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To: Sun Tzu who wrote (8787)9/16/2024 3:50:09 PM
From: Sun Tzu1 Recommendation

Recommended By
toccodolce

  Respond to of 10547
 
PFE in action.
As I said, the red line is where sellers come in. So if you bought PFE today, somewhere in you risk/reward calculations should have been today's high which mapped to the red line.

However, and this is where your skills come in, PFE may make it to the next red line above (as I suspect it will). And once it breaks above that dotted green line above it, a sea change is in effect.

This is how the algo tries to help you.