/biz/ - Business & Finance

>>25298098
forgot the daily chart

A note on charts btw:

I have studied TA for literally hundreds of hours. read dozens of books, probably over 100, popular and niche, ran thousands of backtests on thousands of strategies, and in all my research i have learned that 99%+ of all the technical analysis tools available to retail are complete bullshit.

The most valuable thing i have found, are the long term EMA's. The 200,150,100. These are just telling us the average price, with more weighting to recent movements, making them more relevant.

When the EMA's are ascending(200,150,100), its bullish, when they're descending(100,150,200) its bearish.

You want to buying when the EMA's are ascending, but the price is not too high above them. You also obviously want the fundamentals to align with what you're seeing on the chart, to confirm the price action is correct.

This is the single most valuable thing i've learned and has allowed me to time purchases perfectly, and avoid big tops and falling knives.