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.

Comments

Popular posts from this blog

समय - भरना या खाली करना

Chopchini Tasted... Enlightment begins