Query : How to find trend direction as I am confused with tails.
Answer : Yellow line is the support which turned as resistance, Once the price has broken the support, it becomes resistance. When price was nearing the support, the candles were forming with long upper wick, which indicates more sellers were coming in. Once the support was broken, trend was bearish and selling pressure was indicated by candles, we can sell.
Conclusion : Find stocks which has broken the support to go short.
Note : Hit like to get more educational posts and please do not write comments :)
Answer : Yellow line is the support which turned as resistance, Once the price has broken the support, it becomes resistance. When price was nearing the support, the candles were forming with long upper wick, which indicates more sellers were coming in. Once the support was broken, trend was bearish and selling pressure was indicated by candles, we can sell.
Conclusion : Find stocks which has broken the support to go short.
Note : Hit like to get more educational posts and please do not write comments :)
Ghi chú
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Role I play here : Moderator. Follow me in telegram to trade better. t.me/Analysis4Newbie Contact information : tradingplan4u@gmail.com
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Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.