Price action is bullish @ 535 for the target of 549 with a time frame of 2 to 3 days.
, , FLAG Pattern
, , FLAG Pattern
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Good spot.
Candlestick chart type can make it easy to spot flag pattern.
Is it double top is there at 487..??
This is Flag Pattern Ms.Sasikala.. Trade plan is given.
Pls let me clarify as i m very beginer to this sir…..only one pattern we can go through in a chart?? R we may take many??n any way that is not a double top as volume is very low i think…is it sir??
Thank you for writing to me Ms.Sasikala. Let me also clarify that I am also a learner. With my little knowledge, I write the following: Your question is “only one pattern we should go through in a chart”. My reply is Yes. When we are trying to identify one pattern, we should stick to that and should not get deviated from it. We may come across many other patterns like Double Top/Double Bottom, Price Patterns, Candlestick Patterns, Gap Analysis etc. But first try to identify the pattern which you are intended to and keep others in mind and come back later for other patterns.
As far Double Top and Double Bottom are concerned, they should be identified using Dow Theory and Flag Pattern comes under Price Patterns. So both are different and should not be clubbed. My sincere advise is, refer the Training Handout, given to us at the time of training, and go through EQSIS videos again and again till you get complete grip on the subject. I am doing this but still committing mistakes. So this is not a day’s job. We should practice, practice and practice. Hope this is in line of your inquiry..