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Psychology

Price action & Psychology - Triple bottom, rejectionHello ! Key points: Triple bottom Rejection at support Spike in volume That price rejection actually tells us that people were afraid and panic sold at open, driving the price down until it encountered some buying pressure and price went back up. When gauging this candlestick pattern, it is important that : It is at a support level Occurs after a selling wave Shadow/wick goes below previous swing point low A volume increase An obvious wider price range Look at the previous candlestick, it clearly tells us that there was some buying pressure but not enough momentum to carry the price up. Furthermore, it pulled back, I'd guess, halfway at previous "resistance" from the second bottom. Thanks for reading and if you have suggestions or wanna discuss the idea, just leave a comment, I'll be happy to answer. ***Disclaimer : This is not an advice to buy the stock. Please, be aware that trading is a matter of probabilities and that it takes only ONE trader to deny your trade.***
QLong
by UnknownUnicorn6734025
Price action & Psychology - Breakout and first pullbackHello ! I am so excited for the week ahead. Key points : Breakout after consolidation + spike in volume Volume on uptrends is higher than on downtrends First pullback after breakout (61.8% Fibonacci retracement) Holding support despite the fact that the overall market was down on friday Context The interesting thing on this chart, is that before the consolidation, a double bottom formed. Anyway, the momentum was not important enough to break through the resistance. After consolidating and pulling back halfway (from the second bottom), enough momentum was gathered to breakout, which explains the spike in volume. This also tells us, that a psychological shift happened : there's been more greed and a stronger conviction (wide range candle and spike in volume). The plan Using the top-down method (i.e three screen method), the weekly chart gives us an insight of the bigger picture. The first resistance on the weekly chart is around 14.00. The "minor" resistance at 8.50 is more of a level to watch. The more candle (i.e confluence) there is around an area, the stronger it is. Anyway, I plan the trade up to that level and I decide what to do once it reaches it. Thanks for reading and if you have suggestions or wanna discuss the idea, just leave a comment, I'll be happy to answer. ***Disclaimer : This is not an advice to buy the stock. Please, be aware that trading is a matter of probabilities, it takes only ONE trader to deny your trade.***
NYSE:CALLong
by UnknownUnicorn6734025
🥂Just act like a pro, think like a pro, live like a pro. 🥂 ❤Hello, my dear friends! 💛 ⭐Psychological knowledge is basis for starts trading. Today I would like to talk about this.👌🏻 Probably, you have heard, that among of traders, only 5% are successful. 🧐And what about the remaining 95%? These 95% make up the usual crowd, which was grew up like everyone else.🤜🏻 Therefore, many of you are "like everyone else." And you will act “like everyone else” in the markets, and, will losing your money. 💸💸💸 The secret is not in a miracle of indicators and not fantastically profitable trading systems. 🙅🏻‍♀️ 🙉 Everything is only in your head. 🙉 🏹You need to change yourself a little, learn to think in other categories in order to become successful. 🏹 💡You are responsible for your emotions and actions yourself. 💡 In the market it's important how you can manage yourself and your money. 🤑 The market is a game without a beginning and an end, and even without a middle: it all depends on your own plan. 💍 There are no bosses, no one will set plans for you, no one will force you to make reports. 🔔You have to do everything yourself. 🔔The market is an environment, that gives complete freedom with limitless opportunities and limitless risk. ✔You need to achieve a strong self-confidence. ✔ 🔪The vice, that killed many traders is greed. Many of us want to achieve everything at once. 🔪 Greed is basis for other vices, such as impatience and excitement. Your greed is enjoyed by other, more experienced players.😎 🚷Fear and greed are the basis people’s problems. 🚷 Forget about it existence, when you open a trading terminal. ❣ Only if you have a clear and well-developed action plan on the market, with daily work on yourself, with a constant analysis of your actions, you can really solve many problems. ❣ 🥂Just act like a pro, think like a pro, live like a pro. 🥂 🎊You can’t control the market, but you can control yourself. 🎊 So, you will succeed, even with a primitive trading system. Start working on yourself. 💪🏻💪🏻 Identify your weaknesses, strengthen them with strengths. Study the psychology of human behavior to understand how a strong minority makes profit. 📎Markets are 90% psychology, because the same people work there. And each of them is exposed to fears and greed. 📎 If you interested in other educational posts, click here 👇🏻👇🏻👇🏻 Subscribe and put me like, because I try hard for you. ❤❤❤ ❓Do you like educational posts? ✍🏻Write in the comments, which topics interest you, I will definitely create new posts for you💛💛💛 ⭐Stay with me! ⭐ YOUR Rocket Bomb🚀💣
BITSTAMP:BTCUSDEducation
by RocketBomb
17
Don't FOMO here on LTC (Some words of advice.)I'm going to give you a few words of wisdom, so pay attention. Don't FOMO Buy. We've been seeing massive moves over the last few days and it's impossible not to feel left out. But don't suddenly start trading positions that will give you +30% or +40% gains. If you want to still be around in the long run, if you consider yourself a serious trader, keep scalping those simple and clean trades. I present a 8.5% long opportunity here on Litecoin. I'd say it is already on the high side. We see a nice bounce here on the $51 level that we can connect with resistance we've seen in early March. The resistance we had from early April is now turning into support through the S/R flip. We have all the ingredients for a nice long trade here. The markets are bullish, and this is a very healthy retracement. This could be a great moment to enter a position on LTC. Stay safe everyone. Follow me for consistent high quality updates, with clear explanations and charts. Please like this post to support me. - Trading Guru -------------------------------------------------------------- Disclaimer! This post does not provide financial advice. It is for educational purposes only! Recent success stories
