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

Amazingly super positive correlation between Emerging Markets and Copper.

*MSCI Emerging Markets ETF #EEM
*Copper Futures #Comex

By the power vested in me and for all your love and wishes, here's my return gift to all of you.

#BHARTIARTL - Target 3000+

#ElliottWave

NIFTY / Crude Oil (MCX) at a crucial support level.
A case for either NIFTY to rise or Crude Oil to fall, or both simultaneously.

In candlestick patterns, two aspects are of extreme importance:
• Prior Trend: Be it a continuation/ reversal formation, the establishment of prior trend is the first part - what exactly is the candlestick pattern going to continue or potentially reverse. Is that established?

• Internal proportion of the Candles of the pattern: A Hammer’s Body:Wick ratio or 3rd Candle in a Morning Star’s dig into the first one or Piercing’s % penetration into the precious one. These internal proportions lay the foundation of probability of success of the pattern.

Reading Reference: Candlestick Charting Explained - Gregory Morris.

If you truly love her, let her go .. to 15000 and below.
If she loves you, she will come back at 16000 .. later this year or next.

'Simplicity is the ultimate sophistication' #leonardodavinci

In #technicalanalysis keeping it simple eliminates noise & avoids too much analysis leading to paralysis
#Journalists can use #linecharts to analyse the market & build stories
#MediaFriday
PC @vrvcharts
@CMTAssociation

stoploss & slippages : a thread to understand how to avoid big slippage when you get stopped out #Qunat #AlgoTradeing #Nifty #stoploss (p.s. this is just an effort to educate & example is for illustration only.) hope this helps.

1. NSE maintains two orderbooks one which has all the bid & ask offers till its full depth 2. is stoploss orderbook which is not available for anyone to lookup unlike the 1st one.
you can place two type of stoploss orders one is SL-Market & SL-limit

These SL orders gets recored in SL-Orderbook in 1st come 1st basis for that mentioned trigger price
ex. 1) 9:20 -> SL order trigger at 100 qty 500
2) 9:45 -> SL order with trigger at 100 qty 500
3) 11:30 -> SL order with trigger at 100.5 qty 500

Now when price is dropping and as soon as it starts hitting the trigger prices mentioned in SL-Orderbook .. these orders get released in pubilc bid ask orderbook. in this case for our ex. trigger execution order will be 3,1,2

for this particular day market opened gap-up, for lot of traders this becomes bullish bias .. with this bias market was in very narrow trading zone giving everyone opportunity to enter .. majority of ppl will keep SL below nearest swing low.

𝐂𝐡𝐞𝐦𝐢𝐜𝐚𝐥 𝐏𝐫𝐢𝐜𝐞 𝐓𝐫𝐞𝐧𝐝 𝐔𝐩𝐝𝐚𝐭𝐞