the red is resistance ….market will test blue zone you could enter there.. can you find out why I am saying it will test there? IMO
There is also a good wedge top trade in simplemelikes chart. Can anyone draw it and say why it is a good trade? Would you explain your reasoning for going long at this green arrow?
Yes, after hours, plus there is alot of resistance there, I was just hoping for some fancy breakout. But I take what I can get.
Well, I use to the 1 minute chart to manage the trade once I am to ride a winner. I try to give it room to run, sometimes it run, sometimes it dont and I take minor profit or breakeven +1 tick. I have an alarm set, if breakout near the green box to go long again. The reversal here does looking tempting, but I'm still learning the reversal stuff. Lets see what price does here.