AI
Wednesday, March 02, 2022 9:19:14 PM
Tip - Falling Knife, hope this helps / makes sense.
When you have a falling knife when do you know it is done falling, very hard to determine.
Lets look at FREQ listed in my previous post. I identified it as a Falling Knife yesterday today it has turned.
What changed?
Only indicator I have found for this is OBV. I have circled in (green) in these pictures and it is dark black and is illustrated behind price. Doesn't always work. It changes and moves base on its calculation and can move a day at a time on Daily. So I use the 30 minute chart for confirmation but again not always 100% but better than nothing.
Everything helps to make us better traders. The more profitable and successful we are the more Pinching becomes an accepted concept in technical analysis.
So here is FREQ Daily. Yesterday a Falling Knife today it has turned.
Here is the 30 Minute. See the confirmation.
When you have a falling knife when do you know it is done falling, very hard to determine.
Lets look at FREQ listed in my previous post. I identified it as a Falling Knife yesterday today it has turned.
What changed?
Only indicator I have found for this is OBV. I have circled in (green) in these pictures and it is dark black and is illustrated behind price. Doesn't always work. It changes and moves base on its calculation and can move a day at a time on Daily. So I use the 30 minute chart for confirmation but again not always 100% but better than nothing.
Everything helps to make us better traders. The more profitable and successful we are the more Pinching becomes an accepted concept in technical analysis.
So here is FREQ Daily. Yesterday a Falling Knife today it has turned.
Here is the 30 Minute. See the confirmation.
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