J: Joyful Traders feel joyful and happy seeing the security hit a new high.
H: Hope Traders hope the uptrend will resume after the other traders stop profit-taking.
S: Scare Traders are scare and worry that the price will continue to drop. Traders have to make a difficult decision to sell at a loss or hold on to the security as the price continues to fall.
R: Regret Traders regretted not selling at the previous high price.
E: Excitement Traders have new excitement when they see the price bottom as an opportunity to go long.
M: More Confident Traders feel more confident with the second bottom valley.
I: Indecision Traders cannot make a decision temporarily to trade higher or lower.
Thank you for reading!
Greenfield
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Disclosure: Article written by Greenfield. A market idea by Greenfield Analysis LLC for educational material only.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.