DislikedEveryone that answered 'Price Action' in this thread.. I sincerely hope you're not trading live. {image}Ignored
as opposed to following lagging indicators. To me its price action and one moving average on any time frame . Lets say ema(13) and price. Like a rubber band price will go back and forth from that average. If price action doesn't change the direction of a moving average at the crossover or one day after of crossover. Then direction is still heading in the same direction previous to the crossover. If price remounts above or below with previous direction trend then IMHO its a good place to buy in. Just saying ! (Edit- Volume. See the BAC chart below. Say from october 2016 on and on up days the big volume are way above the down days. To me that's the traders taking new positions because they don't want to get stranded at the station.