General Trading Chat

amandeep86

Well-Known Member
ST da,

For Swing Trading via 30 TF charts ,Do u consider Minor Pivots for Entries or only major Swing pivots
 

XRAY27

Well-Known Member
seniors and fellow members please,
the marked triangle which formed in an uptrend (a continuation pattern),
Is it a pennant?:confused:
Pennant represents a rest after a steep surge or sharp decline. The contracting trendlines reflect a narrowing range as the pennant unfolds

Triangles form as the range contracts but period for formation is more...

so above case is a pennant
 

vivektrader

In persuit of financial independence.
Pennant represents a rest after a steep surge or sharp decline. The contracting trendlines reflect a narrowing range as the pennant unfolds

Triangles form as the range contracts but period for formation is more...

so above case is a pennant
Xray ji, does that also mean that a triangle will have more than 1 minor pivots?
thanks
 
Bulls got some relief in last half due to short covering. Else it was a one way slide down. Both sides made money.
 

vivektrader

In persuit of financial independence.
ST da,

For Swing Trading via 30 TF charts ,Do u consider Minor Pivots for Entries or only major Swing pivots
As far as my understanding goes, 30min, hourly or 4hourly chart, minor pivots are used for entry, trail, exits etc.
Distinction is not made of nature of pivots.
 

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