The Effect of Technical and Fundamental
Traders
Position Trading support and
resistance is caused
by the effect of Technical and Fundamental Traders in the stock. A “compression” pattern is a new candlestick
pattern where a group of candles indicate that the stock is poised for a sudden
move, often a breakaway gap. The compression pattern is one of the most reliable
and lowest risk entries for the automated market and is ideal for Position
Trading.
The candlestick chart example below with daily view shows a compression pattern, with the entry before the breakaway gap...Read the full article here: http://goo.gl/jpLtsV
The candlestick chart example below with daily view shows a compression pattern, with the entry before the breakaway gap...Read the full article here: http://goo.gl/jpLtsV
Trade Wisely,
Martha Stokes CMT
Chartered Market Technician
Instructor & Developer of TechniTrader Stock & Option Courses
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