Chart Patterns: Intradaymoney.in
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www.intradaymoney.in
Chart Patterns
IntradayMoney.in
www.intradaymoney.in
Trading Ideas/Methods Chart patterns: Flags, Pennants, Wedges, Triangles www.dailyniftytips.in only sure shot tips...!
Most difficult for scalp traders to follow, since it requires buying aggressive at a new high price and (potentially) taking profits at a higher price, or selling at a low price and (potentially) taking profits at a lower price.
Scalp trading methods that use breakouts above resistance as buy signals and breakouts
IntradayMoney.in
below support as sell signals appear to be the most recognizable for the average trader
Additional variations of breakout methods focus on buying or selling only based on price
action breakout above or below the previous pivots areas (swing pivots or floor pivots)
www.intradaymoney.in
Up Trend www.dailyniftytips.in only sure shot Momentum tips...!
Down Trend Day Trading
Gapping Up/Down
Price Action Categories
IntradayMoney.in Consolidation Or Range-Bound
Sideways Price Action
Price Action Movements
www.intradaymoney.in
www.dailyniftytips.in only sure shot tips...! 3. Sideways Topping Action
3-Bar Bearish Reversal 3-Bar Bullish Reversal Bull Trap Bear Trap Bullish Piercing Bullish Engulfing Opening Range – Higher Low
1. Sideways Bottoming Action
IntradayMoney.in Bearish Piercing
Bearish Engulfing
Opening Range – Lower High
1. Sideways Bottoming Action
www.intradaymoney.in
UPTREND/BREAKOUT
www.dailyniftytips.in only sure shot tips...!
HIGHER HIGHS/HIGHER LOWS BULLS IN CONTROL BUYERS VOLUME UP = BULLISH VOLUME DOWN = BEARISH GREED
Consider ½ X position size DOWN TREND//SELLOFF LOWER HIGHS/LOWER LOWS BEARS IN CONTROL SELLERS VOLUME UP = BEARISH
PHASE II
Consider 1 ½ X position size
IntradayMoney.in
VOLUME DOWN = BULLISH FEAR
SUPPORT BUYING POWER
PHASE IV
ACCUMULATION SIDEWAYS PRICE PATTERN VOLUME CONSOLIDATION OVERSOLD
PHASE I
www.intradaymoney.in
Transition Among www.dailyniftytips.in only sure shot Phases tips...!
T2-3
T3-4
Transition from Phase 2 to 3
Down Trend Breakout
Transition from Phase 3 to 4
IntradayMoney.in Consider 1 ½ X Position Size
T1-2
T4-1 Transition from Phase 4 to 1
www.intradaymoney.in
Trading with the trending price action. www.dailyniftytips.in only sure shot tips...! Uptrend Breakouts for BUY signals
2
3 1
IntradayMoney.in
www.intradaymoney.in
4
Price Action
4
www.dailyniftytips.in only sure shot tips...!
4
Ideal trading situation
4 4
Natural pullbacks
IntradayMoney.in
4
in price action
ENTRY
LONG Entry •Up trend •Higher Highs & Higher Lows
Trade # 1
Trade #2
Trade #3
Profit
Lose
Lose
2R
1R
1R
Adding to Positions www.intradaymoney.in Up Trend
B
www.dailyniftytips.in only sure shotAdd tips...!
3 Parallel
2
1
C Flags
A
IntradayMoney.in J
Add
2
Parallel
Down Trend
K
1 3
L
www.intradaymoney.in Initial Stop
www.dailyniftytips.in A only sure shot tips...!
C Parallel
Risk
2 1
3
B
Flags
Basic break down entry signal
IntradayMoney.in Preliminary target
RESISTANCE
www.intradaymoney.in SELL POWER DISTRIBUTION SIDEWAYS PRICE PATTERN VOLUME CONSOLIDATION
OVERBOUGHT
www.dailyniftytips.in only sure shot tips...!
PROFIT TAKING
UPTREND/BREAKOUT
HIGHER HIGHS/HIGHER LOWS
PHASE III
BULLS IN CONTROL BUYERS VOLUME UP = BULLISH VOLUME DOWN = BEARISH GREED
PHASE II
20 MA
IntradayMoney.in Consider ½ X position size
DOWN TREND//SELLOFF
LOWER HIGHS/LOWER LOWS BEARS IN CONTROL SELLERS VOLUME UP = BEARISH VOLUME DOWN = BULLISH FEAR
200 MA
PHASE IV
Consider 1 ½ X position size
www.intradaymoney.in
www.dailyniftytips.in only sure shot tips...!
