Classical Chart Patterns - Bull MarketsHi there,
i have been sharing the chart patterns which are seen on any type of price charts. (CANDLESTICK CHART) and after research and experience, i see that the price move via various ways or concepts.
as per my experience, i see that the price move via waves & correction, and react to supply and demand levels. please share it and one may need it. and this is seen any type of instruments like stocks, forex, commodities, Futures & options. crypto. etc. in time frame for BULL MARKETS ONLY.
Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves.
we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle.
Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price.
Keep it simple, keep it Unique.
please keep your comments useful & respectful.
Thanks for your support....
Tradelikemee Academy
Indianstocks
TradingWise Supply and Demand IndicatorTradingWise Supply and Demand Indicator is based on the Price Action candlestick patterns to identify the Supply and Demand zones in the charts (Areas of liquidity). It works on all Timeframes and Asset Classes. This Script helps the traders to identify the demand and supply zones with identifications on the candle stick patterns indicating the origin of the Strong move. Also it generates Alerts automatically once the supply or demand area is formed thus by reducing the hours spent on the charts and reducing the missed trade Opportunities as well. This Indicator is extremely helpful for those on Full time Jobs/ Busy Schedule.
Buy/Sell Alerts by Indicator:
Green Diamond + DZ Sign ---> Indicates the Demand Zone Formation. Place Buy Trade upon Entry Criteria Met
Orange Diamond + SZ Sign ---> Indicates the Supply Zone Formation. Place Sell Trade upon Entry Criteria Met
Politechnical Analysis of BSE Sensex from 2004 to 2024Starting 2004 was a New Era of the Indian Political System wherein former RBI Chief and Finance Minister Mr. Manmohan Singh was elected as the Prime Minister of India.
From there the Indian markets saw a quick growth and transformation, Sensex rocketed from 4800 levels to 21,000 level in a matter of 4 yrs.
Then came the Sub Prime crisis in US which rattled the Global Market crashing stocks market by 60-70% globally.
There on the Sensex took its time to re establish growth. The Congress Govt faced huge backlash from the country on their governance, integrity and top party leaders had to face corruption allegations against them. The markets retested the previous highs of 2008 levels of before Sub-Prime Crisis, but could never breakout. The confidence was in the market was subdued for 6 years and the market just couldn't breakout.
March 2014, was the anticipation month of a new government, new hope, and the markets took that confidence to breakout from the 2008 Pre Subprime crisis highs.
April 2014 the election fever was at high, the market were turning volatile and at the same time an indecisiveness could be felt.
Then came the result month May 2014, BJP won and the markets shot itself up. There were a little blips in between due to Global Economic factors in 2016. But the next two years, saw an acceleration. The Midcaps and Small Caps were outperforming like never before. The amazing earnings of companies kept the markets soaring high.
TRADE WAR, COVID 19 and "Aatma Nirbhar"
Jan 2018, Trump had declared a Trade War on China, the trigger for Indian markets to fall was the Feb 2018 budget. From hereon the growth was subdued, Even though in 2 year the Sensex made a high of 42,000, the growth was only 4-5% over the 2 yrs. The markets kept looking quite weak as the earnings started taking a hit in most of the sectors. The valuations were still soaring and now the markets was expecting something new and big from the Modi lead BJP Govt. Even though the Finance Minister brought some corporate tax reform, which enable the markets to touch 42,000 mark. Just as the government was to bring the $5trillion Indian dream to reality, the world is hit by a deadly Coronavirus (COVID-19). This changes everything. Never ever anyone could imagine that life would come to a standstill. It crashed the markets horribly.
The Prime Minister now takes this decision and brings about a new term that will/may change the future of India. The Aatma Nirbhar Bharat (Self Reliant India). Right now what the markets are actually doing is "Retesting the Governance of Modi BJP 2014".
When I say retesting the governance, technically, the Markets may retest the entire rally from March 2014 breakout which also is a 61.8% fibonaaci retracement level from the lows of Sub Prime crisis to the highs of 2020. If the market is confident of the Modi Govts dream project of "Aatma Nirbhar Bharat" (Self Reliant India), We could see a mirror image (backwards) of 2004 to 2014 and an astonishing swing from 21,121 to 93,000 by May 2024. This rally would be called as "Aatma Nirbhar Rally".