Sunday, July 3, 2016

What is Three Inside Down: Bearish Reversal Pattern?

What is Three Inside Down: Bearish Reversal Pattern?

The Bearish Three Inside Down Pattern is another name for the Confirmed Bearish Harami Pattern. Its a bearish reversal pattern. In this pattern, first candle is a long white candle, which closes near its high. Second candle is a small black candle, which gaps away from the first candle and closes inside the body of the first candle, thus creating a harami pattern. Third candle exceeds the lows of the first two candles.

Strategy: Short positions can be created once the low of the third candle is broken successfully. Size of third candle often provides some indication to the strength of the reversal pattern.
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What is Three Black Crows: Bearish Reversal Pattern?

What is Three Black Crows: Bearish Reversal Pattern?

Three Black Crows is a bearish reversal pattern. The pattern is seen after an uptrend. It consists of three large, consecutive declining black candles. Criteria for this formation is that all the three candles should close near the lows and each candle should open within the prior candles' body. However, this has an exception when the first candle of this formation opens in a gap.

Traders should keep patience or wait for counter-trend rally before exiting long positions or entering into short position. Reason behind this is that the stock could have had a long pullback when the third candle forms. Hence, one should wait for a bounce before going short or exiting longs.

This pattern should be confirmed with previous support and resistance.
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What is technical analysis?

What is technical analysis?


Technical analysis is all about studying stock price graphs and a few momentum oscillators derived thereof. It must be understood that technical studies are based entirely on prices and do not include balance sheets, P&L accounts (fundamental analysis), the assumption being that the markets are efficient and all possible price sensitive information is built into the price graph of a security / index.

Therefore, technical analysis supports the efficient market theory as against the "random walk theory" which supports the belief that stocks can be bought / sold on random events like flipping a coin!!! Technical analysis is more dynamic as compared to fundamental analysis based on one simple argument - fundamental analysts depend on corporate events like quarterly results and special announcements like earnings guidance and policy changes in operations to generate a buy / sell recommendation.

If fundamental analysis was the single most reliable indicator of trends, prices would predominantly fluctuate only 4 - 5 times a year - around quarterly results and special announcements like mergers and acquisitions etc!! Why would prices fluctuate almost daily? If the prices fluctuate ever so often, is there a way to forecast them? Yes according to technical analysis!!
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Global Currency Calls, 3rd Session: 4.Jul.2016

 REGISTER FOR FREE CURRENCY TIPS - http://rupeedesk.in/rupeedeskfree-calls 
 ( Paper Trading Practice for Currency Segment USDINR/EURINR/GBPINR/JPYINR ) 

 11.11 Am : Buy USDINR (JUL) SA 67.50 SL 67.39 Target 67.60 / 67.68 / 67.76
11.11 Am : Sell USDINR (JUL) SB 67.34 SL 67.45 Target 67.24 / 67.16 / 67.08
 USDINR (JUL) : INTRADAY TREND : DOWN SL : 67.60 

 11.11 Am : Buy EURINR (JUL) SA 75.16 SL 75.05 Target 75.26 / 75.34 / 75.42
11.11 Am : Sell EURINR (JUL) SB 75.00 SL 75.11 Target 74.90 / 74.82 / 74.74
 EURINR (JUL) : INTRADAY TREND : DOWN SL : 75.20 

 11.11 Am : Buy GBPINR JUL) SA 89.72 SL 89.61 Target 89.82 / 89.90 / 89.98
11.11 Am : Sell GBPINR JUL) SB 89.56 SL 89.67 Target 89.46 / 89.38 / 89.30
 GBPINR JUL) : INTRADAY TREND : DOWN SL : 90.00 

 11.11 Am : Buy JPYINR (JUL) SA 65.72 SL 65.61 Target 65.82 / 65.90 / 65.98
11.11 Am : Sell JPYINR (JUL) SB 65.56 SL 65.67 Target 65.46 / 65.38 / 65.30
 JPYINR (JUL) : INTRADAY TREND : DOWN SL : 65.70 
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Free Jpyinr Tips, 2nd Session: 4.Jul.2016

REGISTER FOR FREE CURRENCY TIPS - http://rupeedesk.in/rupeedeskfree-calls 
 ( Paper Trading Practice for Currency Segment USDINR/EURINR/GBPINR/JPYINR ) 

 10.08 Am : Buy USDINR (JUL) SA 67.53 SL 67.42 Target 67.63 / 67.71 / 67.79
10.08 Am : Sell USDINR (JUL) SB 67.37 SL 67.48 Target 67.27 / 67.19 / 67.11
 USDINR (JUL) : INTRADAY TREND : DOWN SL : 67.70 

 10.08 Am : Buy EURINR (JUL) SA 75.19 SL 75.08 Target 75.29 / 75.37 / 75.45
10.08 Am : Sell EURINR (JUL) SB 75.03 SL 75.14 Target 74.93 / 74.85 / 74.77
 EURINR (JUL) : INTRADAY TREND : DOWN SL : 75.30 

 10.08 Am : Buy GBPINR JUL) SA 89.79 SL 89.68 Target 89.89 / 89.97 / 90.05
10.08 Am : Sell GBPINR JUL) SB 89.63 SL 89.74 Target 89.53 / 89.45 / 89.37
 GBPINR JUL) : INTRADAY TREND : DOWN SL : 90.30 

 10.08 Am : Buy JPYINR (JUL) SA 65.74 SL 65.63 Target 65.84 / 65.92 / 66.00
10.08 Am : Sell JPYINR (JUL) SB 65.58 SL 65.69 Target 65.48 / 65.40 / 65.32
 JPYINR (JUL) : INTRADAY TREND : DOWN SL : 65.80 
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Best Currency Calls, 1st Session: 4.Jul.2016

REGISTER FOR FREE CURRENCY TIPS - http://rupeedesk.in/rupeedeskfree-calls 
 ( Paper Trading Practice for Currency Segment USDINR/EURINR/GBPINR/JPYINR ) 

 9.05 Am : Buy USDINR (JUL) SA 67.53 SL 67.42 Target 67.63 / 67.71 / 67.79
9.05 Am : Sell USDINR (JUL) SB 67.37 SL 67.48 Target 67.27 / 67.19 / 67.11
 USDINR (JUL) : INTRADAY TREND : DOWN SL : 67.70 

 9.05 Am : Buy EURINR (JUL) SA 75.21 SL 75.10 Target 75.31 / 75.39 / 75.47
9.05 Am : Sell EURINR (JUL) SB 75.05 SL 75.16 Target 74.95 / 74.87 / 74.79
 EURINR (JUL) : INTRADAY TREND : DOWN SL : 75.30 

 9.05 Am : Buy GBPINR JUL) SA 89.88 SL 89.77 Target 89.98 / 90.06 / 90.14
9.05 Am : Sell GBPINR JUL) SB 89.72 SL 89.83 Target 89.62 / 89.54 / 89.46
 GBPINR JUL) : INTRADAY TREND : DOWN SL : 90.30 

 9.05 Am : Buy JPYINR (JUL) SA 65.69 SL 65.58 Target 65.79 / 65.87 / 65.95
9.05 Am : Sell JPYINR (JUL) SB 65.53 SL 65.64 Target 65.43 / 65.35 / 65.27
 JPYINR (JUL) : INTRADAY TREND : DOWN SL : 65.80 

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