General Trading Chat

XRAY27

Well-Known Member
xray27,
If there is ihs, breakout above that will be an entry or should wait for a minor pivot to be formed above neckline and then go for long entry above that minor pvt, please explain about volume supported for this ihs formation.

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vishnu_1990v
The most important moment for volume occurs on the advance from the low of the right shoulder. For a breakout to be considered valid, there needs to be an expansion of volume on the advance and during the breakout.

Read following for better understanding

Technical analysis of stock trends- Edwards and Magee
 
Major world markets (incl SGX) are in red
But NF/BNF charts indicating otherwise, I mean, indicating a gap up open tomorrow.
NF at/around 7900
BNF at/around 16950-70

Anyone with me or in my support :D
Didnt open, as anticipated
 

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