HI @Divit_R , how did you draw the curved cone for highs & lows, specific tool please?
Thanks,
Divit_R
⋅
@stockgeek2021, On the left hand side of your screen there is a vertical drop down menu of tools
4th one down, open the panel and its the bottom two
I use them as a kind of range as to where price is moving
You have horizontal support and resistances, then you have Gann support and resistances, then this ^ which is similar to a moving average, where the only difference is that you are plotting the high and low swings instead of the Average price.
I look at arcs, and see that when the severity of the gradient starts to decrease, and eventually flat-lines, i see it as the price bottoming out. This helps me to find Wyckoff accumulation areas, where to buy.
I use 1D, 1W and 1M charts, long only.
Also: I Took profit at $0.53 and sold on Friday afternoon. I would be very very cautious about trading this stock, as there have been 2 public offerings, whereby the company has shafted its investors, by selling its stock away at rock-bottom prices.
Tomorrow after market close, Farmmi will halt the sale price of 22 cents per share, and things should start to consolidate back to the upside, but it is limited.
Thanks,