Areas to look for re-accumulation:
Below support
50-61.8% fib
Previous resistance turned support
Chosen EMA (14/50 here/Fader technique).
RSI is useful for setting alerts. RSI here is at 7. Oversold at 75/overbought at 25.
Also useful for a last conformation (although not needed). You may also get a divergence below the creek on the 5 or 15 once price intersects with the other factors listed above.
Ideally, you get in on the test and take it to your profit target. Take profit and wait for this to repeat itself. If you think you just so happened to buy right before its going to skyrocket like never before, think again.
Always have a profit taking plan in your trading*
Holding is for investors and people who don't know what they are doing.
PM for TA questions.
Training*
Sources of education:
Richard Wyckoff
Tom Williams Volume spread analysis VSA/ Master the Markets
Pete Faders VSA*
Read the ticker dot com
Wyckoff analytics
Dee Nixon
Below support
50-61.8% fib
Previous resistance turned support
Chosen EMA (14/50 here/Fader technique).
RSI is useful for setting alerts. RSI here is at 7. Oversold at 75/overbought at 25.
Also useful for a last conformation (although not needed). You may also get a divergence below the creek on the 5 or 15 once price intersects with the other factors listed above.
Ideally, you get in on the test and take it to your profit target. Take profit and wait for this to repeat itself. If you think you just so happened to buy right before its going to skyrocket like never before, think again.
Always have a profit taking plan in your trading*
Holding is for investors and people who don't know what they are doing.
PM for TA questions.
Training*
Sources of education:
Richard Wyckoff
Tom Williams Volume spread analysis VSA/ Master the Markets
Pete Faders VSA*
Read the ticker dot com
Wyckoff analytics
Dee Nixon