I believe that successful trading strategies rely heavily upon identifying consolidation zones. Consolidation zones provide us the right direction of the market. Consolidation happens when a market move sharply upside or downside. Later, a trader can use these consolidation zones to identify patterns, whether it be a continuation or reversal.
It requires attention and care. Rather than turning out to be a factory of producing signals, it is better to sit down and look for a setup. Setups are important because we are planning a trade and execute them on time. If you fail to plan a setup, then you are planning to fail.
Another advantage of trade setup is that we know where to get out and the right time to go in. Know the market. Study the price movements and make your trades.
My charts use price movements, patterns, structures and indicators such as moving averages and oscillators. Trading intelligence is combining multiple knowledge to produce a favorable trade setup and plans.
Callon Petroleum Company (CPE), a part of Basic Materials sector and belongs to Independent Oil & Gas industry; ended its day with loss -1.98% and finalized at the price of $12.36. During its last trading session, Stock traded with the total exchanged volume of 2.86 million shares. The average volume stands around 5.36 million shares.
It requires attention and care. Rather than turning out to be a factory of producing signals, it is better to sit down and look for a setup. Setups are important because we are planning a trade and execute them on time. If you fail to plan a setup, then you are planning to fail.
Another advantage of trade setup is that we know where to get out and the right time to go in. Know the market. Study the price movements and make your trades.
My charts use price movements, patterns, structures and indicators such as moving averages and oscillators. Trading intelligence is combining multiple knowledge to produce a favorable trade setup and plans.
Callon Petroleum Company (CPE), a part of Basic Materials sector and belongs to Independent Oil & Gas industry; ended its day with loss -1.98% and finalized at the price of $12.36. During its last trading session, Stock traded with the total exchanged volume of 2.86 million shares. The average volume stands around 5.36 million shares.
Ordre annulé:
It did not break out. Instead, it broke down to the level of the pole, which is above 90 percentage of retracement.