Best candlesticks pattern for Btst:-

Bullish Tasuki Line Candlestick Pattern

👇👇👇

#StockMarket #Btst #Stocks

It consists of 2 candles.
The first candle is a long bearish red candle and the second candle is a long bullish green candle.

The second candle should open with a gap up and close above the high price of the first candle.

This pattern is mainly formed after a bearish rally or bottom formation.

In this pattern the volume of the second candle should be greater than the volume of the first candle.

It works well for btst and positional.

Can enter BTST before market closing in last 5 minutes.

SL will be below the low of the red candle.

Good time frame:- 15 minutes and 1 day (works best)

Will slowly made thread on all imp candle stick patterns for Btst.

Retweet the first tweet.
Follow us for learning Btst.

1/ There are 3 stages of a bear market.

We just entered stage 2 🧵

2/ Stage 1: The Unwind

The excitement (and greed) from the bull market still exists.

Mini-narratives pop up for weeks at a time. Assets still have floors. Valuations are cut but companies don't make the tough decisions (kill products, layoffs).

Things seem alright.

3/ Stage 1 doesn't *feel* like a bear market.

It feels like prices have pulled back to "realistic" valuations.

Investors continue allocating, builders keep building...

In general, life is good. Only the weak hands sell.

4/ Stage 2: Forced Capitulation

This is where it gets ugly.

Narratives die. Prices fall 90%... then another 90%. Layoffs across the board.

Mainstream media and cynics rise up in Stage 2. They laugh and shout "I told you!"

5/ Luna sent us into Stage 2.

In Stage 2, diamond hands become forced sellers. They sell not because they want to, but because they have to.

Celsius doesn't want to sell – they might have to sell.

There will be more funds, companies, and individuals like Celsius.

I analyzed 25+ years of #Nifty data to better understand bear markets 🐻

Why?

Given the recent market sell-off and bearish stance of market participants, history and data is your best guide to prepare if we're headed for a bear market.

Thread with findings below 🧵👇
1/n

But first, do you know the definition of a bear market?

When any index falls 20% or more from it's all time high, it is termed to be in a #bearmarket 🐻

How do you calculate length of a bear market? The time duration in days from previous all-time high to market bottom.

2/n

🇮🇳 Nifty last 25 years (1997-2022*)

Number of Bear Markets = 8

Average drawdown % = -38.5%

Average bear market duration = 246 days (8 m)

Key takeaway - Bear markets occur every ~3 years and take on average 8 months to bottom

3/n

1997 and 2006 saw the fastest bear markets with Nifty correcting 20-30% in just ~1 month.

Unbelievably, 1997 had 2 bear markets! Just imagine suffering 20% drawdowns twice in a few months!

Mar 2020 Covid crash was the 3rd fastest and 3rd worst bear market.

4/n

Okay, how should we define Bear Market Recovery?

The no of days from market bottom to a new all-time high.

Sadly, bear markets take time to recover.

Almost double the time to recover to a new ATH compared to the time to form a bottom.

Avg recovery duration – 495 days

5/n

Did Brahma Dev marry his daughter?

NO!

Only a fool who has zero knowledge of Sanatan Dharma would ask such an obscene question. Before making such an idiotic question, understand who is Brahma Dev and Maa Saraswati.

Brahma Dev is the creator of the universe. When a desire for a female companion rose in His heart, He split himself into two halves. His another halve came to be known as Devi Saraswati, and she is his Wife, not his daughter. A Daughter is born when a male and female consummate.

Maa Saraswati is the Goddess of Knowledge. To create something, one needs to possess the knowledge of the process. With the help of Maa Saraswati, Pita Brahma Dev created the universe and all the beings. Through his consciousness, He created 7 Manas Putras, the 7 sages.

The same is the case with other Gods of our Trimurtis. Prabhu Shree Hari Narayan's other half is Maa Laxmi, while Maa Parvati is for Prabhu Mahadev. For Indra Dev, it's Indrayani or Shachi Devi. This is what Ardhanareshwar or Ardhanareshwari is all about.

There is no difference between Prabhu Brahma and Maa Saraswati. They both are the same just like Shree Hari and Maa Laxmi, and Mahadev and Maa Parvati. That is the reason we call our spouse or wife our better half.

It's creepy to me how much Elon Musk resembles the false prophet described in the Bible, who will deceive people into worshipping the Antichrist. Maybe you'll think I smoked too much weed again, but please hear me out, it's creepy. A thread.

To start with, the false prophet is not some cartoonishly evil dude people suddenly worship for no clear reason. It's someone who builds a global empire on lies, because Satan is the father of lies. The false prophet will empower the Antichrist, as an inversion of the trinity.

You're explicitly warned that the anti-Christ and the false prophet will deceive many Christians. Who do you guys worship? Bill Gates? Klaus Schwab? No, those dudes may be powerful, but they don't deceive Christians into treating them as deities.