(1R)
IntradayMoney.in Initial Signal & Setup
www.intradaymoney.in Transition Among www.dailyniftytips.in Phases
only sure shot tips...!
Up Trend breakdown T2-3
Trade # 1
Trade #2
Trade #3
Profit
Lose
Lose
2R
1R
1R
T3-4
Transition from Phase 2 to 3
Consider 1.5X position size
IntradayMoney.in Intraday T1-2 Transition from Phase 1 to 2
T4-1 Transition from Phase 4 to 1
Trading with the trending price action.
www.intradaymoney.in
www.dailyniftytips.in only sure shot tips...!
1
2
3
IntradayMoney.in Downtrend Breakdown for SHORT signals
www.intradaymoney.in
M Patterns Prices trend upward (short term) and usually don’t rise above the first high www.dailyniftytips.in only sure shot tips...!
Evaluate the decline between the two price action lows
Define the confirmation point as the lowest low between the two price action highs
After the second high in price action, look for price action to decline below the confirmation point without retracing above the highs
IntradayMoney.in
Look for volume to be higher on the first high typically compared to the more recent high
Overall volume trend often is downward
Look for volume to increase substantially for the breakdown of the M pattern
Can consider a measurement rule of the height of the price action from the low to the confirmation point and extrapolate as a potential target area
www.intradaymoney.in
W Patterns Prices trend downward (short term) and usually don’t decline below the first low www.dailyniftytips.in only sure shot Evaluate thetips...! rise between the two price action lows
Define the confirmation point as the highest high between the two price action lows
After the second low in price action, look for price action to rise above the confirmation point without retracing below the bottoms
Look for volume to be higher on the first low typically compared to the more recent low
Look for volume to increase substantially for the breakout of the W pattern
High failure rate such that price action does not break above the confirmation point and
IntradayMoney.in
hence continues trending lower
Can consider a measurement rule of the height of the price action from the low to the confirmation point and extrapolate as a potential target area
4
4
www.dailyniftytips.in only sure shot tips...!
www.intradaymoney.in Price Action
4
Ideal trading situation
4 4
Natural pullbacks
IntradayMoney.in
4 ENTRY
LONG Entry •Up trend •Higher Highs & Higher Lows
in price action
www.intradaymoney.in Price Action
www.dailyniftytips.in only sure shot tips...!
Ideal trading situation Higher
IntradayMoney.in Opening Ranges
ENTRY
LONG Entry •Up trend •Higher Highs & Higher Lows
www.intradaymoney.in Stops M-Pattern
Initial Stop
Fibonacci Retracements www.dailyniftytips.in
(1R)
A
only sure shot tips...!
C 2 1
Gap 3
B
Flags
IntradayMoney.in Preliminary target
Unless there is adequate reward remaining in the trade with the gap – skip the trade
www.intradaymoney.in Transition Among Phases
www.dailyniftytips.in only sure shot tips...!
1
2
A
B 3
Flags
1
2
3
1
Parallel
2
C
Flags
1
2
C A
3
IntradayMoney.in 3
B
www.intradaymoney.in OR = Opening Range
Previous Day
Today
www.dailyniftytips.in only sure shot tips...! High
OR High Candlestick Reversal
IntradayMoney.in
Pre-Market Gap
Downtrend
Gap Fill
OR Low
www.intradaymoney.in Price Action
www.dailyniftytips.in only sure shot tips...!
Ideal trading situation OR High
IntradayMoney.in ENTRY OR Low
LONG Entry •Up trend •Higher Highs & Higher Lows
www.intradaymoney.in
2B/3B Reversal & www.dailyniftytips.in crosses back into OR
Intraday
only sure shot tips...!
30 min High
30 min High
IntradayMoney.in 2B/3B Reversal
2B/3B Reversal
www.intradaymoney.in Price Action
www.dailyniftytips.in only sure shot tips...!
Ideal trading situation
IntradayMoney.in ENTRY
LONG Entry •Up trend •Higher Highs & Higher Lows
2B/3B Reversal
www.intradaymoney.in OR = Opening Range
Previous Day
Today OR High
www.dailyniftytips.in only sure shot tips...! High
Candlestick Reversal
IntradayMoney.in
Pre-Market
OR Low
Gap Gap Fill
Uptrend
Chart Patterns
IntradayMoney.in
www.intradaymoney.in
Trading Ideas/Methods Chart patterns: Flags, Pennants, Wedges, Triangles www.dailyniftytips.in only sure shot tips...!
