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Here is one I've been trading in and out of downtrends. Due for...

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StuANZ2019

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25/02/24

12:54

Post #: 72582945
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Originally posted by Ibza: ↑

Bots
I used to wonder about bot activity and have previously tried analysing it, but I don't really these days. It's because with TA you can generally determine a buy and sell price. If you stick to those TA ascertained prices then you're not fussed about bots, instos and others.

There is one bot signal which still makes me wary. It's where the last executed trade for the day has a volume of 1. It's quite often followed by downward share price movement. This is more mysticism than anything substantial, because that trade of 1 volume has occurred when the share price is in an uptrend too. When I see it though I kind of curse under my breath, hehe.

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My top favourites would be;
1. a break of a downtrend line or consolidation period
2. A good fibonacci level such as 61.8% retracement, or whatever the chart shows should happen.
3. after a previous chart pattern has finished and signs of a new pattern\phase has commenced

This is all in combination with other TA and what the chart shows.

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Here is one I've been trading in and out of downtrends. Due for another pop from downtrend and recent double bottom.
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