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
More from Aneesh Philomina Antony
1.
Start fibo retracement from swing high, not the other way around. Simply 0 point should b where retracement started
2.
The base should b chosen as major swing low. Can't just pick a random point
Start fibo retracement from swing high, not the other way around. Simply 0 point should b where retracement started
2.
The base should b chosen as major swing low. Can't just pick a random point
Similar views (shared Yesterday) Aneesh Bhai\U0001f447https://t.co/UxJZFdWJxh
— Bharat Sahni (@NiveshakBharat) September 29, 2021
Parameters
1.Price structure - higher swing highs & swing lows
2. Momentum - doubled in last 250 days & trade close to recent highs
3. Demand - Higher volume on green bars
4. Volatility - Bigger bars on upside & shorter on downside
5. Relative strength - Outperforming market
1.Price structure - higher swing highs & swing lows
2. Momentum - doubled in last 250 days & trade close to recent highs
3. Demand - Higher volume on green bars
4. Volatility - Bigger bars on upside & shorter on downside
5. Relative strength - Outperforming market
Hello Aneesh, (1) apart from the volume supported HH-HL formation in ATH or 52 weeks high stocks, what other data point u see to shortlist scrip? (2) How do u estimate the holding period for the scrip? Plz guide
— Rohit Khanna\U0001f1ee\U0001f1f3 (@Rohit_MktWale) March 26, 2022