In such a case, H&S can be either a continuation pattern or compound fulcrum.
This is how to differentiate:
• if right shoulder is smaller than left, most likely a continuation H&S
• if right is same or higher than left, and the price is not coming to neckline, most likely CF

$GOLD @ 1816 expected to bounce till 1925-1995 zone next.

FMCG's leadership and out-performance is not a good news for NIFTY itself, for NIFTY usually gets mired into Correctives during such phases.
One instance that stands out is the 2010-2013 period.
The inverse relationship can otherwise be deciphered easily.

#GOLD INR anticipated path on Longer Term Charts

#ElliottWave

Candlesticks are amazing.
One Doji signifies indecision.
Two Dojis are double the amount of indecisiveness.
However, Three Dojis are very very Decisive. #TriStar

BHEL may come of F&O ban for tomorrow’s trade -Open interest as of now at 79% of MWPL

PNB also very close to coming out of ban - OI at 80% of MWPL

Note- OI has to fall below 80% for a stock to come out of ban

#stockmarkets #Nifty #stocks

Momentum always fade before it reverses. No abrupt reversal in it.
U can see in the pic below, it always passess through a choppy zone, before trend reversal to give a clear momentum.

With a huge gap up and no follow through today, price is still not bearish
means no short now

#FreeTip
#PriceAction
This PA concept is not avlb in any textbooks:
In an uptrending market if the candle size decreases
a) but in an upward trajectory, the chances of price falling is high.
b) but in an horizontal / downward trajectory, the chances of continuing trend high

If you look into the #weekly #chart you can see clearly if a #stock is under #accumulation or #distribution.

– If volume is above average and it was an UP week, it's accumulation.

– If volume is above average and it was a DOWN week, it's distribution.

@BlogJulianKomar

A Master thread on @Singh7575 Sir's Long Only Setups with examples on Charts!

This setup is a gift to anyone who trades long ideas and those who want to trade in CASH due to Capital Constraint. Fits best for people who don't do FNO as this picks some amazing scripts.

1⃣ Before heading on to the set-up we want to make sure the entire system credit goes to @Singh7575 . We are just here to share it and make people aware of such simple set-ups that can give money considering risk is

2⃣How to Set it Up?
This setup best fits in @tradingview /@zerodhaonline or any broker that provides charting. We only need 2 Indicators.
Indicator 1- 13EMA
Indicator 2 - 34EMA
Both indicators are compulsory and should be exponential(EMA) instead of Simple moving average.(SMA)

3⃣ How to use this Setup?
Whenever this Setup meets a condition where 13EMA crosses 34EMA from below as depicted in the chart. Whenever the 13EMA crosses 34EMA from below it is a LONG (BUY) SIGNAL.

❗️Timeframe needs to be Daily Only!

4⃣ When to Place Order?
The Condition is to place order above the Day's High when crossover happened. Place buying bid above Previous Day’s high. If on current day the stock
doesn’t cross previous day’s high, place a buying bid the next day above current day’s high. For E.g.