Some years ago I do a trading course at a local gathering of traders, some advanced and some beginners such as myself. It's interesting to me that here in your 7th graph example that you have dotted the double tops and double bottoms.
This is a method I have used now quite successfully to trade since then. I have had several major "Wins" and some major "Losses" but over that time the Wins have far outnumbered the losses. Many traders over the years have recognised these markers and many good courses have been built around the successes of recognising the "Double Top" and the "Double Bottom".
Thanks for the neat example here. Well done.
Oh that's a double top and double bottom? Never knew that.. this is the only TA that made sense to me since forever, as I approached charts like a caveman who knows nothing when facing a chart..
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When I trade Kevin, I look for 2 points close to each other and at almost the same level,. Usually if I see 2 tops then I watch for a down trend and then look at where it rises, if it passes the pervious top point I wait for a 1 third past that top and then buy in. I do the reverse for two points that are on the downward trend. If the market or stock I am looking at is bouncing all over the place I leave it alone. Really not a good explanation but I found it works pretty well. I have been looking closely at the Steem graph to see if I can decipher much from that. Since I'm brand new here I'll take some time to learn it all, I'm really looking for instances where when I cash out my dollars I get the best price if that makes sense.
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