Noticing breaks in support and the reactive spike upward.
First post to anything really, so bare with me.
If you are someone like me, new to trading and aren't very knowledgeable in TA.
I suggest finding patterns for yourself like I have. Don't need any fancy lines or angles. I actually don't use any, just have them there for the purpose of this tip.
As you can see, every time it breaks the support it just keeps going down then shoots right back up. This I think is because a lot of people have their buys set on the support.
Once people see that it breaks that, they panic. Especially if they see it break their fancy lines. That's when you can start laddering your buys in. (there's never a way to tell when the best buy or sell is, so always try to ladder your funds in).
Fancy lines are actually great, one day I hope to be able to use them well. But in the mean time its good to go through the history and find patterns. You can even go further back and see that it follows the same pattern over and over.
Feel free to critique as I'm open to learning new things.
This is not advice, this is just my strategy.
Thanks and wish you all da money.
If you are someone like me, new to trading and aren't very knowledgeable in TA.
I suggest finding patterns for yourself like I have. Don't need any fancy lines or angles. I actually don't use any, just have them there for the purpose of this tip.
As you can see, every time it breaks the support it just keeps going down then shoots right back up. This I think is because a lot of people have their buys set on the support.
Once people see that it breaks that, they panic. Especially if they see it break their fancy lines. That's when you can start laddering your buys in. (there's never a way to tell when the best buy or sell is, so always try to ladder your funds in).
Fancy lines are actually great, one day I hope to be able to use them well. But in the mean time its good to go through the history and find patterns. You can even go further back and see that it follows the same pattern over and over.
Feel free to critique as I'm open to learning new things.
This is not advice, this is just my strategy.
Thanks and wish you all da money.
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