TLS 0.76% $3.92 telstra group limited

I will just pick you up on one thing that will make your...

  1. 2,010 Posts.
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    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.
 
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