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PRice Action TA Hints Rules

The document provides tips for analyzing price action and selecting stocks for intraday trading. It discusses checking daily charts for support and resistance zones, candlestick patterns, and volume. It also mentions following Fibonacci ratios, trendlines at different timeframes, and Elliott Wave analysis.

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kselvakumaran9917
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271 views2 pages

PRice Action TA Hints Rules

The document provides tips for analyzing price action and selecting stocks for intraday trading. It discusses checking daily charts for support and resistance zones, candlestick patterns, and volume. It also mentions following Fibonacci ratios, trendlines at different timeframes, and Elliott Wave analysis.

Uploaded by

kselvakumaran9917
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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Price action Tricks

1 While selecting a stock for intraday -check the previous day daily chart Classify them into following

a) Is the candle formation near daily/weekly /Monthly support zone


b) Has the candle wick taken any new support that formed dynamic / intermediately
c) is the candle wick long or short
d) Candle wick to Body ratio,
e) Has the candle broke and closed above previous day high
f) Any specific candle formation - Inside bar /Tweezer bottom /Pinbar
g) Hows the volume for previous day -Day candle

2 Bearish confirmation
a) Candle formation near daily/weekly/monthly resistance zone
b) Has the candle got rejected near resistance zone formed dynamic / intermediately
c) Candle wick long or short
d) Candle wick to Body ratio,
e) Has the candle broke and closed below previous day Low
F) Any specific candle formation - Inside bar /Tweezer yop /Bearish Pinbar
g) Hows the volume for previous day -Day candle

2 Fibonaci ratios must be Followed religiously


3 Trendline-weekly /Daily / Hourly /5Mins
4 Wolfe wave - Higher TF
m into following

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