Segments are the building blocks of charting stock prices, the smallest ups and downs.
3 segments make up 1 set because they visually share similarities in their formation.
Sentence: I am going up
Takeaway: In this example, notice that my greens are weakening while my reds are staying relatively strong. Look out of potential stronger rejections (bearish signal)
Sentence: I am going down
Takeaway: In this example, notice that my reds are getting stronger while my greens are staying relatively weak. Look out for potential stronger rejections (bearish signal)
Sentence: I am wavering.
Takeaway: In this example, notice that my greens are weakening while my reds are slightly weakening with tails rejecting price drops. Look out for potential weaker rejections (bullish signal)
Sentence: I went up and came back down.
Takeaway: In this example, notice that red is overpowering green, lookout for potential stronger rejections (bearish signal)
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