In my experience, a stock trader should have a watchlist that is set up in weekly timeframe and so he/she has enough time to monitor them and get the concept of movements and its investors and many many other aspects till the due time that want to enter a position. I never trader in zoomed in views and trapped in small timeframes unless I had counted from upper degrees.
Another point I consider about a security or instrument to put it in my watch list is the consistency, harmony and gaps of it that shows my the manner and psychology of its investors and traders. (There are enough instrument in the market that you can ignore ugly ones).
So as a good sample you can put PTON in your watch list.
As it is beautifully obvious it has been finishing a long time declined impulse wave in that shape of Expanding Diagonal and I will monitor it for its future movements and in the due time will get in it.
Thanks
Another point I consider about a security or instrument to put it in my watch list is the consistency, harmony and gaps of it that shows my the manner and psychology of its investors and traders. (There are enough instrument in the market that you can ignore ugly ones).
So as a good sample you can put PTON in your watch list.
As it is beautifully obvious it has been finishing a long time declined impulse wave in that shape of Expanding Diagonal and I will monitor it for its future movements and in the due time will get in it.
Thanks
AMA