About meAnalysis study cases. I am the type to ask why...so I like to see cause and effect. My chart reading style will probably encompass economic indicators. In addition I will note books I am using in my studies if interested. I am not an active trader now.
well we see that traders break through the resistance not once but twice. But, we haven't seen them near the support area with the first pattern and with the 2nd.
While I am not truly analyzing this to come to a trading plan with this specific stock/commodity. I do have additional questions with my limited knowledge. Was the stock oversold at one point? Did...
On April 6th and 7th there was a bullish engulfing pattern showing that the trend was changing into a bullish environment.
The support shows the lowest amount it may return to to be purchased again.
The next one was on April 11th & 12th, bearish engulfing pattern.
The resistance shows the desire to get it...