Traffic Lights
What I learnt from traffic lights?
It was a pleasant day at office and I was commuting to home.
In my mind, I was playing charts and recalling the trading screen. I stopped on traffic lights and there was enough time of around 1.5 minute on my side. Opposite side traffic is also halted.
Suddenly, I see movement in the opposite side traffic, their traffic light signal might be turning "Green". The two-wheelers started in the first gear, followed by small cars and instantly a massive traffic just passed through my opposite side.
Now, imaging this on trading charts.
Price is halted zig-zag within a range from a long-time, then, suddenly you see small green candles joining up making little-little higher low than previous candle. Then, suddenly you see a BIG LONG green candle which indicates BREAKOUT of the range and eventually, everyone (all traffic) joins it, making the price moving higher & higher.
Traffic Light Breakout.
It was a pleasant day at office and I was commuting to home.
In my mind, I was playing charts and recalling the trading screen. I stopped on traffic lights and there was enough time of around 1.5 minute on my side. Opposite side traffic is also halted.
Suddenly, I see movement in the opposite side traffic, their traffic light signal might be turning "Green". The two-wheelers started in the first gear, followed by small cars and instantly a massive traffic just passed through my opposite side.
Now, imaging this on trading charts.
Price is halted zig-zag within a range from a long-time, then, suddenly you see small green candles joining up making little-little higher low than previous candle. Then, suddenly you see a BIG LONG green candle which indicates BREAKOUT of the range and eventually, everyone (all traffic) joins it, making the price moving higher & higher.
Traffic Light Breakout.
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