Patterns

#1
Friends,

I am starting this thread to discuss about Patterns occuring as when they happen.

By Patterns I mean,

1. Head & Shoulders
2. Ascending & Desceding Triangles
3. Rectangles
4. Flags, etc etc.

To start with I am attaching the chart of SAIL. It is showing a Head & Shoulders pattern (correct me if i am worng, i am learning a bit of TA all these days). Looks, like there is 1 more H&S pattern occuring, looks like SAIL is headed further down.

Please let me have your comments, and correct me if i am wrong.

I will be more happy to learn from the forum.

Satya
 

Attachments

rangarajan

Well-Known Member
#3
Reg Sail,
To me it appears the shoulder is not complete.One thump rule is that one should wait for an inside bar whose range is the lowest in the last 7 days & then a decision has to be taken with vol in mind.
ranga
 
#4
Ranga,

thanks for your comments, the purpose of the thread is to gain more insight into TA using live examples.

Your right the latest H&S is still incomplete.
The way of study will help lot of forum members, including me.

I request Seniors Sh50, Amit, Saint, Karthik, murthy and lot of others to actively contribute.


Satya
Satya
 
#5
Ranga,
....
The way of study will help lot of forum members, including me.

I request Seniors Sh50, Amit, Saint, Karthik, murthy and lot of others to actively contribute.

Satya
Hello Satya,

I happened to view your thread only today. Unfortunately this thread is not active. Don't know the reason.

There is a similar thread started by Ashish - Pattern trading - which is going well. Either you can join in the discussion there or continue your work here.

But my request is to have one common place to discuss. Else replication will happen, difficult to track, etc. IMHO we will discuss in Ashish's thread.
Its only my opinion; If needed i will try to contribute in this thread too, which I think is not necessary.

Regards,
Praveen.
 

rkgoyal_98

Well-Known Member
#6
Re: Patterns - Inverse Head and Shoulder in Agrodutch

Dear Seniors,

I am enclosing chart of Agrodutch. Is this chart showing some sort of inverse Head and shoulder.

Kindly Advise

Thanks
Rajeev
 
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