“I can calculate the motion of heavenly bodies, but not the madness of people.”...Issac Newton
All Charts cannot be analyzed. There are times when charts just give no message on what they intend to do and as a Price Action watcher, one should be honest to accept that.
Let me give you one illustration
Nobody knows what stock will do next. For last many days, weeks and months - the stock has been all over the place with no clear trend and direction. This is the behavior of the stock and it will remain so till the stock changes its behavior for good. Right now, it's trendless stock with no clear pattern
Science of Stock Price Action New Tool - FOCUS LIST
In Financial market - the most important thing is to stick to text book patterns. It is with this objective - I am starting a new weekend section called THE FOCUS LIST. The idea is to share list of stocks that appear interesting on charts and have formed text book patterns as explained in Science of Stock Price Action. The list will help in accelerated learning of the Price Action concepts.
Science of Stock Price Action is a training course designed to help you understand the price action mechanics with Live case studies and real life applications. It's not a recommendation service but help one understand this fascinating world of how price action results in a sustained trend.
Do you want to Learn Science of Stock Price Action with more Live case studies covering Indian and Global stocks - www.smarketpremium.com
Disclaimer – The state of the market notes is Deepak’s perspective on the market. The column is purely for educational purpose. Nothing contained herein is a solicitation to trade or a recommendation of a specific trade. By reading this publication you agree to make no trade relying in whole or in part on the comments of the writers
The blogpost is purely for educational purpose.