Jitendra Kirar ๐Ÿ”…
Jitendra Kirar ๐Ÿ”…

@jitendrakirar21

17 Tweets 16 reads Aug 29, 2024
Don't waste your hard earned money๐Ÿ’ธ on Technical analysis course.
I will teach you how to find Good Stocks using Technical analysis:
Please bookmark this thread ๐Ÿงต๐Ÿ‘‡
๐Œ๐€๐‘๐Š๐„๐“ ๐’๐“๐‘๐”๐‚๐“๐”๐‘๐„ :- What to do in different market conditions, whether to buy, sell, or stay out of the markets.
Market structure help us how the market really moves (with the help of the concepts from the four stages).
๐Ÿ‘‰An ๐š๐œ๐œ๐ฎ๐ฆ๐ฎ๐ฅ๐š๐ญ๐ข๐จ๐ง ๐จ๐ซ ๐จ๐ฏ๐ž๐ซ๐ฌ๐จ๐ฅ๐ stage occurs after a decline in price, and it looks like a range market within a downtrend.
๐Ÿ‘‰The ๐š๐๐ฏ๐š๐ง๐œ๐ข๐ง๐  ๐จ๐ซ ๐ฎ๐ฉ๐ญ๐ซ๐ž๐ง๐ stage occurs when the price breaks out of resistance or from the accumulation stage.
๐Ÿ‘‰A ๐๐ข๐ฌ๐ญ๐ซ๐ข๐›๐ฎ๐ญ๐ข๐จ๐ง ๐จ๐ซ ๐จ๐ฏ๐ž๐ซ๐›๐จ๐ฎ๐ ๐ก๐ญ stage occurs after an uptrend in price, and it looks like a range market within an uptrend.
๐Ÿ‘‰ The ๐๐ž๐œ๐ฅ๐ข๐ง๐ข๐ง๐  ๐จ๐ซ ๐๐จ๐ฐ๐ง๐ญ๐ซ๐ž๐ง๐ occurs when the price breaks down of support or from the distribution stage.
๐’๐”๐๐๐Ž๐‘๐“ & ๐‘๐„๐’๐ˆ๐’๐“๐€๐๐‚๐„ :- Support and resistance as areas of value on our charts to help us buy low and sell high.
support and resistance, how they work, and how to tell when theyโ€™ll break. In essence, support and resistance tell us where to buy and sell.
๐Ÿ‘‰๐’๐”๐๐๐Ž๐‘๐“ :- It's a horizontal area on your chart where potential buying pressure could come in and push the price higher.
๐Ÿ‘‰๐‘๐„๐’๐ˆ๐’๐“๐€๐๐‚๐„ :-It's a horizontal area on your charts where selling pressure could come in and push the price lower.
๐Ÿ‘‰The more times support or resistance is tested within a short period of time, the greater the likelihood it will break.
๐Ÿ‘‰Support tends to break in a downtrend or when there are lower highs into support.
๐Ÿ‘‰Resistance tends to break in an uptrend
SUPPORT AND RESISTANCE ARE DEVELOPED :-
๐Ÿ‘‰In any time frame is the prior barโ€™s
๐Ÿ”นhigh=resistance
๐Ÿ”นlow=support
๐Ÿ‘‰swing high and swing low
๐Ÿ‘‰Consolidation area
๐Ÿ‘‰Rejection from an area
๐Ÿ‘‰Gap (invisible tail), EMOTIONAL POINT
๐Ÿ‘‰Fibo retracement level
๐Ÿ‘‰Trend line and MA
๐‚๐€๐๐ƒ๐‹๐„๐’๐“๐ˆ๐‚๐Š๐’ ๐๐€๐“๐“๐„๐‘๐ :-
๐Ÿ”นCandlestick patterns are useful as entry triggers to help you time your entry.
๐Ÿ”นCandlestick patterns tell us when to enter in sell or buy.
๐Ÿ”นCandlestick patterns give us an idea of whoโ€™s currently in control of the markets.
๐Ÿ”นThere are three types of candlestick patterns: reversal, indecision, and continuation.
๐Ÿ”นThere are many types of candlestick patterns, which can be classified as single, double or triple candle stick patterns.
๐Ÿ”นPlease see some common candlestick patterns attached in the image.
๐‚๐‡๐€๐‘๐“ ๐๐€๐“๐“๐„๐‘๐: -
A chart pattern is a set price action that is repeated again and again. The idea behind chart pattern analysis is that by knowing what happened after a pattern in the past, you can take an educated guess as to what might happen when it appears again.
There are three types of chart patterns:
๐Ÿ”ธReversal chart pattern.
๐Ÿ”ธContinuation chart pattern.
๐Ÿ”ธBilateral chart pattern.
๐‘๐ข๐ฌ๐ค ๐Œ๐š๐ง๐š๐ ๐ž๐ฆ๐ž๐ง๐ญ :-
๐Ÿ”ธYou can have the best trading strategy in the world, but without proper risk management, you will eventually blow up your trading account.
๐Ÿ”ธIf you want to ride a trend, you need to trail your stop loss as the price moves in your favor.
HOW TO SET A PROPER STOP LOSS :-
๐Ÿ”ธWhen you set your stop loss, you want to have a โ€œbarrierโ€ working in your favor to prevent the price from moving against you.
๐Ÿ”ธFirst, identify the area of value like support and resistance, swing highs and lows, trendlines, MA etc.
๐Ÿ”ธThen add a โ€œbufferโ€ to it so you donโ€™t get stopped out just because the price spiked through the lows of support or high of the resistance.
๐’๐”๐Œ๐Œ๐€๐‘๐˜ :-
๐Ÿ”นMarket structure whether to buy, sell, or stay out of the markets.
๐Ÿ”นsupport and resistance tell you where to buy and sell.
๐Ÿ”นcandlestick patterns tell you when to enter.
๐Ÿ”นRisk management how to keep stop loss.
That's a wrap! ๐Ÿ™
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