I don't master this subject, I don't have much to write about it, so this will be short.
This is how trends work in life, and there are real people that get paid to study this:
The people that study crowds compare behavior to sheep a lot. Talking about sheep do you know these guys came up with mecanical sheep that they can activate (run in a direction) to move...
Hello !
Key points :
Triple bottom pattern (laws of mass psychology, in my opinion a very reliable pattern)
Support held despite high volume
Indecision rises even though overall market turmoil ( relative strength )
Rising volume compared to the previous trading session
I usually never wait for the breakout when trading double or triple bottoms. I tend to...