AniketKabir的NSE:BANKNIFTY的Measured move H&S

This is my trading journal, not a trade recommendation. Idea presented only for educational purposes for me and others who want to benefit from my experience.

Measured move over.

Slope of price is median line.

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註釋

This week will decide, if it was an retest of breakout level or is an upthrust.

註釋

No clue yet. On a second thought..upthrusts are urgent. It is holding the gains....can be a retest of breakout. breakout of doji high can be a go for long.

註釋

if upper parallel of downward pitchfork's breakout happens .. can go to 4th parallel of downward pitchfork and median of upward pitchfork

註釋

upthrusts are brutal

註釋

back in range after upthrust on weekly

註釋

Its a test yet.

註釋

possibility of spending some time in swap area can not be ruled out

註釋

5 days in Swap area

註釋

B/w ceiling and floor

註釋

It is in downtrend on daily level, floor has shifted.

註釋

Trade plan after compression zone

註釋

The guiding lines

註釋

it has become short on weekly scale

註釋

40200 for sure?

註釋

Range doubled today

註釋

Short below bold white line

註釋

Any breakout from green channel is long till hidden parallel

註釋

Third push coming, any breakout above yellow line is long till breakout of CAP

註釋

at reaction level

註釋

Closing at day's high after gap up opening. Next gap up opening possible tomorrow, above magenta line

註釋

market works in mysterious ways, downward resistance lines working as support in reaction legs and reaction lines working perfectly. idea still valid till CAP is broken.

註釋

Engulfing candle on weekly scale

註釋

Updated below mentioned text on 27th Feb in this idea
"Any breakout from green channel is long till hidden parallel"
This is done.

註釋

Any breakout above magenta line is confirmation of acceleration channel (olive), otherwise it is double top.

註釋

Double top it is, short below blue line for target till yellow line

註釋

If green support rectangle is broken downside, next target is yellow rectangle and below.

註釋

Taking support, may reverse from here

註釋

Reaction level on daily

註釋

A closer look

註釋

As of now in oversold zone, looks like action reaction set is over and market should react from white line. if white downward inclined line is broken down, may go till red downward inclined, but for that extreme oversold level from present level need extreme bad new from world market. Otherwise in normal course of time market should react from here.

註釋

Though price movement is oversold zone with respect to price frame 4, but for frame 1 it is just halfway. Drawn downward pitchfork. Breakout from upper parallel is sign for long, but wait for confirmation.

註釋

Pitchfork at a lower time frame; price if gets rejected from hidden parallel, then short targets are green line with stop loss of magenta line.

註釋

Short below cyan thick line for target up to yellow line

註釋

Market reversed from cyan line; it never gave closing below this line, so no shorts initiated. On break of megenta line market gained momentum upside.

註釋

for above comment

註釋

Market constantly exhibits inertia and tends to continue to do what it has just been doing. If it is in a trend, most attempts to reverse it will fail. If it is in a trading range, most attempts to break out into a trend will fail

There are critical points which occur in each swing, just as in the life of a business or individual. At these junctures it seems as though a feather’s weight on either side would determine the immediate trend. Anyone who can spot these points has much to win and little to lose.

註釋

long inside blue channel

註釋

closed long here, fresh long above red channel only. taking short position as of now, with stop loss above red channel.

註釋

long initiated.

註釋

Breakout of channel on 15 min time frame will lead price action in next channel.

註釋

Channel has widened

註釋

cap gone, target coming

交易結束：目標達成

done

註釋

Flag and pole breakout.

註釋

Any closing inside magenta channel is indication of upthrust. May initiate short as per chart

交易進行

short activated

交易結束：達到停損點

註釋

Created shorts

交易進行

註釋

Redrawn the channel

註釋

Long or short?, long only above magenta line (closing in 75 min)

註釋

Shifting stop loss to magenta line for long position.

註釋

sideways for few sessions

註釋

fractal nature of bank nifty

註釋

Can be short till 41742, if fractal has been identified correctly.

註釋

Side ways or short; a risky short opportunity as market is in absorption zone. Any bad news during next session may open the door for 41800-700 zone. it is short below magenta line or below upper parallel of red channel. Any breach of magenta line upwards is long otherwise short below it.

註釋

Fourth session since market gone sideways.

註釋

toota

註釋

Spring

註釋

Measured move H&S

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