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Hi Patterns, thanks for the charts. As a layman with no...

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Sim2021

3 Posts.

13/09/22

20:52

Post #: 63680599
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Originally posted by Patterns: ↑

There are a few good ways to exit and the trick is to pick the one most suited to you. Firstly, if you draw a line under every green candle and get out when price drops below the line you would be out now. If you went by the wicks of the candles changing from green upper wick to indecisive candle with a lower wick to red candle with a lower wick you would get out at the open tomorrow. Another option is to stay long until there is a close beneath the 8wma and in this scenario you would stay in until there was a close below the 8wma. Pick the one that suits your own personality and trading style as all three are valid exit places.

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Hi Patterns, thanks for the charts. As a layman with no understanding of the charts I tried to decipher them and came undone . Right now my loss is too high so getting out tomorrow is probably not a wise move now trying to read your charts what’s the next price target.

your guidance would be kindly appreciated
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