Brick Reversal
by PRASHANT SHAH -
Having read thus far, you are now in a better position to trade even simple brick reversals. Brick reversals offer trades with affordable stops. With growing proficiency in reading a chart, you will be able to identify which brick reversals are to be traded. A major Renko pattern follow through, established trend on multiple time ... Read more
Multiple Time Frame Analysis
by PRASHANT SHAH -
As we have discussed earlier, Renko is both a best representation of a line chart and an effective, noiseless method of studying price action. We can analyse a Renko chart on multiple time frames as well to get an idea of the trend and price setups across different periods. For example, if I am a ... Read more
5 ka Punch
by PRASHANT SHAH -
Bullish-Bearish 5 A series of five consecutive bricks can be treated as an anchor brick for intraday trading with 0.25% brick value on one-minute time interval charts. Bullish-bearish 5 on a 1-minute time interval 0.25% brick value Renko chart of BEL futures. A series of five bricks at Point A sets the bullish tone, which ... Read more
