The Stock market overall is VERY extended
You might hear this term being used a lot these days.
For beginners, it could be a confusing thing.
In trading we like to time our entries. We don't want to buy something when its "too expensive"
In Chart terms, an expensive stock is one that has trend strongly for a period of time and showing signs of Exchaustion or Reversal
In this video I try to explain what makes a chart an "extended" or "Over Priced Stock"...
I use my Indicators and Chart pattern to answer this question.
Let's see how!!!
You might hear this term being used a lot these days.
For beginners, it could be a confusing thing.
In trading we like to time our entries. We don't want to buy something when its "too expensive"
In Chart terms, an expensive stock is one that has trend strongly for a period of time and showing signs of Exchaustion or Reversal
In this video I try to explain what makes a chart an "extended" or "Over Priced Stock"...
I use my Indicators and Chart pattern to answer this question.
Let's see how!!!
Nota
**You can CREATE an OBJECTIVE Rule based on this Analysis**When I look for a Setup 1 (a breakout into Wave 5 on the Daily Chart) ... I want it to be within the first or 2nd pullback on the Weekly Chart
Hope this makes sense! does it?
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To get our premium tools visit: itradeaims.net
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.