COINBASE:LTCUSDLong
by Trading-Guru
7
Price action & Psycholog - Pullback and gapsHello ! Key points : Support : important zone on weekly chart, amplified by breakaway gap, previous resistance on daily chart Pullback 50% Fibonacci Exhaustion gaps coupled with higher trading volume Despite the market drop on friday, it held the support The support is on an important zone on the weekly chart, which explains why the breakaway gap formed. I can imagine people thinking "if it's not holding the support I'm selling" and some people started (probably because the overall market was weak) bidding lower prices pre-market. On the way up, it is very clear that the stock encountered a resistance on that particular zone. The fact that it broke out, means that there has been a psychological shift in people's thinking. Which makes this zone now a decent support. ***Disclaimer : This is not an advice to buy the stock. Please, be aware that trading is a matter of probabilities, it only takes ONE trader to deny your trade.*** Thanks for reading and if you have suggestions or wanna discuss the idea, just leave a comment, I'll be happy to answer.
NASDAQ:ONLong
by UnknownUnicorn6734025
How to Trade Directly After The BTC Surge.Everyone knows I am well known for my analyses on psychological support and resistance zones and their strong predictive capabilities. We just found two new important psychological levels in the last two days. One psychological resistance at 9450 and one psychological support at 8400. -- quick reminder on these beautiful round number levels -- Computer scripts don't come up with these round numbers, humans do. You can see human trading behavior at work here, along with human psychology. This is exactly where humans would put their limit orders, or where they will put price alarms. Let's compare the different kind of support and resistance lines you can draw. First, there are the most common ones based on past price behavior. A local high will be extend on the chart to indicate that this has been a point where price has historically bounced. This has medium predictive power. Secondly, there are psychological levels without any price action. Simply looking at a chart and seeing ETH is about to hit $150 should make you conscious about having psychological resistance. You can add these lines to your chart. Thirdly, there is confluence between psychological and price based support or resistance. Those are the ones I charted here for you. These have incredible predictive power. Keep an eye on them. They are important. When we combine the 9450 and the 8400 levels with the price based resistance of slightly below the $9000 level, I see the price struggling a lot to break through the $9000. I expect it will show a healthy retracement and cool down a little moving in the direction of the psychological support zone of $8400. Then, the bears will make space again for the bulls, and we can expect a trade at least until the current resistance area. This can give us a nice 5% trade. Remember, don't FOMO buy after you've seen these massive gains. Don't go for crazy returns. This 5% trade set-up is enough for me, and it should be enough for you. Don't worry. You will get plenty more opportunities. Follow me for consistent high quality updates, with clear explanations and charts. Please like this post to support me. - Trading Guru -------------------------------------------------------------- Disclaimer! This post does not provide financial advice. It is for educational purposes only! Recent success stories:
Long
by Trading-Guru
10
Price action & Psychology - Resistance, consolid., continuationHello ! Key points : Resistance broken on high volume and wide range candles Consolidation phase and support hold Huge price rejection on the hourly + high volume Relative strength (compared to today's market conditions) I've left some charting from the previous trade on this analysis, to get a context. On the previous analysis, we said that basically, what happens after an "ABCD" pattern, is that the "D" makes a new low (depending on what chart you're looking at it must not be an all-time low). So we're entering a new trend. As we know, stocks nearly always move in waves (higher highs, higher lows when uptrending, reverse for downtrending). What happens here, is that the stock needs some room to "breathe" before resuming the trend. Some people are taking profits (like I did yesterday), others are joining the party, while others wait on the sidelines. BUT , there's still a "healthy" balance between the different actors, otherwise, if the conviction was gone or there would have been enough sellers to absorb the buy orders, the stock would have reversed right away. The 2 reasons for a stock price (or any other security) to go up (reverse for down) Fundamentally, there are 2 reasons : There are not enough sellers to absorb buy orders (buyers > sellers) Traders/investors think that the stock is cheap (they have the belief that the stock will go up in the future, i.e. the conviction) ***Disclaimer : This is not an advice to buy the stock. Please, be aware that trading is a matter of probabilities, it takes only ONE trader to deny your trade.*** Thanks for reading and if you have suggestions or wanna discuss the idea, just leave a comment, I'll be happy to answer.
