I think this is an example of a perfect trender. The pull backs to previous supports/resistance create the patterns. If you can buy dips like this your risk is so tiny and you can just ride the stock until the trend changes.
Sunday, August 2, 2015
The chart that changed me into a pull back trader
VLTC had a nice 2 day run a few weeks ago. Watching this perfect trender move changed the way I trade forever. Below is the chart with all the patterns and entries that could have been taken.
I think this is an example of a perfect trender. The pull backs to previous supports/resistance create the patterns. If you can buy dips like this your risk is so tiny and you can just ride the stock until the trend changes.
I think this is an example of a perfect trender. The pull backs to previous supports/resistance create the patterns. If you can buy dips like this your risk is so tiny and you can just ride the stock until the trend changes.
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absolutely, beautiful, easy trade that day ... nice analysis, Jake!
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