In the trading chart such as forex, stocks, F&O, You can easily find Price Action Patterns they are the classiscal way to do tradding, in this article i will tell you some of the best Price Action Patters that you can easly identify and trade using them intraday.
Top Intraday Price Action Pattern
- W Pattern
- M Pattern
- Header and Shoulder or Inverted Header and Shoulder
- Cup and Handle
- Breakout / Breakdown
Note : All the examples are from BANKNIFTY Index.
W Pattern
W Pattern is a reversal pattern, one of the main advantage of this pattern is you can enter in a trade with small stoploss.
M Pattern
W Pattern is also reversal pattern, one of the main advantage of this pattern is you can enter in a trade with small stoploss.
Head and Shoulder
W Pattern is also reversal pattern, one of the main advantage of this pattern is you can enter in a trade with small stoploss.
Cup and Handle
Cup and Handle is also trend continution pattern.
If you use the these price action pattern with proper stoloss and target. There is likely hood getting profit (70%).
How do i trade?
- Identify Market Trend in higher Time Frame.
- Look out for Price Action based on Trend (Example : For Bull Market, look for W, Inverse Head and Shoulder etc pattern.)
- Once my trade steup gives me green signal. I enter in the trade.
Note : This is how i trade, my setup does not guarantee 100% success rate. Trade on your Risk.
