The beauty of swing analysis lies in simplification of complex and chaotic price action. Gold is a recent example of this hypothetical claim. Between mid Jan and early Feb, Market structure in gold completed a bullish breakout pattern, especially after the retest at key level 1080.00. The price action is so subtle and chances are […]
Gold had a bullish breakout, will it continue or fail Read More »
The slumping price of USD/INR and an expansive budget will probably prevent Indian central bank Governor Raghuram Rajan from cutting interest rates on Tuesday. Rupee’s 2.3 percent loss this year, risks worsening inflation if Prime Minister Narendra Modi cuts stimulus spending rather than subsidies. The fiscal and inflation risks could feed into and worsen the
How USD/INR might Influence upcoming RBI’s decision Read More »
Richard Wyckoff method of profiting from the stock market using technical analysis and relative price strength has stood the test of over 80 years was taught by Richard DeMille Wyckoff in the beginning in 1931. Wyckoff described many important aspects of the stock market in a book titled Studies in Tape Reading. His observations are
Richard Wyckoff Method of Stock selection Read More »
Market movements can create a bewildering number of patterns and variations of patterns. Simple structures take on different meanings depending on context, and patterns sometimes develop and resolve in unexpected ways. Let us turn our attention to a simple, robust framework that focuses on the fundamental trend trading pattern created by price action. New to
The Fundamental Trend Trading Pattern Read More »
Richard Wyckoff’s market cycle laid the foundation for a simple categorization of technical trades into four categories. There are two trend trades: trend trading and counter trend trading, and two support and resistance trades: level holding and level failing. Though this may seem like a useless classification system, it is not. Every technical trade and
4 Different Trading Style based on Richard Wyckoff Cycle Read More »