NASDAQ:VRALong
by UnknownUnicorn6734025
Striking similaritySweden had no lockdown, Europe did. EURSEK going to zero like BTC. Curious to see what happens. Let's check again in a few days. Same idea as Bitcoin back then for me. If I see a double bottom I will buy. All the brainlets should buy, if it goes up they will have "missed out" lmao. There's very little retail interest in this, I won't get to see the "bull market is back" reactions :( Hey maybe central bankers and investment banks are going to claim "bull market is back" 🐻😆
by MrRenev
🏆 GOOD ALWAYS TRIUMPHS OVER EVIL 🏆IT'S NOT AN EDUCATIONAL POST,☝🏻 although, the message is teaching from it!🤲🏻 ⚡ Guys, I'm not here to make money, I'm here to gather interesting people near me, to publish ideas for successful deals. ⚡ There are a lot of wonderful people here. REAL PEOPLE who have good knowledge and experience that can help many traders, especially beginners! 👀I’m here a little less than a month, but this month:👀 😡 I received a lot of messages in the PM asking for mutual likes (I’m not an angel, I can also just have people who follow me if they like ideas, give me likes. But that's not always case) 😡 some accounts from the top (not all, but I can analyze well) has a tendency to attract attention: put likes, and then pick them out 😡 you can see how the great ideas of the guys are ignored, and many ideas that gain 300-700 likes have no meaning at all. ✍🏻✍🏻✍🏻✍🏻Guys, why am I writing that's all ??? Those who doing this, they can be understood, they are trying to make money.💰💰💰💰 🙅🏻‍♀️They don’t want to offer quality, they want to deceive the audience ... let it go! 🏆 GOOD ALWAYS TRIUMPHS OVER EVIL 🏆 My message is for you, my dears. You need to thinking, learning, developing, analyzing, don't let manipulate you!!! ♥♥♥♥♥I love you very much!!♥♥♥♥♥ Your Rocket Bomb!🚀💣
BITSTAMP:BTCUSDEducation
by RocketBomb
20
Trading Tips for consistency 1- Find one repetable pattern on a specific timeframe and track it on excel to know the exact % win rate. 2- patterns are more powerful than technical indicators, imho indicators should be only used for signal entries and nothin more than that. Remember all indicators are lagging indicators so patterns remains more powerful. 3- the ability to master oneself and stay disciplined to wait and wait for your specific setup to CONFIRM. 4- DONT anticipate you must wait for CONFIRMATION only. 5- max loss per trade. Risk management is the king of the game and you must have a pre defined max risk per trade BEFORE you even enter into a trade. 6- use HARD STOPS. As soon as you enter into a trade you must set your hard stop immediately. 7- if new imho u must use max risk of 2% of ur equity on each trade as a max risk, if you are exprienced then you are allowed to use more. 8- Journal your trades, take screenshots of your charts with entries nd exits, as well as joirnal your thoughts before you trade, during and after you exit the trade. Remember this game is 80% psychology so tracking your emotions is KEY to success as a trader. I wish you all success 🙏 The Bear 🐻
Education
by ShortTrades
Bullish ETH Is About To Break Through a Psychological ResistanceIn this idea I will explain how you can leverage psychological support and resistance levels for trading ETH/USD. This will help you earn more money while trading, and gives you more understanding about the markets. I have been talking about this for quite a while now, and every time it shows that it works again and again. We have seen so far that the price loves to oscillate between these beautiful support and resistance levels. If the price breaks through the psychological resistance of $200 I expect we will start trading in a higher zone between $200 and $240. I will split this idea in multiple aspects. First of all, I will go into ETH/USD and explain the most important levels on the chart based on the principals of human psychology. Then, I will explain why I believe the cryptocurrency markets have a much stronger tendency to behave according to these principles than any other markets. Last, I will explain how you can benefit from these concepts. -- What are these psychological levels you are talking about? -- Look at how BEAUTIFUL all the numbers are on my chart. They are all incredibly round numbers, which match perfectly to the levels of support and resistance . The levels that I identified are: $290 ( resistance level 3) $240 ( resistance level 2) $200 ( resistance level 1) $175 ( support level 1) $150 ( support level 2) $125 ( support level 3) $90 ( support level 4) Computer scripts don't come up with these round numbers, humans do. You