What is options trading?
Interactive Broker review. As such, you don’t have to worry as much about monitoring technical indicators to the extent that swing traders do. These firms will mostly hire people with deep academic qualifications in several quant areas. Shorter candles show less price movement, while longer candles indicate higher volatility. Harinatha Reddy Muthumula, TEL: 1800 833 8888; Email: for DP related to , for any investor grievances write to. ” While not strictly a trading book, Lynch’s insights into stock picking, market trends, and capitalising on investment opportunities offer valuable lessons for traders seeking a hands on approach to the financial markets, including an understanding of the principles of active investing. Built on the forefront of technological innovation, our platform leverages the prowess of artificial intelligence to revolutionize the way you trade. Check out or comprehensive FAQS on what the merger means for you. An end of day trading strategy is a popular trading technique where traders analyse the market and make trading decisions at the end of the trading day. Nil account maintenance charge after first year:INR 199. They often adjust their techniques based on the time of day, market news, and overall market sentiment. To help you understand the risks involved we have put together a series of Key Information Documents KIDs highlighting the risks and rewards related to each product. The forex market is open 24 hours a day during the weekdays which allows traders to potentially trade all day and all night. Download Link Download Fastwin. Comparison Tool: Compare 50+ features side by side. The platform’s trading features for US stocks are https://pocketoption-br.space/es/ unmatched,offering a rich suite of tools for comprehensive analysis. European investors can leverage an extensive collection of research and analysis tools, including the IBKR GlobalAnalyst for discovering international investment opportunities and the PortfolioAnalyst for evaluating portfolio performance. Com login to seamlessly install MT5. You should consider whether you understand how CFDs, FX or any of our other products work and whether you can afford to take the high risk of losing your money. Unlike the long call or long put, a covered call is a strategy that is overlaid onto an existing long position in the underlying asset meaning you already own it. Trading is something that requires hard work and a lot of time. If that one company goes out of business and you just own that one stock, you lose your whole investment. When this resistance level is broken after the W forms, that could be a sign of a breakout.
Options trading strategies
Use the broker comparison tool to compare over 150 different account features and fees. There is no “most accurate” pattern as they should all be viewed as indicators of what bull or bear traders might be thinking—but some traders have preferences and act on specific patterns. Both brokers offer traders access to several hundred technical indicators in addition to endless customization options. Required fields are marked. There are hundreds of different combinations to choose from, but some of the most popular include the Euro against the US dollar known as the EUR/USD, the US dollar against the Japanese yen USD/JPY and the British pound against the US dollar GBP/USD. By using trading strategies, traders can decide when to buy and sell, what volume to trade, and how to protect themselves from big losses. Your goal should always be to avoid overextending and losing too much of your portfolio to a bad trade. Tax law can change or may differ depending on the jurisdiction in which you are resident. Current Status of Colour Trading Apps.
What does intraday trading mean?
Registered Office: 24th floor, One Canada Square, Canary Wharf, London E14 5AB. It’s usually a narrow body candle that, ideally, does not touch the body of the prior candle. This type of chart offers a more detailed view of price action and is particularly useful for day traders and those employing short term trading strategies. Today, it’s very easy to start day trading. C Other Long term liabilities. The ‘going with the flow’ approach will be hard to achieve if you are scared, intimidated or constantly on edge with every change in price. How to Read Stock Charts. For a user friendly full featured broker. Values above 80 are considered overbought, while levels below 20 are considered oversold. Demo accounts only available for spread betting and CFD trading.
Scalp trading using the RSI
With one simple line of code, your alternative data automatically links to underlying assets and tracks corporate actions through time. But that’s just the beginning. The obligation to sell or buy at a given price makes futures riskier by their nature. The holding period of securities, in this case, is shorter compared to day trading, i. TradeUP Securities, Inc. Open InterestOI is the number of contracts outstanding for a particular option. This means leverage has built in risk. It can be tricky to find your niche in the market. Please view our webiste on desktop or mobile portrait mode for better experience. Research analyst has served as an officer, director or employee of subject Company: No. Based on trading records from 2012 to 2017, it was concluded that day trading is almost uniformly unprofitable. Difference Between Cash Flow And Fund Flow. Subscribe to the Spectrum Spotlight for the latest news, market insights, expert opinions and exclusive content all hand picked from the Spectrum Markets Team.
