Quote:
Originally Posted by Tess
It does 1 of 3 things. Moves up, moves down or moves sideways. How heavily it moves is wholly dependant upon the quality & quantity of the participation.
prices bust out of tight activity pockets to the topside when buyers outweigh sellers at a particular juncture & breaks down when the reverse sets up.
Until that occurs, it’ll kick around in a state of equilibrium. It really is nothing more complicated or mysterious than that.
That generic practice unfolds across all timeframes most everyday of every week. The force with which it moves away (& pulls back to test the breakout) from equilibrium will be influenced by what’s driving it
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Thank you jonnykanoo
glad to hear some of this stuff assists you in your quest.....
These little ranges/ledges whatever you want to tag them as, set-up all the time. There are reasons why they settle into consolidation phases (which have been referred to on here many times), & their behaviour is pretty transparent most of the time.
Combine your technical knowledge with a basic grasp of fundamental awareness & that combination will not only offer you an adequate pool of opportunities, but also keep you out of too much trouble