can see human trading behavior at work here, along with human psychology. This is exactly where humans would put their limit orders, or where they will put price alarms. Let's compare the different kind of support and resistance lines you can draw. First, there are the most common ones based on past price behavior. A local high will be extend on the chart to indicate that this has been a point where price has historically bounced. This has medium predictive power. Secondly, there are psychological levels without any price action. Simply looking at a chart and seeing ETH is about to hit $150 should make you conscious about having psychological resistance. You can add these lines to your chart. Thirdly, there is confluence between psychological and price based support or resistance. Those are the ones I charted here for you. These have incredible predictive power. Keep an eye on them. They are important. A great way to confirm these level is by zooming out and going back in time. I tried to show it on the chart here, but it would simply get too cluttered if I show you multiple timeframes. If you take these levels, and you zoom out, you see that the same levels are important over and over again. These levels can perfectly predict highs and lows throughout months, even years. This is why you should always add these on your chart! It works 100x better for USD pairs than for BTC pairs. So don't forget to look at your USD pairs too when you are trading. -- Why do cryptocurrency markets have a strong tendency to have these human levels -- It's simple: liquidity. The big banks with their big algorithms have the task to take one billion, and turn it into two billion. The entire marketcap of Bitcoin is only 125 billion, the trading volume for BTC USDT is only around $500M on a given day at the largest exchanges. It's simply not lucrative. The only thing you can do in the current crypto markets, is take your one thousand dollars, and try to turn it into two thousand. This scales a bit further on the larger market caps such as BTC and ETH, sure, but for a maxium you can make try to turn one million into two million. That's pretty much it. The conclusion of all of this is that the big algorithmic traders don't even want to be here, they couldn't care less. This is a field for traders who play with crypto as their hobby, people with some spare time on their hands. Perhaps.... you! The reader. And me, yours truly. There are normal people trading on the cryptocurrency markets. This is what causes the price to have these decimal-perfect support and resistance zones. And this is why you'd want to put so much attention into these areas while trading cryptocurrency. -- So, How Do I Beat Other Human Traders? -- Think carefully about where you put your limit orders. If the resistance is at 9200, don't put your limit order at 9201 right above a huge resistance. Be smart, and put it at 9199 or even a little bit lower. This reduces your profits only slightly, while greatly increasing the odds that your limit price will be hit. This also works for buy orders, never put those on round price levels. Instead, look for non-round numbers slightly disadvantageous to the profit, but very positive for your hitrate. Follow me for consistent high quality updates, with clear explanations and charts. Please like this post to support me. - Trading Guru -------------------------------------------------------------- Disclaimer! This post does not provide financial advice. It is for educational purposes only!
COINBASE:ETHUSDLong
by Trading-Guru
12
Price action & Psychology - ABCD Pattern, what's next ?Hello ! Key points : New trend starting after ABCD pattern First pullback occuring on 50% retracement Volume on uptrend is higher than downtrend Consolidation taking place ABCD Pattern This isn't a quite regular ABCD pattern, even though the time between AB and CD is almost equal (or near). What I look for when trading this pattern, is either the pattern himself (buying the "D", or the "new low") or what happens after it. In most cases the "D" from the pattern marks the start of a new trend. Volume & first pullback You can see that the volume that made the stock go up (from the "D") is way higher than the volume that formed the pullback. Some traders toke profits while others sold for a losing trade because they bought too late (greed). Consolidation Recognize a consolidation : 1) Narrow range 2) Low volume 3) Support zone ***Disclaimer : This is not an advice to buy the stock.*** Thanks for reading and if you have suggestions or wanna discuss the idea, just leave a comment, I'll be happy to answer.
