Hello, I need your help
I'm new in swing trading but I read a lot of materials before jumping in !
Got a few sucess first week (+3%), lost all during the second week (non-rational decision, stress haha).
I'm now more careful with my trades, I'm doing 3% so far for the third week.
I notice that there's some chart pattern that I failed "to predict"
Like a sudden drop, but everything was indicating an uptrend. Or a big triangle consolidation from nowhere.
Here's the first one AMD :
The 14th everything was fine, big green candle that cross 8EMA - stoch was great.
There was a hammer confirmed a few days before and it did touch the Bollinger wave.
But on the 15 and 16th, there was a pullback from nowhere.
==> is it possible to predict it with some tools ?
Or was it at least possible to be pretty sure that it was going to continue to raise after a few days ?
Second : NLSN
Same here, during the last four days, you can see price touched a strong resistance line (and the Bollinger before that) - Piercing Line and a good confirmation.
Even more the price did cross the 8EMA...
But there's a drop the two last days.
Could I've predict that or it's just a part of probability that I have to deal with ?
I'm using :
8EMA (sometimes 3EMA and 34EMA to see crossover)
I did check MACD or 20-50 SMA but I find the indicators I'm currently using less laggy and more accurate.
Maybe there's others tools that I don't know yet that can indeed predict (in the sense of making me more alert) about these sudden drop.
Because for now, it's just unavoidable...
Thank you for everything