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Fundamental inventory choices I’ve been training with are TSLA, SPY, and QQQ.
I’m actually battling having the ability to work out when a inventory goes to maintain transferring upward vs an entire reversal the place it simply continues to go down.
For instance from right this moment I. The SPY chart, that I’ve seen occur many related occasions with out information breaking although, it’s going up and retains transferring up.
You would possibly see a pair crimson candles. Possibly it drops down a bit over a number of candles, after which it is going to return up and break the earlier excessive.
Then different occasions it is going to drop and carry on dropping. And never attain again to that top degree.
My challenge is that I can’t inform when it’s going to reverse a bit after which return up vs when it is going to proceed to maintain dropping.
Particularly when it will get uneven and drops all of a sudden, then rises all of a sudden. Or appears to be trending again up solely to drop rather a lot all of a sudden in a single candle.
I’ve VWAP, EMA’s, quantity, and RSI. That are serving to me in recognizing longer developments. However once more it looks as if they’ll have false negatives nearly. Just like the ema’s will cross or begin crossing just for them to reverse and do the other. Or the rsi begins trending down solely to reverse all of a sudden.
So many YouTube movies seem to be scammy cons attempting to get you to join their programs.
Can anybody level me within the path of dependable info in easy methods to enhance on this space of my buying and selling?
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