Most difficult for scalp traders to follow, since it requires buying aggressive at a new high price and (potentially) taking profits at a higher price, or selling at a low price and (potentially) taking profits at a lower price.
Scalp trading methods that use breakouts above resistance as buy signals and breakouts
IntradayMoney.in
below support as sell signals appear to be the most recognizable for the average trader
Additional variations of breakout methods focus on buying or selling only based on price
action breakout above or below the previous pivots areas (swing pivots or floor pivots)
www.intradaymoney.in
Up Trend www.dailyniftytips.in only sure shot Momentum tips...!
Down Trend Day Trading
Gapping Up/Down
Price Action Categories
IntradayMoney.in Consolidation Or Range-Bound
Sideways Price Action
Price Action Movements
www.intradaymoney.in
www.dailyniftytips.in only sure shot tips...! 3. Sideways Topping Action
3-Bar Bearish Reversal 3-Bar Bullish Reversal Bull Trap Bear Trap Bullish Piercing Bullish Engulfing Opening Range – Higher Low
1. Sideways Bottoming Action
IntradayMoney.in Bearish Piercing
Bearish Engulfing
Opening Range – Lower High
1. Sideways Bottoming Action
www.intradaymoney.in
UPTREND/BREAKOUT
www.dailyniftytips.in only sure shot tips...!
HIGHER HIGHS/HIGHER LOWS BULLS IN CONTROL BUYERS VOLUME UP = BULLISH VOLUME DOWN = BEARISH GREED
Consider ½ X position size DOWN TREND//SELLOFF LOWER HIGHS/LOWER LOWS BEARS IN CONTROL SELLERS VOLUME UP = BEARISH
PHASE II
Consider 1 ½ X position size
IntradayMoney.in
VOLUME DOWN = BULLISH FEAR
SUPPORT BUYING POWER
PHASE IV
ACCUMULATION SIDEWAYS PRICE PATTERN VOLUME CONSOLIDATION OVERSOLD
PHASE I
www.intradaymoney.in
Transition Among www.dailyniftytips.in only sure shot Phases tips...!
T2-3
T3-4
Transition from Phase 2 to 3
Down Trend Breakout
Transition from Phase 3 to 4
IntradayMoney.in Consider 1 ½ X Position Size
T1-2
T4-1 Transition from Phase 4 to 1
www.intradaymoney.in
Trading with the trending price action. www.dailyniftytips.in only sure shot tips...! Uptrend Breakouts for BUY signals
2
3 1
IntradayMoney.in
www.intradaymoney.in
4
Price Action
4
www.dailyniftytips.in only sure shot tips...!
4
Ideal trading situation
4 4
Natural pullbacks
IntradayMoney.in
4
in price action
ENTRY
LONG Entry •Up trend •Higher Highs & Higher Lows
Trade # 1
Trade #2
Trade #3
Profit
Lose
Lose
2R
1R
1R
Adding to Positions www.intradaymoney.in Up Trend
B
www.dailyniftytips.in only sure shotAdd tips...!
3 Parallel
2
1
C Flags
A
IntradayMoney.in J
Add
2
Parallel
Down Trend
K
1 3
L
www.intradaymoney.in Initial Stop
www.dailyniftytips.in A only sure shot tips...!
C Parallel
Risk
2 1
3
B
Flags
Basic break down entry signal
IntradayMoney.in Preliminary target
RESISTANCE
www.intradaymoney.in SELL POWER DISTRIBUTION SIDEWAYS PRICE PATTERN VOLUME CONSOLIDATION
OVERBOUGHT
www.dailyniftytips.in only sure shot tips...!
PROFIT TAKING
UPTREND/BREAKOUT
HIGHER HIGHS/HIGHER LOWS
PHASE III
BULLS IN CONTROL BUYERS VOLUME UP = BULLISH VOLUME DOWN = BEARISH GREED
PHASE II
20 MA
IntradayMoney.in Consider ½ X position size
DOWN TREND//SELLOFF
LOWER HIGHS/LOWER LOWS BEARS IN CONTROL SELLERS VOLUME UP = BEARISH VOLUME DOWN = BULLISH FEAR
200 MA
PHASE IV
Consider 1 ½ X position size
www.intradaymoney.in
www.dailyniftytips.in only sure shot tips...!
