|
Hi all !
Last week I had written an article on “ How to gauge the market breadth using Relative strength “ and in that I had shared my views on why the market may go higher. And as of today Nifty has gone into all time zones decisively. It’s really good to see when such good decisive breakouts happen. So, with the markets in ATH zones, I am going to share with you all a powerful pattern described by STAN WEINSTEIN in his book “Secrets for profiting in bull and bear markets. This is an extraordinary book and every trader or active investor should read this book as many times as possible. Stan Weinstein introduced this technique way back in the 1970’s. But, one will be surprised that these things work even today and will be working in future also. That is the power of price action. Price action is eternal as it reflects the emotions of the buyers and sellers and the emotions will remain the same in generations to come. This pattern is also called a triple threat pattern by STAN and let’s discuss what it is all about and how one can use this for our trading success. Kindly read the entire article when you have enough free time. Many key points of STAN are discussed here. So if possible, read again and again to get more clarity on the topic. Read more...
|
