SPCE Virgin Galactic Broken down 7 different ways no indicators
You don't need fancy indicators, algos, AI, Bobs approval from down the street, or even that one kid who made 100k and lost it all on WKHS meme stocks, (because he doesn't know how to trade) to tell you what's going on. You don't need news or to find a lucky penny, you can even let the rabbits keep their feet. I broke this down into 7 different ways you can look at this chart. I am not even using the indicatiors I have on there.
1-3 is a break down of trend lines and how price follows breaks and comes back to an area to give you Three ways you can find a way into this stock.
(3. being the safest place to enter any trade)
4. Is using an old trend line and identifying exactly where we are today on that trend and what was the result. Does it respect the Trendline? Does it ignore it?
5. Is taking price actions new angle being formed after it has come back down to its old trendline. Drawing a upward trendline to predict the high on any given day and what to anticipate from it moving forward.
6-7. is a break down of Wyckoff methodology accompanied with the Curves Stages (My own personal brain child) paired together to give a reference as to where Institutional buying is present.
Also take note that this is done a Daily Chart which will result in better movements into the directions you are wanting to follow this into. You can do this on a 15 min chart but it will result in smaller moves.
1-3 is a break down of trend lines and how price follows breaks and comes back to an area to give you Three ways you can find a way into this stock.
(3. being the safest place to enter any trade)
4. Is using an old trend line and identifying exactly where we are today on that trend and what was the result. Does it respect the Trendline? Does it ignore it?
5. Is taking price actions new angle being formed after it has come back down to its old trendline. Drawing a upward trendline to predict the high on any given day and what to anticipate from it moving forward.
6-7. is a break down of Wyckoff methodology accompanied with the Curves Stages (My own personal brain child) paired together to give a reference as to where Institutional buying is present.
Also take note that this is done a Daily Chart which will result in better movements into the directions you are wanting to follow this into. You can do this on a 15 min chart but it will result in smaller moves.
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