Imagine we're living in an era that revelation gives us some insight into. Who would be a good candidate to be an a false prophet? How about the richest man in the world?

The false prophet will perform false miracles and faith is always compatible with reason. If you're irrational and foolish, governed by people who play on your hopes and dreams, Elon Musk looks like a miracle-worker. But look carefully at his miracles and you'll see they're fake.

HOW TO DO SHORT STRANGLES TO MAKE 1% WEEKLY INCOME CONSISTENTLY?

I've made majority of my money by short strangles and I'll explain one very easy short strangle strategy which you guys can follow.

I'll also explain the adjustments and risk management.

1: What days it should be done?

It has to be done on Monday to thursday.

You can skip Fridays as there's negligible decay and big delta moves.

2: Preferred Instrument:

Banknifty will be the preferred instrument, since it's high risk and high reward.

Moreover it has good premiums.

3: Criteria:

It has to be done when Banknifty is inside a range on the 15 min chart.

As we can see here, it was June 6th Monday and Banknifty was in a perfect range, which makes it ideal for short strangles.

4: Positon sizing:

Although we'll hedge our positions but you strictly don't have to use the margin benefit which you will receive.

Ideal qty which be 6 lots on each side on a 10L rs capital and 3 lots on 5L capital

20 Documentaries to Watch In Your 20s

1)

2)Genius

3)Man on Wire

4) Our Planet

5)A Life On Our Planet

10 must-have Excel skills everyone should know: 📊

Sparklines:

One of my personal favorites.

Sparklines allow you to insert miniature graphs inside an individual cell to easily visualize data.

•Select range
•Insert ⇢ Sparkline
• Choose type

People Graph:

I'm a big fan of visual representations of data.

Using 'People Graph' is an easy way to liven up your spreadsheet, especially when tracking metrics related to, well, humans.

Create an infographic to visualize social media engagement, app users, customers, & more.

Tables:

If you're not using tables in Excel, you should be.

• Clean formatting
• Auto-expand as new data is added
• Total row quick and easy data summaries
• Formulas carry through entire columns
• Create dynamic charts that update automatically & much more.

Here's how:

Slicer:

Now that you're using tables, let's insert one of my favorite filtering tools.

The Slicer

•Click anywhere inside a table
•Go to table ⇢ insert slicer
•Select the fields you want

A dialog box will appear.

Click any slicer button & data is filtered accordingly.

Back-testing of some candlestick patterns 🧵

I hv back-tested patterns shown below on 500 stocks (Nifty 500 stock group as on today) since inception on daily timeframe charts.

Below is some interesting information.

I was doing to design multi-chart setups. But the information in the thread can be useful for people practicing candlestick chart patterns. There are many patterns & we keep coming across more. The data can give you a rough idea about the past performance of patterns.

Patterns are defined based on the popular rules of identifying them. I have also tested bearish patterns for bullish trades and vice versa (Contra approach).

Criteria: Hit ratio & returns of pattern giving 1:1 risk-reward if the entry is at the closing price of the pattern.

Some top bullish patterns have below hit ratio:

Inverted Hammer or Shooting Star – 74.72%
Multi-Harami breakout - 65.23%
Bullish Harami cross – 64.6%
Bullish Kicker – 63.53% (Got better returns)
Bullish separating line – 61.69% (It has got better returns)

Doji breakout hit ratio is decent (63.71%) but occurrences are v high so need more confirmation.

Engulfing and Harami patterns have got better returns when traded at next candle of confirmation.

Banned in Pennsylvania

A biography called StarStruck portrays an actual (non-violent) Police encounter in my teens. From my apartment building’s roof, they thought my telescope was a weapon.

Apparently they don’t want you to see what can happen between Police & people of color.

Adding market structure to your trading could literally turn you into a $10k/month trader

But learning what a real structure break is can take months...

So here's a thread on how to identify a break of structure:👇

A structure break is simply when price breaks a pivot high/low

But there are a few rules that help determine if that break is a real BOS

Because the opposite of a BOS is a stop hunt

Let's first go over what a stop hunt is.

A stop hunt is when price takes out a pivot and immediately reverses.

Here's an example on $NQ

Stop hunts are typically wicks and result in a strong move in the opposite direction

A break of structure is simply the opposite

And can be comprised of 2 different rules:

1. Continuation

After price breaks a pivot, look for continuation in that direction

You'll also want to see price stay above the pivot line

Here's an example on $TSLA

Since 1137 CE, the original body of Vaishnava philosopher and guru Ramanujacharya has been preserved inside Sri Ranganathaswamy Temple in Srirangam, Tiruchinarpalli.

#Thread

Sri Ramajunacharya was a follower of the Sri Vaishnavism school of thought.

To keep the body in good shape, sandalwood paste and saffron are used, with no further chemicals added.

