Thread by @billc062

$WTK What pattern is this? Anyone know?

And what do you understand about "volume dry up"?

I posted an archive of past winning charts for all to study and this pattern is well explained by Greg Duncan.

This is a #TA lesson in the importance of looking at bases and volume together. What do you notice about volatility and what does decreasing volume say about buyers and sellers?

Here is the archive again: docs.google.com/document/d/1n4…

What I will say about volume dry up is that there comes a point when bears turn into bulls. But how do you detect when this occurs exactly? Is there A POINT when this happens where you'd want to be at the PROPER ENTRY, JUST LIKE THE HAMMER I CHASED?

When is this? #TA $WTK

We will come back to this point. What I suspect is that that everyone, including myself, will be caught off guard.

#TA $WTK

$WTK When will this point materialize? I don't know. I can only observe.

“All a person needs to do is observe what the market is telling him and evaluate it.”
― Jesse Livermore, How to Trade in Stocks