dow theory helps to read the market trend
when the candle crosses HT , take LONG position
when candle crosses LB , take SHORT position
A breakout trader enters a long position after the stock price breaks above resistance or enters a short position after the stock breaks below support.

  • : dow theory helps to read the market trend
  • : candle stiisk charts areused for short term analysis , line may be for years
  • : when the candle crosses the previou HIGH TOP (HT) , the mkt trend is to bull when the candle crosses the LOW BOTTOM (LB) the trend is bearish
  • : critics is that it is slow to predict since it is easy to plot and the availability of data for analysis and the pictorial representation of the candle makes it easier to anaaalyse
  • : when the candle crosses HT , take LONG position when candle crosses LB , take SHORT position
  • : In stock market technical analysis, support and resistance are certain predetermined levels of the price of a security at which it is thought that the price will tend to stop and reverse. These levels are denoted by multiple touches of price without a breakthrough of the level. A breakout trader enters a long position after the stock price breaks above resistance or enters a short position after the stock breaks below support.
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