Where people attempt longs/shorts is where people take profit.
Where people take profit is where people attempt longs/shorts.
Let that sink in.
In purple, I marked what other people might be thinking:
- "I'm taking profit because I expect price to reverse"
they took profit and that level was used by someone else to attempt a long.
- price went up, someone attempted a long, another person took profit, yet another took profit on the down candles where the previous two long attempts were made.
Now the longs are at square 1, there is a green candle, what are they thinking? attempt a long? right?
- strong green candle. . ."take profit!" . . .black bars then gut check the ballsy bulls.
Do you see what I'm saying. . .
Where people attempt longs/shorts is where people take profit.
Where people take profit is where people attempt longs/shorts.
Patterns (attempt areas and profit taking)
Breakouts (gut checking ballsy bulls/bears)
There is nothing else, no YouTube videos required, just think through your trades!
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