Sentences with phrase «confirmed by the price action»

There's added danger because traders will often believe a bottom before it's confirmed by the price action.

Not exact matches

Among the most interesting aspects of market action, I continue to be struck by the failure of trading volume to confirm what we're seeing in price action.

If you follow my blog, you need to understand that any technical analysis I share, bearish or bullish, is always subject to actually being confirmed by price before any action is taken in my stock picking newsletter.

This selling pressure formed by the overhead supply is what makes it difficult for a confirmed down trending market to fully reverse into a new uptrend, at least without a substantial period of correction by time («back and fill» price action).

However, I quickly realized these carelessly timed trade entries resulted in losing trades a vast majority of the time because I was not waiting for the price action of the stock to confirm itself by actually trading through the exact resistance level.

The markets are so influenced by the news now, I find it helps to observe sentiment created by the news to help confirm what Price Action is telling me.

For example, is a head and shoulders pattern confirmed by a current price action?

Indeed an aspect that has a great tendecy to be governed by emocions, and it shouldn't; it should be decided by confirmed price action / resistance / support.