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EMOTIONS & CYCLICAL ANALYSIS

NSE:SBIN   STATE BK OF INDIA
" History repeats itself. The only true constant in the market is the participants. Humans tend to act, react and overreact in similar ways to certain situations which are repeated over and over again, and this is really the basis on which technical analysis has built its utility. We are merely looking at emotions reflected on a chart to gain insight as to how a crowd may act in a future similar situation." BRIAN SHANNON

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Happy weekend.

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Bravetotrade
ALso , another point is, People SELL and Exit the trade at ANGER and DEPRESSION levels when they cant take it anymore/
Just like how they BUY on top levels at EUPHORIA and THRILL .
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Bravetotrade Einstein15
@Einstein15, True..that's when experienced players take trades, but in the right direction.
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