NASDAQ:VRALong
by UnknownUnicorn6734025
Price action & Psychology - Triple bottom reversalHello ! Key points : Triple bottom pattern Rising volume Price rejection ("hammer" formation) on higher volume than previous sessions Rising volume ? On this particular chart, it doesn't seem like the volume is actually rising. This is because the chart shows the data only for the current exchange (Cboe BZX). On my brokers account, I am able to see the overall data (in this case volume). In fact, if you combine the volume of shares traded on every exchange, you get a very different picture of what's really happening (see screenshot below). ibb.co Earnings call Everytime I get into a trade, no matter what happens, I always liquidate before they present their earnings. ***Disclaimer : This is not an advice to buy the stock.*** Thanks for reading and if you have suggestions or wanna discuss the idea, just leave a comment, I'll be happy to answer.
NLong
by UnknownUnicorn6734025
Price action & Psychology - Triple bottom reversalHello ! Key points : Triple bottom pattern (laws of mass psychology, in my opinion a very reliable pattern) Support held despite high volume Indecision rises even though overall market turmoil ( relative strength ) Rising volume compared to the previous trading session I usually never wait for the breakout when trading double or triple bottoms. I tend to buy the bottom immediately. Therefore, I will use the 4.00 zone as my initial target. If the reversal happens and my target is reached I decide whether I hold or sell based on the current conditions. Using the S&P500 index as a guide On my S&P500 chart I have the Williams %R (3) indicator plotted. I noticed that during that market crash, whenever the indicator enters the oversold zone (< -75) the S&P500 tends to bounce back up. i.ibb.co ***Disclaimer : This is not an advice to buy the stock.*** Thanks for reading and if you have suggestions or wanna discuss the idea, just leave a comment, I'll be happy to answer.
GLong
by UnknownUnicorn6734025
Price action & Psychology - First pullbackHello ! Key points : Fading volume : The fact that volume is fading indicates that the pullback is losing momentum, we should see an increase in volume tomorrow compared to today. Interest in stock is rising. The wide range bullish candlesticks shows that bulls are strong and there's actually interest in the stocks (i.e. those that didn't trade have a chance to buy now) The stock gapped down, probably out of fear considering the overall market conditions, there's been a selling wave driving prices down but bulls caught up ***Disclaimer : This is not an advice to buy the stock. You should never ever blindly follow a trader's idea without knowing exactly what he talks about.*** Thanks for reading and if you have suggestions or wanna discuss the idea, just leave a comment, I'll be happy to answer.
TLong
by UnknownUnicorn6734025
2
Price action & Psychology - Reversal after panic sellHello ! Key points : Gap down : The stock gaps down probably because of bad news; opens at old support level Panic selling : The bad news and the gap down triggers panic selling which explains the surge in volume The stock finally settles on a previous support area Last selling burst occurs and indecision rises as volume goes back up Through this trade I want to emphasize the fact that one should be careful when evaluating the shadows (or wicks) of a candlestick . On this particular trade, there is no need to put the stop loss below the shadow, because it is the irrational behavior (fear) that formed it. Watch out the area around 7.00 as it is an important congestion zone on a weekly chart (3 years - weekly). The final target would be the 8.00 area. ***Disclaimer : This is not an advice to buy the stock. You should never ever blindly follow a trader's idea without knowing exactly what he talks about.*** Thanks for reading and if you have suggestions or wanna discuss the idea, just leave a comment, I'll be happy to answer.
