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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Sun Tzu who wrote (84205)	2/12/2024 11:35:04 AM
From: Sun Tzu	1 Recommendation Recommended By ajtj99 Respond to of 97950

Same interplay of trend, momentum, and context on TSLA. At the markers, TSLA is a sell/buy/sell (and potentially a buy at the final bar). And the reason is that the ducks are lined up at these points. The price is below/above the trend. The primary indicator is coming out of overbought/oversold, and the context is aligned with the primary. What I often do is to use a longer timeframe (typically 30 minutes to 4hr) for the positioning, and a lower timeframe for the entry. In both cases the mechanism is the same - alignment of price/trend/momentum/context.