Up next in Investment warnings
As subject to the provisions of SEBI Circular CIR/MRD/DP/54/2017 dated June 13, 2017, and the terms and conditions mentioned in the lights and obligations statement issued by the TM if applicable. The answer is ‘yes and no’. Choose your trading platfom. Best for: Traders who want access to algo trades without coding expertise. Indexing, diversification, trends, bubbles, the value of patience coupled with time, and many more core concepts are covered in thorough detail. Just like when working with different brokers for trading stocks, fees can vary from crypto exchange to crypto exchange. USDJPY, USDCAD, USDCHF. As a result, traders can take on high value positions with a low capital requirement. Factors contributing to these dismal outcomes include high transaction costs, emotional decision making under pressure, and the inherent unpredictability of short term market movements. Of any of the Rules, Regulations, Bye laws of the Stock Exchange, Mumbai, SEBI Act or any other laws in force from time to time. Users can access charts, financial news, and analysis to stay updated on market trends. News based trading: This strategy seizes trading prospects from the heightened volatility that occurs around news events or headlines as they come out. Another strategy entails buying a large number of shares and then selling them for a profit with a tiny price movement. The book provides a comprehensive guide to understanding and utilising candlestick patterns for effective technical analysis. Desperation leads traders to make foolish trades and lose everything. With its immense significance, you must know the timings for commodity market trading. The aim is for a successful trading strategy through the large number of winners, rather than a few successful trades with large winning sizes. 24/7 dedicated support and easy to sign up. Among those are services that pay rewards to people who lend out their crypto. Each options contract will have a specific expiration date by which the holder must exercise their option. During the 15th century, the Medici family were required to open banks at foreign locations in order to exchange currencies to act on behalf of textile merchants. We also do pro account trading in Equity and Derivatives Segment. Thank you for the highly informative articles you provide. It becomes your sell signal. Furthermore, understanding the historical performance of M patterns in different market conditions can help traders fine tune their strategies and improve their overall success rate. This is the “WTF, TradingView.
What type of brokerage account should I choose?
The Stochastic Oscillator is ideally used in ranging markets to identify potential reversal points. Earn up to 3% extra on annual contributions with Robinhood Gold Get 1% extra without Robinhood Gold, every year. Investments in the securities market are subject to market risk, read all related documents carefully before investing. Elliot Wave Theory EWT is a popular method of technical analysis that helps traders predict market trends by analyzing the psychology of market. Any trading action made thenceforth by the copied investor, such as opening a position, assigning Stop Loss and Take Profit orders, or closing a position, are also executed in the copying trader’s account according to the proportion between the copied investor’s account and the copying trader’s allotted copy trading funds. Options trading is the practice of buying or selling options contracts. With over 450 bylines, Matt dissects and reviews brokers and investing platforms to expose perks and pain points, explores investment products and concepts and covers market news, making investing more accessible and helping readers to make informed financial decisions. These types of websites offer software that is capable of helping you effectively time the market – so you know exactly when to enter your position and when to close it. Ensure that your position sizes align with your risk tolerance. Paid non client promotion: Affiliate links for the products on this page are from partners that compensate us see our advertiser disclosure with our list of partners for more details. Oza; Email ID: ; Tel: 022 62263303. FX is one of the most actively traded markets in the world, with individuals, companies and banks carrying out around $6. Investors trade in the forex markets as a hedge against international currency and interest rate risk, as a means to speculate on geopolitical events, and to diversify their portfolios, among other reasons. 1 pip difference doesn’t look much, but after 100 trades, it equals 100 pips. We’ll answer the common questions you have like “What are the different types of orders in stocks. If you are confused about using it, here are key points that reflect its importance in a business. Seeking professional advice is an excellent way to develop a holistic financial plan. If you’ve got a little bit of cash and the dedication to learn short term trading skills, it can be a very profitable career. CNN and its affiliates may use your email address to provide updates, ads, and offers. The KYC or Know Your Client application form is an agreement between the broker and the client and an essential step in the process of opening a trading account. The profit and loss account provides information about an enterprise’s income and expenses, this results in the net profit or net loss, which helps a businessman to evaluate the performance of an enterprise and provides a basis for forecasting the future performance. She has previously worked at CNBC TV18, Thomson Reuters, The Economic Times and Entrepreneur. The calculated ratios help traders assess how much they should invest. Invoicing is one of the most important and time consuming processes for business.
