Why I believe in price and not fighting the trend!
Trend 1 - Volume Profile
- Market always moves from one volume node to another volume node
- notable volume nodes are show on the chart (you can probably see why those that I mentioned are key levels)
- Market always moves from one volume node to another volume node
- notable volume nodes are show on the chart (you can probably see why those that I mentioned are key levels)
Trend 2 - Cup and Handle formation
- All are possible cup formation levels
- That's why you see the key levels I've been referring to (e.g. 416, 430 etc)
- All are possible cup formation levels
- That's why you see the key levels I've been referring to (e.g. 416, 430 etc)
Trend 3 - Don't fight the trend
- Clearly, since Oct 2022, a buy channel with controlled sell channels
- Clearly, since Oct 2022, a buy channel with controlled sell channels
Trend 4 - Near term is still a buy channel in a buy channel
- Be ready for crash always
- But watch the resistances of where it could happen
- Be ready for crash always
- But watch the resistances of where it could happen
Trend 5 - Nearest term indicator
- It is not bearish until it is bearish
- 416, 421, 429/430, 440 are all key crash resistance lines/levels.
- It is not bearish until it is bearish
- 416, 421, 429/430, 440 are all key crash resistance lines/levels.
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icezzz : Is AI c3.ai also form cup n handle?
Asphen OP icezzz : yes. a handle pull back to 27 would be ideal.
note that if no handle formed, then it is not a CnH.
note also it has broken back into the buy channel algo. range between 32 and 41.
icezzz Asphen OP : Thank you so much. Do u full time trading?
Asphen OP icezzz : I don't do full time but I go with set trades per day. I aim for 1% profit per month for 12% or more per year from my invested amount.
Asphen OP icezzz : I'm an options and also a swing trader. so TA is v important to me. 2022 was my best year even though a bear market.
icezzz Asphen OP : wow… amazing. wish I learn TA n make profit too
Asphen OP icezzz : we are all making profit!