I will just pick you up on one thing that will make your analysis clearer. It is not about being right or wrong. It is about the odds of one thing happening over another. Say you think it goes to $2.80. So you put an order in to buy at 2.81. What if it breaks then below $2.50 what do you do?
If it does not get to $2.80 but trades to $5.00 what happens then. Probably nothing you did not buy. So TA is about levels. Levels to buy levels to sell. But the other part of TA is evaluating what is most likely to happen. Then you can create a plan. TA patterns studied can give you an idea of what is likely to happen next and therein lies its value. It is NEVER about being right or wrong.
TLS chart, page-1480
-
- There are more pages in this discussion • 353 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add TLS (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$3.97 |
Change
0.005(0.13%) |
Mkt cap ! $45.63B | |||
| Open | High | Low | Value | Volume |
| $3.95 | $3.98 | $3.94 | $15.02M | 3.795M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 98 | 320080 | $3.96 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.97 | 180210 | 38 |
View Market Depth
| Last trade - 12.21pm 19/08/2024 (20 minute delay) ? |
| TLS (ASX) Chart |