Normal
Classic examples from Friday's session. ES.A] Curved white line on the left shows slowing momentum with contracting volume and volatility.B] Curved white line on right shows accelerating momentum with increasing volume and volatility.Long entry on A] is best when buying has been shown to return to the market. A change of character or break of structure with volume to support it.Long entry on B] is best during a plumetting, high volume and high range red bar when it coincides with a level.A] Often held until momentum slows.B] Mean reversion trade. Hold for n-bars or 50% retrace of the drop.C] (not shown) A complex bottom. Identify stopping volume and watch to see if the low of the bar that printed the stopping volume holds.D] (not shown) It's far more common for tops and bottoms to be messy. But exhaustion and interest can still be identified in such cases. [ATTACH=full]159323[/ATTACH]
Classic examples from Friday's session. ES.
A] Curved white line on the left shows slowing momentum with contracting volume and volatility.
B] Curved white line on right shows accelerating momentum with increasing volume and volatility.
Long entry on A] is best when buying has been shown to return to the market. A change of character or break of structure with volume to support it.
Long entry on B] is best during a plumetting, high volume and high range red bar when it coincides with a level.
A] Often held until momentum slows.
B] Mean reversion trade. Hold for n-bars or 50% retrace of the drop.
C] (not shown) A complex bottom. Identify stopping volume and watch to see if the low of the bar that printed the stopping volume holds.
D] (not shown) It's far more common for tops and bottoms to be messy. But exhaustion and interest can still be identified in such cases.
[ATTACH=full]159323[/ATTACH]
Hello and welcome to Aussie Stock Forums!
To gain full access you must register. Registration is free and takes only a few seconds to complete.
Already a member? Log in here.
