Breakout Trading requires identification of four elements in order to be successful:
1. Trendlines (pattern based support/resistance)
2. Price Action (overall trending direction)
3. Volume (the amount of participants)
1/5 Another market psychology tidbit:
— Sell When Over | 9000.eth (@sell9000) June 1, 2021
REVERSION TO THE MEAN
Why are moving averages so important? Remember that they are comprised of the recent mean of a period of prices, so they tend to slope up or down depending on the trend.
Donald Barr had a way with words. pic.twitter.com/JdRBwXPhJn
— Rudy Havenstein, listening to Nas all day. (@RudyHavenstein) September 17, 2020
Flat Earth conference attendees explain how they have been brainwashed by YouTube and Infowarshttps://t.co/gqZwGXPOoc
— Raw Story (@RawStory) November 18, 2018