If you know of some trading methods that works 100%, please let me know.
There are bounces to be false breakout at times.
And there are times, you will be stop out at stop limit and the charts bounces back nicely.
So, why are we still learning TA for?
There are many situations that TA works and we are going to learn from the past.
Let’s look at some index basic weekly chart during Mar 2009 and see how a bottom looks like.
There are bounces to be false breakout at times.
And there are times, you will be stop out at stop limit and the charts bounces back nicely.
So, why are we still learning TA for?
There are many situations that TA works and we are going to learn from the past.
Let’s look at some index basic weekly chart during Mar 2009 and see how a bottom looks like.
What about the Shanghai Index? When was the bottom? Early Nov 2008
There are many other index charts which bottom in March 09. All having the same pattern, 1st there will be a breakout of resistance line with big white candle. Following it will move higher and breakout above the MA20 line of the Bollinger Band.
If you find some charts which have such bottom pattern, please do share with me.
