, 6 tweets, 3 min read Read on Twitter
#PriceAction learning quiz:

This stock is in strong Uptrend. If you have to take a fresh position what will you do? Answer all 4.

1) Will you go Long/short?
2) Share the reason for your decision
3) At what price will you go long/short?
3) What would be your SL?

Please explain your answer in 1 single post & answer all 4 questions together. Dont split your answers in multiple posts. I wont be able to respond to split posts. This applies to all future quiz posts from me. Let's go organized please.
Great to see active participation. Questions to ask yourself -
1) Will U short now or will wait for price confirmation?
2) At what point will U call that it failed to make HH?
3) Do U C signs of distributions?
4) Did it close below EMA21 with higher momentum yet?

This was a classic case of distribution. Notice the following:
1. Yellow circles - Good momentum on rising candles & small red candles. Price not even touching EMA21
2. Orange circles - Increasing momentum on down candles, more down candles than up
3. Red Circles - Price flattening, more down candles than up, more wicks on upper side, price closed below EMA21 & bounced but unable to sustain higher levels & coming back to EMA21. U shd be cautious in going long & look for short opportunities below recent low. #TradeWithPAL
Retweet to expand the learning to wider audience. I am happy to learn more from others views to improve my trading. I will share more such examples in coming days to make the #PriceAction learning simple, interactive & meaningful.

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