HOW DOES AN MTF WORK?
Unlock advanced trading strategies with Neostox’s Advanced Options Chain, featuring real time data and market analysis for informed options trading. Investors’ discretion is required. The TSE is regulated by the Financial Services Agency of Japan. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You notice that there is a high open interest in the option, which means that there are a lot of outstanding contracts. If the Aroon Up hits 100 and stays relatively close to that level while the Aroon Down stays near zero, that is positive confirmation of an uptrend. You should consider whether you can afford to take the high risk of losing your money. Blain created the original scoring rubric for StockBrokers. Hantec Markets use cookies to enhance your experience on our website. Examples of strategies used in algorithmic trading include systematic trading, market making, inter market spreading, arbitrage, or pure speculation, such as trend following. In addition, it also helps with controlling the operating costs related to production. Writing for the majority, Dickson, J. Therefore, any accounts claiming to represent IG International on Line are unauthorized and should be considered as fake. Kindle edition: Not availableHardcover edition: Buy it now. To hide/show event marks, right click anywhere on the chart, and select “Hide Marks On Bars”. Additionally, there is no staking available in eToro wallet. The platform offers unique perks and crypto rewards for Crypto. Sometimes prices move a lot in a short period; sometimes they stay within a tight range over a long time, underscoring the market’s always on fluctuations. Compare arrows Compare trading platforms head to head. Issuers on a regulated market shall also report the disclosed inside information to FI’s stock exchange information database, where it is searchable by the public. The information on this site is not directed at residents of the United States and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation. Gap trading is a popular and effective strategy used by traders in the financial markets. A market order is executed at the best price available, with no price guarantee.
Book Review
You deposit your chosen cryptocurrency into your unique YouHodler wallet. Some brokers may limit the amount of leverage used initially with new traders. Forex Trading for Beginners. Add in other steps to suit your trading style. For educational purposes, the app provides beginner, advanced, and intermediate courses, along with a wide selection of blogs and attractive infographics to enhance learning and understanding in investing. “Xero” and “Beautiful business” are trademarks of Xero Limited. Regulatory compliance can provide you with legal protections and increase your confidence in the legitimacy of the platform. Making informed decisions and researching company fundamentals before investing is always a good idea. Intra Day Trading Strategies and Tips for Intraday Trading. 95 plus a commission per contract e. Bollinger bands help you understand the price range for an asset. It should not be used by anyone who is not the original intended recipient. Join India’s Premier Options Trading Community and Master Delta Neutral Strategies Today. If the net sales + closing stock value is more than the opening stock, net purchases, and direct expenses, the difference is gross profit. The investment discussed or views expressed may not be suitable for all investors. Step into the energy market with various options for trading oil and gas. Out of the MoneyOut of the money is a term used to describe when the market price of the underlying security is below the strike price of a call option or above the strike price of a put, giving the contract no intrinsic value. 1% Taker Fee LV0 Trading Fee Level. We care about fairness and transparency so you always know how much you’re paying when you trade with us. This message is not intended as an offer or publication or solicitation for distribution for subscription of or purchase or sale of any securities or financial instruments to anyone in whose jurisdiction such subscription etc. Real time market data. What advice do you have for a first time investor. As shown in the image mentioned below following are the reasons to choose a standard account. While this type of investment in equities can have above average returns, it can also be extremely risky if the company does not perform well. The Paper Trading feature on the TradingView platform has been specifically designed to execute simulated trades without having to risk real money. Use the Binance referral code 49316610 and receive up to $600 in rewards https://pocketoption-br.space/ and bonuses. Charles Schwab offers something to investors of all experience levels, like no minimum account balances, helpful online tools and 24/7 customer service.
