Why are you afraid of seeing red candles in a bullish move ?
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Fear not, in a bullish move/direction, a red candle is merely a correction, necessary for it to gain more support before going higher. Unless and until the trend line is broken, the red candle should be viewed as a buying/accumulation zone.
3158 to 3187 will be a good buying zone for SHCOMP . Again, let not the media distract you to think the Consulate office closure in Houston and Chengdu, China will bring the stock market down. Read article here
3158 to 3187 will be a good buying zone for SHCOMP . Again, let not the media distract you to think the Consulate office closure in Houston and Chengdu, China will bring the stock market down. Read article here
Comment:
Praise the Lord, those who have unwavering faith are rewarded.
Comment:
I like to stress that the support/resistance lines are merely a guide and NOT a definite rules that the price action MUST obey at all times. That means, just because it works here at the precise level does not mean other instruments (eg. forex or shares or commodities) will work the same as well.
It merely states a higher probability that it will rebound from the support or retrace from the resistance , that is all. If taken too seriously, one will become disappointed easily when it does not obey and resulted in losses. Please bear this in mind.
It merely states a higher probability that it will rebound from the support or retrace from the resistance , that is all. If taken too seriously, one will become disappointed easily when it does not obey and resulted in losses. Please bear this in mind.
