Buying a breakout can be a challenge especially if you are not used to seeing one.
When you look at this chart you can see that the price is near the overbought area on the trend strength.
It is this kind of reading that can force someone, or analysts to think the stock market is going to crash, in fact based on this trend strength it is supposed to crash.
But what is keeping this market going? who is pumping money into the markets?
There is a lot of conspiracy theories, that we can dive into but thats not what this article is about... this article is about technical analysis.
Now according to technical analysis, the price is above the 50 MA
also, the 200 MA is below the 50 MA, this analysis means this price is in an uptrend.
This is called the Rocket Booster Strategy
To learn more Rocket Boost this content
also, notice that the power of the bulls is very high
what colour in the above indicator represents the bull power?
That is the key to trend strength.
Remember to Rocket boost this content to learn more.
Disclaimer: Trading is risky you will lose money whether you like it or not, please learn risk management.
When you look at this chart you can see that the price is near the overbought area on the trend strength.
It is this kind of reading that can force someone, or analysts to think the stock market is going to crash, in fact based on this trend strength it is supposed to crash.
But what is keeping this market going? who is pumping money into the markets?
There is a lot of conspiracy theories, that we can dive into but thats not what this article is about... this article is about technical analysis.
Now according to technical analysis, the price is above the 50 MA
also, the 200 MA is below the 50 MA, this analysis means this price is in an uptrend.
This is called the Rocket Booster Strategy
To learn more Rocket Boost this content
also, notice that the power of the bulls is very high
what colour in the above indicator represents the bull power?
That is the key to trend strength.
Remember to Rocket boost this content to learn more.
Disclaimer: Trading is risky you will lose money whether you like it or not, please learn risk management.
