September 21, 2016
Practice! Practice! Practice!
Can you spot the Support and Resistance? Every trader will see the S&R differently, all trader see chart in different timeframe. As there isn’t a Right or Wrong way, this is my way. Trading is very personal. We could be out of the same school undergo training from the same Master. But, at the end we are all different. Have you ever find two boxers the same no, never. Boxers are much difficult to understand, however, from the Chinese’s kung fu all learn the same steps, practice the same number of years. You could have one Bruce Lee and only one Bruce Lee.
Same for trading, we have slightly different eyesight, different appreciation, we see thing differently. We apply the theory slight different. The end results are vast different. You will soon understand! By then you are a Master. You are the next Gartley, Elliot, and …
Have fun!
Let’s go back and see some of the example we did just recently. Apple, and Wynn, of course Alibaba.
Apple Inc Weekly Stock Chart
Bullish? Bearish? You decide! I am serious. You are the one determine the market price. I mean you are one of them. The week started out bearish, in referenece to the last high. If you sell anywhere below the last high. as long as the price stay below the last high. You are correct.
September 19, 2016 Apple Inc Weekly Chart
But, the week is still young. This is only Monday. By Friday, the situation might be very different. Be aware.
Added the dates for the bars, so it is much easier to read. Have fun!
Apple Inc Weekly Chart with Dates
September 19, 2016 Apple Inc Chart
Moses US Stock Analysis
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