ICICIBANK perfect example for cycle stock
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Every Stock is having bad phase and good phase in their life span.
Good phase will give up time cycle and bad phase will give down time cycle.
When you are trading on that time you forget the stock is up cycle or in down cycle and you trade blindly which results in draw down in your system.
Till you include the time in your analysis with price your system will not get good results.
You can take Lunar cycle as daily chart reference point for in your candles or Sun cycle in weekly time frame or cycle indicator of tradingview.
Please like and follow if you like the explanation.
Good phase will give up time cycle and bad phase will give down time cycle.
When you are trading on that time you forget the stock is up cycle or in down cycle and you trade blindly which results in draw down in your system.
Till you include the time in your analysis with price your system will not get good results.
You can take Lunar cycle as daily chart reference point for in your candles or Sun cycle in weekly time frame or cycle indicator of tradingview.
Please like and follow if you like the explanation.
Nota
Other exampleNota
Nota
Probability of success get increased when you add time in your price analysisNota
My Educational Telegram channel:
t.me/bullsbearsfight
My YouTube channel: youtube.com/channel/UC537A
My Indicator details:
docs.google.com/document/d/17wUSbSJEZR6rTNVdwqLEBaKM-CSYx-61TN0qazvsnAQ/edit?usp=sharing
t.me/bullsbearsfight
My YouTube channel: youtube.com/channel/UC537A
My Indicator details:
docs.google.com/document/d/17wUSbSJEZR6rTNVdwqLEBaKM-CSYx-61TN0qazvsnAQ/edit?usp=sharing
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