๐๐๐๐ฅ๐ก๐๐ก๐ ๐ฆ๐๐ฅ๐๐๐ฆ: ๐๐๐ก๐๐๐๐ฆ๐ง๐๐๐ ๐ฃ๐๐ง๐ง๐๐ฅ๐ก๐ฆ (๐ฃ๐๐ฅ๐ง-๐ฉ๐)
[๐ง๐ฅ๐๐๐ ๐ฅ๐๐ฃ๐๐๐ฌ]
DATE: 3rd, 6th January 2025
TRADE LOGIC: Trend Reversal with "๐ฏ ๐ช๐ต๐ถ๐๐ฒ ๐ฆ๐ผ๐น๐ฑ๐ถ๐ฒ๐ฟ๐" & "๐ฏ ๐๐น๐ฎ๐ฐ๐ธ ๐๐ฟ๐ผ๐๐" confirmation along with EMA.
Timeframe: 15 mins
Indicators used:
1. Exponential Moving Average [EMA9]
2. Volume Indicator with MA line
3. William Fractals [Periods:4]
> ๐ฏ ๐ช๐๐๐ง๐ ๐ฆ๐ข๐๐๐๐๐ฅ๐ฆ ๐ฃ๐๐ง๐ง๐๐ฅ๐ก ๐ข๐ฉ๐๐ฅ๐ฉ๐๐๐ช:
โข The โThree White Soldiersโ is a bullish candlestick pattern that appears on a chart, and traders use it to identify potential trend reversals or the continuation of an existing uptrend. Three long-bodied candlesticks with little to no shadow at the top or bottom close successively higher than the preceding candlesticks to form the pattern.
โข Points to remember with this pattern: Downtrend, Three consecutive bullish candles, Small or no upper wicks, Volume.
> ๐ฏ ๐๐๐๐๐ ๐๐ฅ๐ข๐ช๐ฆ ๐ฃ๐๐ง๐ง๐๐ฅ๐ก ๐ข๐ฉ๐๐ฅ๐ฉ๐๐๐ช:
โข The three black crows have a bearish candlestick pattern that indicates an uptrend reversal. The three black crows pattern occurs when bears outnumber bulls in three consecutive trading sessions.
โข The Three Black Crows candlestick pattern has a counterpart known as the Three White Soldiers, the characteristics of which aid in identifying a bullish reversal or market upswing.
โข Points to remember with this pattern: Uptrend, Three consecutive bearish candles, Small or no lower wicks, Volume.
๐ง๐ฅ๐๐๐ ๐ฆ๐จ๐ ๐ ๐๐ฅ๐ฌ:
> For the bullish trades ๐, waited for price to close above the EMA and give a retest confirmation. The trade taken on the next candle if the retest candle sustain above EMA
> Similarly, for the bearish trades ๐ waited for price to close below EMA and give a retest confirmation.
***Note: The price > EMA (bullish) and price < EMA (bearish). A retest confirmation is always better for a good trade***
๐ง๐ฅ๐๐๐ ๐ฅ๐๐ฆ๐จ๐๐ง๐ฆ:
1. United Phosphorus Limited (UPL) (517.5 to 533) [2.98%]
2. Multi Commodity Exchange of India (MCX) (6071 to 5800) [4.45%]
**Experienced Traders already know these things, shared as a learning for new traders**
**๐๐ญ๐ญ๐๐๐ก๐ข๐ง๐ ๐ ๐ฌ๐ฆ๐๐ฅ๐ฅ ๐๐๐
๐จ๐ ๐จ๐ญ๐ก๐๐ซ ๐๐๐ง๐๐ฅ๐๐ฌ๐ญ๐ข๐๐ค๐ฌ ๐๐๐ญ๐ญ๐๐ซ๐ง ๐ข๐ง ๐๐จ๐ฆ๐ฆ๐๐ง๐ญ ๐ฌ๐๐๐ญ๐ข๐จ๐ง ๐๐จ๐ซ ๐๐๐๐๐ซ๐๐ง๐๐**
{๐๐ฌ ๐ฎ๐ง๐๐๐ฅ๐ ๐ญ๐จ ๐๐ญ๐ญ๐๐๐ก ๐ญ๐ก๐ ๐ข๐ฆ๐๐ ๐๐ฌ ๐๐ง๐ ๐๐๐
๐๐ญ ๐จ๐ง๐๐}
๐ก๐ข๐ง๐: This is only for Educational Purpose and no further Trading recommendations on this stock. Indicators are just a confirmation for your direction but the actual movement depends on various factors.
Please manage your Risk Reward Ratio to grow your wealth.
๐ฆ๐๐ฎ๐ ๐ง๐๐ป๐ฒ๐ฑ ๐ณ๐ผ๐ฟ ๐ก๐ฒ๐ ๐๐ฒ๐ฎ๐ฟ๐ป๐ถ๐ป๐ด ๐ฆ๐ฒ๐ฟ๐ถ๐ฒ๐ (๐๐๐๐ฅ๐ง ๐ฃ๐๐ง๐ง๐๐ฅ๐ก๐ฆ)
#๐๐๐ง๐ฃ๐๐ฃ๐_๐ฃ๐๐๐๐จ_๐๐๐๐ง๐ฃ๐๐ฃ๐
#๐๐ค๐ก๐ก๐ค๐ฌ ๐๐ค๐ง ๐ข๐ค๐ง๐
โฎ
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