I like to buy when

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    Posted by sydney on 8th of Feb 2022 at 04:18 pm

    I like to buy when price is coiling before breakout instead at the breakout. The problem with coiling is you don't know the direction after the coil, but the direction is clearer with on momentum on 15/30/60 min timeframe, better with daily, weekly and monthly coiling as well. Often, by the time the breakout happens a huge chunk of the move has already happened. e.g. vsco I bought it in late Jan when it was coiling. As for xbi, there was not much coiling but the pull back today + vol look constructive.

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