Technical Analysis 2
Pullbacks
 Pause is a trend
 Trend usually resumes
 Provides low risk entries
 In a strong trend only 1 legged pullbac...
How does a pullback end
 Bull- if high of this bar is greater than high of
previous bar
 Bear- if low of this bar is low...
Bull or trading range
 Pullback is sideways or down movement
 High 1 ends the first leg
 In a strong trend it may be th...
Enter in a Bull Trend
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Modrika technical analysis

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“MODRIKA” the word derived from Sanskrit word “Mudra”, which means currency. The essence of MODRIKA is derived as “Art of Making Money”.
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Modrika technical analysis

  1. 1. Technical Analysis 2
  2. 2. Pullbacks  Pause is a trend  Trend usually resumes  Provides low risk entries  In a strong trend only 1 legged pullback (inside bar, bear bar)  In weak trend 2 legged pullback, rarely 4 legs
  3. 3. How does a pullback end  Bull- if high of this bar is greater than high of previous bar  Bear- if low of this bar is lower than low of previous bar  Number of times market makes an attempts to resume the trend is the number of pullbacks  First attempt call it High1 then High 2
  4. 4. Bull or trading range  Pullback is sideways or down movement  High 1 ends the first leg  In a strong trend it may be the end of pullback  In a weak trend in may be part of larger pullback  If market continues to go down after high1 then next time h>h[1] is high 2 reversal
  5. 5. Enter in a Bull Trend
  6. 6. Page 6 Your Bright Future and Happiness is one step away Our Social Media Profiles are

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