Pricing:
Step 3: Agree to the Terms and Conditions by marking the checkbox, then click on “Activate MTF. Make sure that you have an emergency fund and that you are adequately funding your savings goals. Adding to this, there are still all of the other fund managers out there with enormous portfolios to invest, who also decide to take positions in the same stock, which takes a similarly long time to accumulate adding volume and buying pressure to the stock. He is passionate about helping others become more successful in their trading and shares his skills by contributing to comprehensive trading eBooks and regularly publishing educational articles on the Axi blog, His work is frequently quoted in leading international newspapers and media portals. You can correct this by either depositing enough funds to increase the equity in your account above the margin requirement, or reduce it by closing your positions. Desmond is incredibly passionate about helping people become better traders working closely with Axi to produce educational videos, quizzes, e books, indicators, and market research to help traders take their game to the next level. Simplistic user interface. Multiple Award Winning Broker. These types of systems can cost from tens to hundreds of dollars per month to access. Yes, and we are always happy to help. With the app, you have access to intuitive mobile and desktop platforms that allow you access to real time quotes, charts, and market scanners. If the lower EMA crosses above the higher EMA, it’s a bullish view, and if it crosses below, it’s a bearish view. What makes Coinrule especially remarkable is the pre defined templated strategies. Post trade tools for analysis. 35% per year for balances of $25,000 and over and this includes access to unlimited 1 on 1 coaching calls from a Fidelity advisor. Similarly, if you sell a commodity, a stop loss order will buy it back if the price rises to a certain level, also limiting your loss. Use limited data to select content. A trader may be simultaneously using a Bloomberg terminal for price analysis, a broker’s terminal for placing trades, and a Matlab program for trend analysis. Unlike many other brokerages on this list, Vanguard doesn’t offer real time streaming news or advanced charting tools that active investors prioritize. Swing trading is a popular trading strategy designed to take advantage of price movements or ‘swings’ in the markets. Check out our wiki to learn more. Weekly Market Insights 21 June. The app is designed to notify users of any changes in the market, including price fluctuations and trading volume.
Master the Markets with Our Trading Academy
Publicly traded companies. You’re only allowed to sell fractional shares obtained through dividend reinvestment plans. So, they look for set ups that produce predictable trends, and breakouts and identify momentum in the asset price at the right time. Another misconception about investing is that anyone who invests in financial markets will become rich quickly. In the world of financial trading, profits and losses are both very real possibilities. An undeniable contrast exists between gambling and trading, though both deal with probabilities. When it comes to the financial markets, there are endless possibilities for making and losing money. It’s advisable to begin with a relatively small amount in your trading account and only put in money you can afford to lose. Stocks, bonds, ETFs, mutual funds, CDs, options and fractional shares. The strategy a trader uses will depend on their investment goals and risk tolerance. In addition to knowledge and experience, discipline and mental fortitude are key. Scalping involves a high frequency of trading, which can result in high transaction costs such as commissions and bid ask spreads. ARN – 163403 Research Analyst SEBI Registration No. Fidelity’s mobile experience is cleanly designed, bug free and delivers a phenomenal experience for investors. Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. A call option is an option that provides the holder the right but not the obligation to buy an asset at a set price before a certain date. The idea is to find stocks that have prices below their ‘intrinsic value’, giving them a ‘margin of safety’ in terms of the likelihood of a future rise, then holding them for the long term. Investments you can expect to find on these mobile platforms include. Using our forex brokers comparison tool, here’s a summary of the features offered by the best forex trading apps. Instead, abacktestedestimation is displayed. Monitoring financial news and analyses provided by your broker enhances your understanding of market dynamics. If you buy and sell the asset within a year, it will fall under short term capital gains and will be taxed at your regular income tax rate. Please click here to view our Risk Disclosure. Technical indicators can be divided into 2 types, based on the timing of information. There are also some basic rules of day trading that are wise to follow: Pick your trading choices wisely. Nil account maintenance charge after first year:INR 300. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. I contacted customer services by email and received no reply for days. Stock advice is based on fundamentals or technical research by industry experts.
