Jump to content
Manish

Reversal or ABCD pattern

Recommended Posts

How to differentiate if a strong stock is going for a minor pullback or a reversal.

Eg: Stock opens and it makes 3-4 green candles in 5 min chart after that it makes a red candle now over here is it going to go down or continue to move further strong. What all parameters can be used to conclude that it will continue to move strong or will reverse. Of-course market is random and it can go in any direction however what parameters can be used to increase my odds of win.

Share this post


Link to post
Share on other sites

I check the following:

1) 15 minute chart engulfing
2) on 1 minute and 5 minute i start seeing more bullish volume candles
3) 1 minute - 9-20 ema cross 
4) double bottom or higher lows (bottoms)

 

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.