1β£ The things that I look for are:
(a) the long-term trend,
(b) the current chart pattern, and
(c) picking a good spot to buy or sell. If you want to read the behaviour of the market, ask yourselfβ¦
(a) Whatβs the long-term trend?
(b) If any chart pattern is forming? #trading
(c) Finding areas of value?
(d) Whoβs more powerful, buyers or sellers?
Personally for me I trade like to trade bullish continuation patterns like Flags, Ascending Triangle, Rectangles, Penants, Falling Wedge in an already established uptrend.
Example: α΄Ι΄x α΄α΄α΄α΄Κ
(A) Nifty Metal is in an established uptrend for some time now.
(B) The sector had then pulled back and was in a range.
(C) Nifty Metal has formed a cup & handle pattern and broke out of a CTL on 11th June, which confirms the continuation of uptrend.