Our focus is on value motion buying and selling at key ranges: every day highs, lows, and former day extremes. We study how value reaches these ranges—by stair-stepping or ramping—and its subsequent conduct. Patterns embody M’s, W’s, double tops/bottoms, and pin hammers at vital factors like highs/lows.
Stair-stepping and M
Patterns: These point out potential reversals at every day highs or lows,
with detailed entries and exits usually managed by decrease time frames.
Ramping,
characterised by parabolic value actions, usually results in swift
reversals. Observing tight candle patterns with minimal overlap helps
establish robust tendencies and potential breakouts. We additionally search for
particular patterns like stair-stepping and three pushes, with peak
formations signaling attainable reversals.
Ramping Habits:
Acknowledged by tight, parabolic strikes adopted by speedy reversals.
The
ramp into extremes often indicators vital value shifts.
The next 5 minute charts of the NASDAQ are from final week (September 9-13, 2024). They present Entry and Exit Methods, utilizing Pin Hammers and Engulfments for entries, and managing stops primarily based on value motion, with changes for bigger, extra risky bars.
Monday, September 9 (Day 1 of 3 Day Cycle): Recognized an M sample on the excessive of the day with a pin hammer and engulfment, suggesting a powerful quick entry.
Tuesday, September 10 (Day 2): Regardless of a promising setup, a big entry bar resulted in a stop-out. Emphasis on avoiding massive entry bars and managing danger.
Wednesday, September 11 (Day 3/1): Just like earlier days with M patterns and engulfments, additionally highlighting entry factors and danger administration.
Thursday (Day 2) and Friday (Day 3), September 12–13: Patterns like descending triangles and W formations, with a give attention to understanding value conduct relative to session timings.
Profitable buying and selling depends on recognizing and appearing upon particular value motion patterns, managing entries and exits primarily based on contextual conduct, and adapting methods to market situations.