PLong
by UnknownUnicorn6734025
The HUGE BULL RUN on ETH and Ethereum token is coming!!Greetings everyone! I think we can have major uptrend on eth/btc together with most of alts along with ether token after months of boring range accumulation. So the hopeless sentiment about tokens and eth after 2+ years of downtrending along with range many people even forget it and a lot give up or going to trade leveraged btc instead this is also one reason btc hype but it will be changing one day. Believe it or not blockchain and crypto token project isn't dead this is still going many staff and developer is however working actively. Naturally many unsolid projects died, but that normal this can be comparable to natural secretion and this is a good news company with weak management of funds or unsolid projects are gone this one reason a crash can be good now we are ready to go up. Of course an even dead project can go up or make a exit pump but it will be corrected very fast like a pump and dump. This is probably one highest opportunity of the year! What I'm saying above work for eth but also for all eth erc20 token maybe also some others alts! Now let's look at technical on analysis eth. On 1D Look like about to do a clean breakout in a double bottom with trendline breakout and now still above in addition to it make higher high and lower low. On 1W Same as daily but on RSI seem like a breakout and pull back, this is also a reliable target at 38% On 1M We have a great bullish engulfing candle but beware because not closed yet but it might get better too. Not analysing USD chart because it also correlated to btc that I don't have really same view right now but its possible to do something called hedging so shorting btc and long eth to play only the eth btc movement in addition not showing lower time frame charts here because nothing to say more than the daily one. About target same as saying above 38% retracement at around 6900 and of course higher target like 50% at around 8500 /!\ Remember this is not a financial advice just only my own opinion on the market please thinking and make your own chose /!\ Please notice this is not trading, or entry signals just an analysis, one day I might make a post on what is the difference between an analysis and a trading signal if you asking. Feel to share your thought in comment I always read all and try to answers if possible. Thanks for reading have a good day!
Long
by LegoTonix
Trend continuation after pullback - Psychology & Price actionHello ! Key points : Support on previous gaps (highlighted on the chart) 50% Fibonacci retracement, after starting a new trend, stocks tend to pullback halfway after resuming Fading volume signals the end of the current trend Indecision candlestick ("Doji") signals that indecision rises What's the plan ? From a "daytrader" perspective (that I'm not, but I have some basic knowledge), I saw that morning panic which led to a reverse and a spike to 8.10 (5 min chart). A pullback was obvious, so I placed my buy limit at 7.95 and got filled. Now I'll let the trade unfold and will add the other half on my position once the trade advances in the desired direction. The initial target is the first encountered resistance. ***Disclaimer : This is not an advice to buy the stock. You should never ever blindly follow a trader's idea without knowing exactly what he talks about.*** Thanks for reading and if you have suggestions or wanna discuss the idea, just leave a comment, I'll be happy to answer.
NYSE:SBHLong
by UnknownUnicorn6734025
Uptrend continuation - Price action + PsychologyHello ! Here we go with another analysis solely based on price action and psychology in the stock market. Key points : Breakout on high volume Previous resistance becomes support Fibonnacci Retracement : 50% Volume rises as demand for the stock increases Basically, what I see here, is an accumulation on a congestion zone. The traders that didn't trade the 9.00-to-12.50 zone, are now lining up because they don't wanna let the train leave without them. What's the plan ? I calculate my risk/reward ratio and I start by buying half of my final position. If the trade appears to go in my favour, I'll add the other half. In this context, I'll probably add around 13.80/14.00 after the break of the resistance on the hourly chart. The three screen method The method I use to analyse my trades is called the " three screen method ". I start by looking at the scale above my regular time frame which is the weekly chart (3 years - weekly) where I highlight notable resistance and support zones and in normal market conditions look for ongoing long-term trends (stock market participants have a "memory", they tend to remember old resistance and support zones). Then, I switch to my regular time frame, which is, in my case, the daily chart (6 months - daily). Here, I watch the price action and think in terms of "what are other traders doing ?". This is where I plan the trade. Finally, I switch to the scale below, which is the hourly chart (1 month - hourly). What I look after on this time frame are minor resistance and support levels. Note on support and resistance Support and resistance are not numbers or lines on a chart. They define congestion AREAS/ZONES . ***This is not an advice to buy the stock. You should never ever blindly follow a trader's idea without knowing exactly what he talks about.*** Thanks for reading and if you have suggestions or wanna discuss the idea, just leave a comment, I'll be happy to answer.
BLong
by UnknownUnicorn6734025
Bottom trade using Tech. analysis without IndicatorsHello, This analysis is only based on price action and psychology in the stock market. Key points : Range of the candles diminishes and volume tapers off as bears drive the price down Volume rises on indecision, bears are not in control anymore Previous support acts now as a resistance area (around 2.75) The initial target is around 2.75 PS : This is not an advice to buy the stock. You should never ever blindly follow a trader's idea without knowing exactly what he talks about. Thanks for reading and if you have suggestions or wanna discuss about the idea, just leave a comment.
NYSE:QUADLong
by UnknownUnicorn6734025