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| Discuss Trading With Chart Pattern at the Technical Analysis within the Traderji.com - Discussion forum for Stocks Commodities & Forex; Originally Posted by marcus Soumya SRF dosen't really seem like an inverted head and ... |
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#21
30th July 2006, 01:06 AM
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Re: Trading With Chart Pattern
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as far as price pattern is concerned, i have found two distinct shoulders and a head. since it is a POSSIBLE candidate of this pattern i want to see how does the the volume pattern will span out? Let see the experts view on volume : Experts, including Murphy, maintain that the volume pick-up at the end of the pattern is essential. "If the volume pattern does not show a significant increase during the upside price breakout, the entire pattern should be questioned." Other experts, including Bulkowski, are not so convinced: "a low volume breakout is not an indicator of an impending failure." Quote:
The twin valleys are several weeks apart with most falling in 2 to 7 week range. Wider than 7 weeks and performance deteriorates. StockCharts The time period between troughs can vary from a few weeks to many months, with the norm being 1-3 months. Happy Trading, Soumya Last edited by soumya_b; 30th July 2006 at 08:59 AM. 
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#22
30th July 2006, 11:54 AM
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Re: Trading With Chart Pattern
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Best Regards, Soumya Last edited by soumya_b; 17th January 2008 at 12:29 AM.
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#25
7th December 2006, 09:38 PM
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Re: Trading With Chart Pattern
On the dot...soumya..
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#26
8th December 2006, 12:27 AM
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Re: Trading With Chart Pattern
whats next after a rising wedge, thats more important
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#28
15th February 2007, 10:41 AM
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Re: Trading With Chart Pattern
Hello Friends,
How do we project the target price when the price breaks out in a particular chart pattern. For example, soumya has indicated that the projected target in the Ruchi Soya Chart as 261 which was met eventually.. Can anyone explain how you arrive at the target price Regards, John.
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#29
15th February 2007, 11:00 AM
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Re: Trading With Chart Pattern
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If you go through the tutorials on different patterns in www.stockcharts.com, you can see the targets for each pattern explained under the heading "Target" or "Price Target". Eg.: For H&S; ...... Price Target: After breaking neckline support, the projected price decline is found by measuring the distance from the neckline to the top of the head. This distance is then subtracted from the neckline to reach a price target. Any price target should serve as a rough guide, and other factors should be considered as well. These factors might include previous support levels, Fibonacci retracements, or long-term moving averages. ..... Source: http://stockcharts.com/school/doku.p...nd_shoulders_t Regards, Praveen.
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