HOW-TO Know This Chart Is EXTENDED?

2021년 2월 11일

The Stock market overall is VERY extended

You might hear this term being used a lot these days.

For beginners, it could be a confusing thing.

In trading we like to time our entries. We don't want to buy something when its "too expensive"

In Chart terms, an expensive stock is one that has trend strongly for a period of time and showing signs of Exchaustion or Reversal

In this video I try to explain what makes a chart an "extended" or "Over Priced Stock"...

I use my Indicators and Chart pattern to answer this question.

Let's see how!!!

2021년 2월 11일

노트

**You can CREATE an OBJECTIVE Rule based on this Analysis**
When I look for a Setup 1 (a breakout into Wave 5 on the Daily Chart) ... I want it to be within the first or 2nd pullback on the Weekly Chart
Hope this makes sense! does it?