Should be a bounce coming, get ready to sell a bit and buy the bounce if it happens.
Komen:
+6.04 on the new high!
Komen:
Can we hit +100 in hour 2!
gu @Snaps70 I am very new to Technical Analysis and have just learned how to find support and resistance recently. I am yet not able to analyse of a particular resistance or support would be broken. Which you have done here in a great way. How can i learn this and also how can i learn to interpret other's charts. Please point me in the right direction, any help would be really appreciated. Thanks
Balas
@rahul3832, I am self taught. I always use 2-3 upward trend lines hitting as many green candles as possible. I us a conservative one based off the bottom of the candles and then a couple more progressive ones. I then plot the same for down trends. The Stop-buy, caution-buy, and buy triangles tend to pop out themselves, I just color them in for visualization.
Balas
@rahul3832, I watched a couple videos on youtube about trend lines, baselines, and marking bull flags? I think they call them (where the downtrend crosses your up trend). To be completely honest I learned most through playing with the charts and trying to see the patterns. I always play more conservative than needed though, as I am self taught...lol
Balas
@Indiobear, I might hit that. I don't know how soon. I have bought every dip and made money. You don't necessarily have to sell I just buy dips.
Balas