A lack of evidence often accompanies poor trades. Trading with insufficient evidence leads to increased outcome variability due to omitting various crucial circumstances. What comes next? Excessive variability hinders the development of reliable and consistent trading strategies. But it also takes an emotional toll. This lack of evidence fuels indecision and anxiety during trades, making an already challenging endeavour even more demanding.
When the price fails to break a playing field boundary - it often reverses. It's an incredibly reliable trade strategy if you're stacking evidence multiples. As such it serves as a third point of evidence. 4. When sellers and buyers go head to head and sellers are the victors - sellers are 'offering the market lower'. When this occurs below a proprietary calculation - the Pre-Pro Low™ - it provides additional evidence supporting price moving lower. 5.
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Source: CNBC - 🏆 12. / 72 Read more »