Medium humps make up a big, typically 3 to 6 of them.
If small humps are the footsteps, and medium humps are the path
then big humps are the journey.
Stock price moves forward hump by hump: segments, small humps, medium humps and big humps.
To be able to identify the top of hump and the start of its way down, is a great place to be on the look out for a bearish signal.
This chart made up of 3 medium humps that perfectly shows the progression of greens weakening and reds strengthening.
After the 3rd green, be on the lookout for a bearish signal.
Copyright © 2024 Candlestick reading - All Rights Reserved.
Powered by GoDaddy