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Advance Price Action Trading Program: Trend of The Stock in 1day & 1week Timeframe

The document discusses an advance price action trading program that analyzes trends in stocks over 1 day and 1 week timeframes to identify bullish or bearish patterns in 4hr, 1hr, 30min, and 15min timeframes. These include chart patterns like rising/falling channels, wedges, and triangles as well as candlestick patterns like engulfings, pins, hammers, morning/evening stars, and haramis. It describes using previous support as resistance and vice versa to identify high probability zones for retests or breakouts/breakdowns, then outlines methods for selecting targets based on chart patterns and previous support/resistance levels.

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Soumyaranjan Behera
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198 views

Advance Price Action Trading Program: Trend of The Stock in 1day & 1week Timeframe

The document discusses an advance price action trading program that analyzes trends in stocks over 1 day and 1 week timeframes to identify bullish or bearish patterns in 4hr, 1hr, 30min, and 15min timeframes. These include chart patterns like rising/falling channels, wedges, and triangles as well as candlestick patterns like engulfings, pins, hammers, morning/evening stars, and haramis. It describes using previous support as resistance and vice versa to identify high probability zones for retests or breakouts/breakdowns, then outlines methods for selecting targets based on chart patterns and previous support/resistance levels.

Uploaded by

Soumyaranjan Behera
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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ADVANCE PRICE ACTION

TRADING PROGRAM

TREND OF THE STOCK IN


1DAY & 1WEEK TIMEFRAME

BULLISH BEARISH

Look for Bullish Look for Bearish


Patterns in Patterns in
4Hr/1hr/30min/15min 4Hr/1hr/30min/15min
TF TF

Falling Channel Rising Channel

Falling Wedge Rising Wedge

Inverse H&S Head & Shoulder

Double Bottom Double Top

Ascending Triangle Descending Triangle

Look for Bullish Look for Bearish


Candlestick Patterns Candlestick Patterns

Bullish Engulfing Bearish Engulfing

Pin Bar / Hammer Shooting Star

Morning Star Evening Star

Bullish Harami Bearish Harami

Tweezer Bottom Tweezer Top


ADVANCE PRICE ACTION
TRADING PROGRAM

High Probability Zone

Previous Support should now work as a


Resistance and vice-a-versa.
Big Candle can act as a Zone.
Long wick rejection candles will work as a
zone.
Get Confirmation from Candlestick
Patterns while drawing zone.
50% of the Breakout/Breakdown candle
can act as a retest zone.

Selecting the Target

Targets are determined as per the


Respective Chart Patterns.
Check for similar zones at Target range
and draw horizontal ray as target.
Previous Resistance/Support will act as a
1st Target.
Previous Support should work as a
Resistance and vice-a-versa will act as a
Target.
Big Candle can also work as a target.
Long Wick Rejection Candles will also
select as a target

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