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#1
Hi all.I am starting this thread to illustrate in a very simple manner how a beginner trader might have identified the early trend reversal and traded with the trend to make profits. As many beginners feel that bearmarket is difficult to trade i will show the patters from january 2008.I will simply show the chart patterns which have shown reversal of trend.The beginner is expected to have a basic knowledge about double tops and bottoms and head and shoulders mainly to understand my thread.
 
#2
This the chart of nifty from january 2008.I have circled the reversal of the trend.Now the big question is "how one might have been cautious of the reversal of the trend"
 

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#3
If i tune the daily chart in to hourly chart i see double top formed in the one hour charts which is the sign of trend reversal.I have circled the pattern.
 

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#5
The nifty goes to the low of 4400.You can see the next one day reversal day circled.It is a long legged doji which itself is a sign indecision.Apart from that you can find a head and shoulders bottom pattern when that day is tuned into 5 mints charts.
 

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