I have tried giving small example , here in a visual representation
This stock is in Bull channel on Weekly and Monthly chart , and they broke it , why ? because everyone knows its in bull channel that is why
once institutional sees the formation of bull channel they tend to brake it in order to take out all the retail traders who wanted to enter on low and sell on high , this keeps on repeating , You can check all the trend line or any indicators you are using , they brake it and then they reverse it in bullish trend , and same with bearish trend , when everyone is drawing trend line and watching the RSI , or any Momentum Oscillator indicator , they know that everyone will be short on this , they take it in opposite direction only to take out the stops of retail traders
in order to understand it how they brake the running bull or bear market trend and then reverse it , You need to study the charts in deeper way
People please expect the un-expected in Financial instrument market (Stocks , Commodity, Bonds, ETF ) and look for possible opportunity
do not lose your hearts once if you are wrong , but if you tend to follow the mass ( like how everyone keeps the stop only to lose the trade) then Even God can not help you to take proper decision
All the information provided above is based on my personal experience or views , they do not conflict any person or institutional trade methods or trading styles
Good luck
This stock is in Bull channel on Weekly and Monthly chart , and they broke it , why ? because everyone knows its in bull channel that is why
once institutional sees the formation of bull channel they tend to brake it in order to take out all the retail traders who wanted to enter on low and sell on high , this keeps on repeating , You can check all the trend line or any indicators you are using , they brake it and then they reverse it in bullish trend , and same with bearish trend , when everyone is drawing trend line and watching the RSI , or any Momentum Oscillator indicator , they know that everyone will be short on this , they take it in opposite direction only to take out the stops of retail traders
in order to understand it how they brake the running bull or bear market trend and then reverse it , You need to study the charts in deeper way
People please expect the un-expected in Financial instrument market (Stocks , Commodity, Bonds, ETF ) and look for possible opportunity
do not lose your hearts once if you are wrong , but if you tend to follow the mass ( like how everyone keeps the stop only to lose the trade) then Even God can not help you to take proper decision
All the information provided above is based on my personal experience or views , they do not conflict any person or institutional trade methods or trading styles
Good luck
Trade active:
Sorry for delay in update
Price did bounce , form expected level and heading towards target
Trailing my stop
Price did bounce , form expected level and heading towards target
Trailing my stop
Trade closed: target reached:
Closed at 129
From 125 to 129 was 4 Point Gain
Regards
From 125 to 129 was 4 Point Gain
Regards