Do you have balls?
In the comment section on this video share how by being able to read charts you can avoid the shit shows that are right around the corner and that no one is predicting until after the fact.
Post answer on YouTube
Do you have balls?
In the comment section on this video share how by being able to read charts you can avoid the shit shows that are right around the corner and that no one is predicting until after the fact.
Post answer on YouTube
Being able to read charts gives you clues and suggestions on what the next move may be. Consecutive bearish candles after a breakout could be the stock is reversing its trend and a good sell point especially if you are in a profitable range. Consecutive lower lows would typically tell you to stay away from the stock until it stabilizes and gives you indication that it is up trending with a significant pattern forming.
After a huge run like that it was anticipated for the market to reverse, from reading the chart the second and third bearish candle gave it away, thats where I would have sold.
When reading the chart and recognizing support and resistance areas such as the rising channel in the above chart, you would be able to see when the lower support line fails. Also the 8day SMA fails to hold. These indicators are telling you it may be a good time to put in your sell orders.
If you were to read the chart you would’ve seen previous consolidation, and possibly got in at the first break of resistance, but got out not too far above it to have avoided the crash
When a chart tries to breakout and fails it means you should be cautious and start thinking about selling.