The field position of the overall market and sector of the stock
as well as divergence and structure of the pattern (learn with
experience). It's not about forecasting, it's about adjusting
to what's in front of you as a trader.
One thing to note on tight flags is the angle of the 20 day MA -
PTON had a bearish 20/50 squeeze which favors the bearish break
(not absolute but odds are break in that direction)
Coils - breakouts versus breakdowns.
Posted by foody518 on 17th of Feb 2021 at 10:32 am
Coils - breakouts versus breakdowns. What other information can help to understand which is more likely in a given setup?
Same with horizontal breakout versus double/triple top
The field position of the
Posted by steve on 17th of Feb 2021 at 10:33 am
The field position of the overall market and sector of the stock as well as divergence and structure of the pattern (learn with experience). It's not about forecasting, it's about adjusting to what's in front of you as a trader.
Yes my PTON trade didn't
Posted by retirefire on 17th of Feb 2021 at 10:35 am
Yes my PTON trade didn't work. Overall mrkt weak
One thing to note on
Posted by steve on 17th of Feb 2021 at 10:39 am
One thing to note on tight flags is the angle of the 20 day MA - PTON had a bearish 20/50 squeeze which favors the bearish break (not absolute but odds are break in that direction)
noted, thanks Steve
Posted by retirefire on 17th of Feb 2021 at 10:40 am
noted, thanks Steve