RE: Stage Analysis Beginners Questions
(2020-01-28, 07:55 PM)malaguti Wrote: no really, im just looking for where support might come in to play.
so now going back to the action, its pretty clear, a bounce today, thats great, but we want to see price now recovering past the resistance line. it could be that it will look to fill the gap and then drop, but lets not predict. macd is dropping, but not crossed yet, so still relatively buillish.
take a look at the SPY, that has come into support also off a rising trend line..remarkable how everything often follows suit
anyway, hope that helps
I think this applies to myself as well. I need to sort out timeframes and I think that perhaps I've been a bit too nevervous of drops and too short term.