About meRemove if, but, should, would, could, must, hope, wish, want and will from your diction and it is easier to stay neutral in your assessments.
Price Action and OHLC, the basics, are all that is needed. Master those before you use indicators or any tools.
The analysis includes multiple methods of technical analysis to produce a map.
The labels for the chart and what the chart says are on the chart itself, more information about how to create a chart like this will come with updates to this idea.
A quick rundown of what I do use are:
Trend Line to extend from two lowest structure closes.
Horizontal Ray tool...
116-118 will be a lot of choppy stalling with potential downside of 110.
Lower break will send UJ to 105.5 but I doubt it happening if dollar strength is real. Current OIL and DXY have come to a decision point to find out which is the true strength, my money's on Dollar.
Break below 99 will invalidate this idea.
TP 1 - 125
TP 2 - 130
TP 3 - 135
TP 4 -...
Possible 1-3-5 with growth cycles mapped in grey horizontal lines with prices on the line.
Rounding bottom pattern forming the swing low, confirmation based on whether the bullish volume is correct and price moves higher, confirming the rounding bottom as the actual bottom.
Risk is that TRON just stops acting sending the perceived value to zero.
Company has decreasing debt, increase revenues, top products and it is situated in the middle of the largest growing industry in the world, Gaming.
For $1.11 HKD, the company is a steal.
Price Action looks nice, looking for a low buy due to higher close and higher high.
NFA - Not Financial Advice
DYOR - Do Your Own Research
BIYS - Believe in YourSelf
Work out where you want to buy and sell based on the info provided on the chart, make your own financial decisions . This is the treasure map . No X marks the spot however.
Horizontal Lines are strong levels and solid targets.
Trend Lines are not as reliable or as solid as Horizontal Lines.
ACB Financials are growing exponentially,...
Price hit the low and an orderblock, from here, I have no idea how high it'll go - I don't care either, this chart is just for bragging rights to say "look how right I was in my TA" when there is no TA at all.
Focus on the green areas.
Break of the orange parabola and longer term trendline takes price to lower inefficient prices .
This idea is a perma-bull idea considering the longer term, the green areas are generally prices which are desirable for bounces/accumulation.