10-Types of SSNR | Bouncing Line | Stack Area | Lonely Candle

 

Let's Discuss 3 types of SSNR

We will Utilize SSNR in Sureshot's 

1. Bouncing Line 
2. Stack area/consolidation area
3. lonely candle 

Bouning Line 

A type of SNR line From Where market bounce again and again 

we covered it in the previous lecture Click Here

Bouncing line

Stack Area

Kind of Stack Area

candle with wicks and abnormal Wicks indicate a consolidation

The whole area of stack area consider as SNR 

Lonely Candle 

a type of candle which holds previous pressure and becomes a reason for the reversal is known as a lonely candle.
Requirement is Trendy Market /Trendy Loop 

 the whole area of the lonely candle consider a Strong SNR (SSNR)

Lonely Candle

Lonely Candle As SSNR