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TradeTheStructure
Mar 29, 2023 3:47 AM

Why we should review price action to see if History will Repeat Education

EQ RESOURCES LIMITEDASX

Description

Studying price action and reviewing should be a key part to everyones trading and will improve overall results. Many Stocks, Currency pairs, Commodities or Indexes have differing nuances and characteristics with regards to Price Action so it is worth doing the homework before entering a trade. Even though they all trade around a similar Price Action Framework, quickly looking for small repeating patterns can greatly improve the probability and conviction and help your trades in the long run.

This short video looks EQR.asx which is a share listed on the ASX. By reviewing the previous price action, we can see that the current setup is so far following the same path as a previous big winner....I will be watching to see if history does repeat!!

Hope you enjoy
Comments
zAngus
Good simple explanation. Nicely marked up chart.

This publication has been chosen for the Editor's Picks and will be featured on the home page as well as tradingview.com/ideas/editors-picks/.

Thank you for your valuable contribution to the TradingView community and keep up the good work!
TradeTheStructure
@zAngus, Thanks...much appreciated
CryptoCheck-
Does look like a beautiful chart + love the price action overview ! EQR does seem like one of those unprofitable micro caps that could make wild moves .. interesting to keep an eye on . Thanks !!
TradeTheStructure
@CryptoCheck-, Hopefully it kicks higher so I do not look silly
MinerChad
nice & easy to understand chart flow, thanks!
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