Top Expert Guides
Ongoing enhancements to ETRADE’s mobile capabilities over the past couple of years have caused it to solidify its position as our best mobile trading and investing platform for the first time ever. Invoicing is one of the most important and time consuming processes for business. For instance, NASDAQ requires each market maker to post at least one bid and one ask at some price level, so as to maintain a two sided market for each stock represented. In both ascending and descending triangles, traders might want to wait for a solid breakout confirmation before entering a trade. The interface must be user friendly enough for you to understand the information and transact seamlessly. When creating a trading plan, traders should consider specific factors such as emotions and biases that can affect their ability to stick to the plan. Albert Mate, an algo trader based in Montreal, Canada, has reportedly generated returns averaging 23% annually since 2000. ” For instance, SandP 500 futures contracts, which are heavily traded, have a tick size of 0. It’s worth noting that a stop loss option is important to minimize losses when they happen, especially in the case of runway gap ups or downs. No two apps are the same, so you need to spend some time exploring what you are looking to prioritize. This class is designed to help students understand the motions of the market so that they can build stable, long term investing strategies. Note: The information in this blog is for educational purposes only and should not be used or construed as financial or investment advice by any individual. Investments in the securities market are subject to market risks, read all the related documents carefully before investing. Of this, we can deduce two crucial lessons. Executing a short strangle entails the sale of both a call option and a put option, each characterized by distinct strike prices. Always set reminders for stock prices. When considering a platform for investing in alternatives, however, it’s important to note that accredited investor status may be required. Let’s look at an example. Develop and improve services. Though it’s perfectly fine to trade virtual stocks, the options tools will make you feel like you have a stock analyst behind you in a good way, not a creepy way. “A revolutionary concept developed by Greg Morris in 1991, called candle pattern filtering, provides a simple method to improve the overall reliability of candle patterns. Has an interest rate of 3%, the trader owns the higher interest rate currency in this example.
Double Bottom Pattern
In 2018, professor Matthias Pelster of Paderborn University and Annette Hofmann of St. Register on SCORES portal B. Huge portfolio of both local and international stocks. Account Opening Charge. You’ll want to learn all about the best indicators for swing trading to set yourself up for success. Options market regulations. An ADX indicator takes the moving average over a set period of time usually 14 days. Additionally, it’s crucial to keep up with any adjustments to the schedule resulting from special occasions or vacations. This feature adds a creative element to the platform, allowing users to express their artistic vision. If you are not a reliancesmartmoney. The use of algorithms in trading increased after computerized trading systems were introduced in American financial markets during the 1970s. SoFi’s app is less robust than some larger competitors, which makes it easy to navigate and understand if you don’t have as much market experience. For more information about the inherent risks and characteristics of the options market, check out the Characteristics and Risks of Standardized Options. Then, backtest your strategy using historical data. Here’s everything you need to know about the concept of leverage and its various advantages. Develop and improve services. It is a medium term trading strategy for investors ready to focus on long term gains while ignoring short term fluctuations. Through automated pattern recognition software, traders can significantly reduce errors, optimize their trading strategies, and harness the full potential of technical analysis in the trading arena. Please keep in mind that all comments are moderated according to our comment policy, and your email address will NOT be published. This information should not be reproduced or redistributed or passed on directly or indirectly in any form to any other person or published, copied, in whole or in part, for any purpose unless otherwise expressly authorised. Please click here to view our Risk Disclosure. As shown in the image mentioned below following are the reasons to choose a platinum account for forex trading. Commodity trading timings in India are from Monday to Friday. Review NerdWallet’s picks of the best brokers for day trading. You can generally open an investment account with an investment app simply by downloading the program from your app store of choice.
New to credit loans
This starts with understanding what the heck some really important numbers you see on your trading platform really mean. A forex double bottom setup is the same as those seen in stocks, commodities, and cryptocurrencies. Already have a Full Immersion membership. Forex brokers are like other brokerages they match a buyer with a seller. Strike price is the price at which you can exercise the option. Bearish candlestick patterns indicate that prices might drop. Government and is instead a non profit corporation with a mission to protect customer assets. On the other hand, other commodities such as metals, bullions and energy products can be traded up to 11:30/11:55 pm.
Education
Create profiles to personalise content. A put option gives the buyer the right but not the obligation to sell 100 shares of the underlying usually a stock or ETF at the strike price, on or before the expiration date. Instead, prices go through many peaks and troughs during a trading session. You are welcome to play colour prediction games if you like. The second one opens following a gap and is a doji. Members using NNF software should clear the outstanding orders of session 1 in their systems before trading from the DR site. Then you can use a trading app to make trades yourself alongside the experts working hard for you. Already have a Full Immersion membership. This is a basic account that lets you invest in exchanged traded funds, shares or any other assets that a broker offers. At the conclusion of the auction, quarter hour products for the next day can be continuously traded from 4 p. Overall, it is a definite read for someone who desires to explore the market with a limited risk appetite. Learn everything you need to know about arbitrage trading and how it works. Nil account maintenance charge after first year:INR 300. In forex trading, a standard lot is 100,000 units of currency. The risk is relatively higher in Intraday Trading in comparison to standard trading. And then with just a small change in price moving in your favor, you have the possibility of ending up with massively huge profits.
