
3. A Marubozu candle
4. Engulfing Pattern
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