If you are looking LONG term at any Equities market labelling long zones is a necessity. IF you cannot do this you will have BAD aim..
If you use monthly charts you are going to be looking for LONG term trades. As we approach some key support and our 40MA on a LARGE forming bearish candle we can look lower for longs.
You also need patience and be comfortable with missing out on all the trades you COULD have taken in between.
That is why we use DCA methods.
This does NOT mean get short. It simply means if you are LONG TERM trading you can take it long lower.
If you use monthly charts you are going to be looking for LONG term trades. As we approach some key support and our 40MA on a LARGE forming bearish candle we can look lower for longs.
You also need patience and be comfortable with missing out on all the trades you COULD have taken in between.
That is why we use DCA methods.
This does NOT mean get short. It simply means if you are LONG TERM trading you can take it long lower.
Comment:
Long Taken around long zone. Look higher for exits.
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