Differences Between NRO, NRE, and NRI Accounts
My full time job is engineering on west coast and phone apps are my best bets to trade. 70% of retail client accounts lose money when trading CFDs, with this investment provider. Daytrading futures, forex, stocks, etc. Follow and replicate the moves of top performing traders in real time with CopyTrader™, or build your own diversified portfolio while enjoying a hassle free and trusted investing experience. When recession strikes at home, these businesses may be able to keep selling overseas. They should only use margin when necessary and have a plan in place for paying off any debt. Therefore, not letting your emotions get the best of you is important and can help you avoid making irrational and hasty decisions when trading. Unlock market insights with Neostox’s NeoScreener, an AI powered tool offering comprehensive analysis across equities, options, and futures. High balances required for preferred accounts. You’ll also hear from our trading experts and your favorite TraderTV. Com, has over 30 years of investing experience and actively trades stocks, ETFs, options, futures, and options on futures. Only engage in bot trading if you possess sufficient knowledge or seek guidance from a qualified financial advisor. Angel One provides you option to diversify your portfolio by investing in Stocks, Mutual Funds, ETFs, US Stocks, Currencies, Commodities, Futures and Options, Bonds etc. If the stock opened at $110 due to positive news released after the prior market’s close, the trade would be executed at the market’s open at that price—higher than anticipated and better for the seller. 5 million users using the Best online trading platform, as voted at the British Bank Awards for six years running. Brokerage will not exceed SEBI prescribed limit. Robinhood Review 2024. TD Ameritrade features accounts with no recurring fees and no minimum balance. Here are some general steps for how to use an investment app. However, KuCoin is also not licensed for use anywhere in the United States. Day traders typically combine strategies and forms of analyses, including the following. In addition to fees, trading platforms also differ by local transfer fees the cost of transferring funds from your local bank account to the trading platform, security of money and data, trading aids stock market news and reports, information about stocks, number of stocks on offer, and the type of orders you can create market, limit, stop. If you have a robust trading strategy that. Tel: 022 – 61169000/ 61150000, Fax no. Here are some additional tips for trading using positional trading strategies. 83 • Performance and security by Cloudflare. “Investing is not about getting rich quick.
Algo Trading
So I’ve been reading and watching vids on how to trade. The first low will always mark a 10 20% fall, and the other low will remain within the previous low’s 3 4% range. It’s essential to understand the risks associated with different investments. List of Partners vendors. Painless trading for everyone. Next stop for them is to ruin the web site with TV then I’m cashing out and off. EToro is a relative newcomer to the U. Once you’ve created your Pie, the app will automatically purchase investments in proportion with your selection. Firms that facilitate retail trading, such as Robinhood, do not offer margin accounts to most traders, so the PDT rule does not apply to most amateur or retail traders. Rules can be simple buy and sell instructions or more complex trading directives. Trading, in simple terms, is the act of buying and selling financial instruments like shares, forex and indices without directly owning them, in the hopes of making a profit from changes in their price movements. After downloading it from our website, you can win many rewards. Equity Intraday Brokerage. Stockfuse is a virtual trading app that combines gamification with paper trading. It would save you lots of money in the long run. To see if this is the case, we will compare the fees of the different brokers. Rather than succumbing to market noise, this breed of traders harnesses the power of trading discipline quotes from noted investors who have distilled their acumen into teachable maxims. Smart Trader tools auto trading, algo trading. Topics covered include core Excel skills, advanced Excel for financial modeling, accounting, corporate finance and valuation, and financial modeling. Instead, you put down a small deposit, known as margin. We apologize for any inconvenience caused while this page was under maintenance; it will be back up and better than ever as soon as possible. The trader after understanding the bullish signal the price breaks out of the upper trend line enters the long positions. The tri star pattern can be bearish as well as bullish.