(1R)
IntradayMoney.in Initial Signal & Setup
www.intradaymoney.in Transition Among www.dailyniftytips.in Phases
only sure shot tips...!
Up Trend breakdown T2-3
Trade # 1
Trade #2
Trade #3
Profit
Lose
Lose
2R
1R
1R
T3-4
Transition from Phase 2 to 3
Consider 1.5X position size
IntradayMoney.in Intraday T1-2 Transition from Phase 1 to 2
T4-1 Transition from Phase 4 to 1
Trading with the trending price action.
www.intradaymoney.in
www.dailyniftytips.in only sure shot tips...!
1
2
3
IntradayMoney.in Downtrend Breakdown for SHORT signals
www.intradaymoney.in
M Patterns Prices trend upward (short term) and usually don’t rise above the first high www.dailyniftytips.in only sure shot tips...!
Evaluate the decline between the two price action lows
Define the confirmation point as the lowest low between the two price action highs
After the second high in price action, look for price action to decline below the confirmation point without retracing above the highs
IntradayMoney.in
Look for volume to be higher on the first high typically compared to the more recent high
Overall volume trend often is downward
Look for volume to increase substantially for the breakdown of the M pattern
Can consider a measurement rule of the height of the price action from the low to the confirmation point and extrapolate as a potential target area
www.intradaymoney.in
W Patterns Prices trend downward (short term) and usually don’t decline below the first low www.dailyniftytips.in only sure shot Evaluate thetips...! rise between the two price action lows
Define the confirmation point as the highest high between the two price action lows
After the second low in price action, look for price action to rise above the confirmation point without retracing below the bottoms
Look for volume to be higher on the first low typically compared to the more recent low
Look for volume to increase substantially for the breakout of the W pattern
High failure rate such that price action does not break above the confirmation point and
IntradayMoney.in
hence continues trending lower
Can consider a measurement rule of the height of the price action from the low to the confirmation point and extrapolate as a potential target area
4
4
www.dailyniftytips.in only sure shot tips...!
www.intradaymoney.in Price Action
4
Ideal trading situation
4 4
Natural pullbacks
IntradayMoney.in
4 ENTRY
LONG Entry •Up trend •Higher Highs & Higher Lows
in price action
www.intradaymoney.in Price Action
www.dailyniftytips.in only sure shot tips...!
Ideal trading situation Higher
IntradayMoney.in Opening Ranges
ENTRY
LONG Entry •Up trend •Higher Highs & Higher Lows
www.intradaymoney.in Stops M-Pattern
Initial Stop
Fibonacci Retracements www.dailyniftytips.in
(1R)
A
only sure shot tips...!
C 2 1
Gap 3
B
Flags
IntradayMoney.in Preliminary target
Unless there is adequate reward remaining in the trade with the gap – skip the trade
www.intradaymoney.in Transition Among Phases
www.dailyniftytips.in only sure shot tips...!
1
2
A
B 3
Flags
1
2
3
1
Parallel
2
C
Flags
1
2
C A
3
IntradayMoney.in 3
B
www.intradaymoney.in OR = Opening Range
Previous Day
Today
www.dailyniftytips.in only sure shot tips...! High
OR High Candlestick Reversal
IntradayMoney.in
Pre-Market Gap
Downtrend
Gap Fill
OR Low
www.intradaymoney.in Price Action
www.dailyniftytips.in only sure shot tips...!
Ideal trading situation OR High
IntradayMoney.in ENTRY OR Low
LONG Entry •Up trend •Higher Highs & Higher Lows
www.intradaymoney.in
2B/3B Reversal & www.dailyniftytips.in crosses back into OR
Intraday
only sure shot tips...!
30 min High
30 min High
IntradayMoney.in 2B/3B Reversal
2B/3B Reversal
www.intradaymoney.in Price Action
www.dailyniftytips.in only sure shot tips...!
Ideal trading situation
IntradayMoney.in ENTRY
LONG Entry •Up trend •Higher Highs & Higher Lows
2B/3B Reversal
www.intradaymoney.in OR = Opening Range
Previous Day
Today OR High
www.dailyniftytips.in only sure shot tips...! High
Candlestick Reversal
IntradayMoney.in
Pre-Market
OR Low
Gap Gap Fill
Uptrend
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