After looking at the market for a while I
couldn’t find any trend that I like. Today, before market close I
decided to place 2 swing trades; $XELA and $AAOI.
Let’s see what happens tomorrow morning or during the day.
new strategy takes advantage of the low risk and bull trending stocks
and the end of the day. There still going to be after hour traders
reading the trends and potentially keep moving the stock higher.
Candlestick charts are a technical tool that pack data for multiple time frames into single price bars. This makes them more useful than traditional open-high, low-close bars (OHLC) or simple lines that connect the dots of closing prices. Candlesticks build patterns that predict price direction once completed. Proper color coding adds depth to this colorful technical tool, which dates back to 18th century Japanese rice traders.
Study these pattern to learn when to start looking at the potential
resistance or support levels indicated by a retracement Fibonacci scale.