PAPA Decision Sheet PDF

# PAPA Decision Sheet | Sr. No. | Trade Setup | PAPA Observation | Trigger Point | Supportive Indicators | Stop Loss | Target | |---|---|---|---|---|---|---| | 1 | Double Top | Neutral or Bearish candle patterns at previous resistance levels | Weapon of the bulls is taken out | Divergences with BKT...

# PAPA Decision Sheet | Sr. No. | Trade Setup | PAPA Observation | Trigger Point | Supportive Indicators | Stop Loss | Target | |---|---|---|---|---|---|---| | 1 | Double Top | Neutral or Bearish candle patterns at previous resistance levels | Weapon of the bulls is taken out | Divergences with BKT, High Volume | High of Weapon | Same as Double Top Rules | | 2 | Double Bottom | Neutral or Bullish candle patterns at previous Support levels | Weapon of the bears is taken out | Divergences with BKP, High Volume | Low of Weapon | Same as Double Bottom Rules | | 3 | Three White Soldiers | Three White Soldiers and then price dips in the range of 2nd soldier's High and Low levels | Buying signals / bullish candles | | Low of the 1st candle | As per Major Resistance or chart pattern | | 4 | Three Black Crows | Three Black crows and then price rallies in the range of 2nd crow's High and Low levels | Selling signals / bearish candles | | High of the 1st candle | As per Major Support or chart pattern | | 5 | Bulls Counter Attack | Price opens below the major support levels | Once price enters again above the breakdown level | Lower BBC Failed, High Volume | Low of the counter attack candle | As per Major Resistance or chart pattern | | 6 | Bears Counter Attack | Price opens above the major resistance levels | Once price enters again below the breakout level | Upper BBC Failed, High Volume | High of the counter attack candle | As per Major Support or chart pattern | | 7 | Sandwich Pattern | Multiple alternate Green and Red candles within ranging price levels | Once sandwich pattern breakout candle closes above the previous candle or breakdown candle closes below the previous candle | | Low of the sandwich breakout candle or High of the sandwich breakdown candle | Major resistance for breakout candle or major support for breakdown candle or as per chart pattern | | 8 | Rounding Bottom | Multiple big red candles with no strong follow-up, mostly forming neutral candle patterns | Strong breakout candle closing above the sideways range | | Low of the candles in the range at Bottom | As per Major Resistance or chart pattern | | 9 | Rounding Top | Multiple big green candles with no strong follow-up, mostly forming neutral candle patterns | Strong breakdown candle closing below the sideways range | | High of the candles in the range at Top | As per Major Support or chart pattern | | 10 | Genuine BO | Shakeout at Major resistance level before actual breakout candle | Once follow-up candle closes above the breakout level | Ungali Setup | Low of the breakout candle | As per Major Resistance or chart pattern | | 11 | Genuine BD | Shakeout at Major support level before actual breakdown candle | Once follow-up candle closes below the breakdown level | Ungali Setup | High of the breakdown candle | As per Major Support or chart pattern | | 12 | Fake BO | Generally there is no shakeout before breakout, price again enters below the breakout level with Bearish candles | Once the follow-up candle closes below the breakout candle | Divergences with BKT, High Volume | High of the breakout candle | As per Major Support or chart pattern | | 13 | Fake BD | Generally there is no shakeout before breakdown, price again enters above the breakdown level with Bullish candles | Once the follow-up candle closes above the breakdown candle | Divergences with BKP, High Volume | Low of the breakdown candle | As per Major Resistance or chart pattern | | 14 | Gap Up | Price opens directly above the major resistance levels and sustains the gap | One can enter after follow-up | Ungali Setup | Low of the breakout candle or below Gap up level | As per Major Resistance or chart pattern | | 15 | Gap Down | Price opens directly below the major support levels and sustains the gap | One can enter after follow-up | Ungali Setup | High of the breakdown candle or above Gap down level | As per Major Support or chart pattern | | 16 | Mother Candle (Bullish Reversal) | Mother Candle found at major support | Candle that breaks out the Mother Candle | BKP at Major Support | Low of Mother Candle | As per Major Resistance or Chart Pattern | | 17 | Mother Candle (Bearish Reversal) | Mother Candle found at major resistance | Candle that breaks down the Mother Candle | BKT at Major Resistance | High of Mother Candle | As per Major Support or Chart Pattern | | 18 | Mother Candle (Continuation) | Mother Candle found in between the trend | 1. Bullish continuation - Candle that breaks out the Mother Candle 2. Bearish continuation - Candle that breaks down the Mother Candle | | 1. Bullish Trade - Low of Mother Candle 2. Bearish Trade - High of Mother Candle | As per Major Support / Resistance or Chart Pattern |