for example, when looking at the quarterly chart, the huge drop
down to the neckline last year is not so surprising when looking at
the big picture, and buying at the neckline made good sense,
and shorting at the top of the right shoulder will make good
sense.
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
I have the right shoulder
XLE going to make a good short in not too ...
Posted by roger on 12th of Feb 2021 at 05:17 pm
I have the right shoulder lower than the left because I expect a weaker right shoulder for the reasons stated below.
I look at the longer term charts all the time because it helps to see the big picture and more confidence in swing trades.
When you think of it a monthly chart looks the same as a 60 min chart without the noise
I meant quarterly, not monthly
Posted by roger on 12th of Feb 2021 at 05:44 pm
I meant quarterly, not monthly but you get the picture
for example, when looking at
Posted by roger on 12th of Feb 2021 at 05:38 pm
for example, when looking at the quarterly chart, the huge drop down to the neckline last year is not so surprising when looking at the big picture, and buying at the neckline made good sense, and shorting at the top of the right shoulder will make good sense.