A coat of camphor mixed with saffron, which forms an ochre/orange color on the preserved body, is applied twice a year, and this tradition dates back over 878 years.

His body is placed behind his statue and is exposed to all devotees for darshan.
Fingernails can be seen, indicating that the object is a human body.
Lord Ranganatha personally commanded that his bodily body be put in the southwest corner of the Srirangam temple's fifth circuit.

Many Srivaishnavas are unaware that in Srirangam, their holiest place dubbed "Bhuloka Vaikuntam" (Heaven on Earth), the body of Sri Ramanuja has been preserved in its original state without fanfare or publicity

Thread: 5 Important bullish & bearish chart patterns in technical analysis.

Triangles, Broadenings and Rectangles.

#trading #investing

Many traders analyse and practice western chart patterns. There are many such patterns and enough is talked about them in various books and resources.
Long back, I read a book “Encyclopedia of Chart Patterns” by Thomas N. Bukowski. It’s a brilliant work (Must read).

He backtested many patterns & ranked them based on their performance. Most imp is that he separated the patterns based on their performance in uptrend & downtrend.
I read about those patterns at many other places & in different theories and I realised that most of them are-

-variations of broad category of patterns. I have bifurcated these patterns in various categories.

Triangles, Broadenings & Brackets or Rectangle patterns are most common & effective patterns. Below are 5 bullish & bearish proven, time-tested patterns of these categories.

Bullish Patterns:
Rectangle Breakout:
Horizontal pattern breakout. Price remains between two horizontal lines before upward brkout. Its a decent continuation breakout pattern when appears in uptrend. Reversal pattern when appear in downtrend (Decent Risk-reward). Tend to pullback

Reliance hourly chart is bullish(ascending channel), was an easy entry in the morning today.
#nifty

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Thousands of travelers have flocked to India throughout history. The rich knowledge of India's scholars has drawn seekers of knowledge to this land of mystery and old wisdom for centuries.

#Thread

When Galileo declared that the world was round, he had no idea that the Indian scholar Aaryabhata had already proclaimed this in his work Aryabhatiya, written in 499 CE, thousands of years before him.

Aaryabhata and another scholar, Brahmagupta, went on to properly declare that the earth revolves around the sun and rotates on its own axis. Something mentioned even earlier in the Rig Veda, was written between 314 and 3129 BCE.

For centuries, what the rest of the world termed geography was known in India as bhushastra. 'Bhu' is the Sanskrit word for earth, and shastra is the Sanskrit word for science.

Albiruni, a Persian scholar who arrived to India in 1030 CE, wrote in his magnum opus work Kitab-ul-Hind of his awe at the Indians' great knowledge of geography.

Prince Pipes - a major H&S top in formation on a weekly scale. the breakdown should be with a strong candle closing below 575 for the confirmation

Unexpected #Etymology

Words you wouldn't guess are etymologically linked.

An ongoing, continually updated thread 👇🏻

Medicine and remedy both come from the Latin verb medeor, meaning to heal.

Medicine comes from the Old French medecine, from the Latin medicina meaning medicine.

Remedy comes from the Old French remede, from the Latin

Feminism, fawn and fetus both come from the PIE root *dʰeh₁(y)-, meaning to nurse or

Pine (tree) & Piñata (papier-mâché container) both come from the Latin pinus—meaning pine.

Piñata (Spanish), came from piña meaning pineapple, as the paper-covered box resembles one. Piña comes from the Latin pinea meaning pinecone (derived from

Whiskey and wash both come from the Proto-Indo-Euro root meaning "water; wet."

Whiskey (Irish uisce beatha & Scottish uisge-beatha) literally means "water of life."

Wash cames from the Middle English weschen, meaning "to

Every successful trader has a pre-market routine

Here's a premarket routine coming from a full-time trader:

I usually start my routine at 8:00am EST.

The first thing I do is check $ES and $NQ futures to see how the market moved overnight.

After that, I'll check to see how my open swing positions are if I have any

I'll also check the swing watchlist that I make every weekend

To see if any setups are getting close to my entries

The Sri Yaganti Uma Maheswara Temple is located 14 kilometers from Banaganipalli in the Kurnool district, 55 kilometers from Nandyal, 80 kilometers from Kurnool, and 308 kilometers from Hyderabad, and 359 kilometers from Vijayawada.

#Thread

Yaganti is one of Andhra Pradesh's most well-known Shiva temples. Pallavas, Cholas, Chalukyas, and Vijayanagara emperors all contributed to the construction of the temple in the 5th and 6th centuries.

When the Kali Yuga ends, the Basavanna (stone nandi) of Yaganti will come alive and shout, according to Potuluri Veera Brahmendra Swamy.

People used to do Pradakshinas (rounds) around it in the past, according to legend. As the size of the Nandi has grown, the temple personnel has already removed one pillar.

The Nandi (Bullock, Lord Shiva's) idol in front of the temple, according to believers, is constantly growing in size.