How to Calculate the Probability of a setup ?
How to Calculate the Probability of a setup?
If a chart is showing 2 or more patterns favoring a view then we can say it is a high probability setup. More the signals in 1 direction, More the conviction to go long or short on the trade.
Britannia has been in a 100 points range, building momentum for a while.
Stock is ready to give a breakout on the downside.
It has filled all the space that it could in a somewhat descending triangle pattern.
The stock has to travel to the lower channel next.
The Black Trend Line which is aligned with the 200 EMA will act as a support and let the stock breathe for a moment before heading down again.
Once the trade is active our Stop Loss will be the upper channel (Red Line) & the target will be the lower channel (In profit booking phases).
Till then,
Stay Safe & Trade Safely.
If a chart is showing 2 or more patterns favoring a view then we can say it is a high probability setup. More the signals in 1 direction, More the conviction to go long or short on the trade.
Britannia has been in a 100 points range, building momentum for a while.
Stock is ready to give a breakout on the downside.
It has filled all the space that it could in a somewhat descending triangle pattern.
The stock has to travel to the lower channel next.
The Black Trend Line which is aligned with the 200 EMA will act as a support and let the stock breathe for a moment before heading down again.
Once the trade is active our Stop Loss will be the upper channel (Red Line) & the target will be the lower channel (In profit booking phases).
Till then,
Stay Safe & Trade Safely.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.