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Monday, July 18, 2022 1:31:54 PM
Once it breaks that top channel, and holds, it confirms a change in trend.
Also if you noticed last week I posted right as this change in trading happened. I’ve learned to watch the players during live action as compared to the actual chart to see if sentiment was changed. If you look at that same pattern of buying and selling it’s easier to notice the change. I have no regrets on buying 1.60-1.70 once I seen a base.
But again I could pull the trigger on selling if I see something i don’t like. So far so good. I like to see stocks move organically around the mean pricing as it’s less likely to dump out. Now that you know one of my secrets, start applying that to oscillators like MACD and OBV. NO RSI…I hate that in particular as I think it’s useless. Stochastics make more sense to me.
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