In today’s episode we will resume with the topic of support and resistance, supply and demand, and merge those with trends, and repeat some of what we learned so far in this series.
We already discussed about trends and trend lines a couple of weeks ago, so You are already aware that a trend is the kind of price action that is going to make you money. You will buy at some price, say $10, the price will trend upwards, 11, 12, 13, 14 and you will sell for a profit at $15, as an example. Or you sell short at 100, the price will trend downwards 99, 98, 97, 96 and you will buy to cover at 95 and make money. That’s easy, right?
Today we have again talked about volume. The analysis of Volume is one of the foundations and corner stones in price action trading. In the next episode we will go through the basics of volume analysis. It is going to be important for you to know and understand, so please make sure you subscribe so you get access to the next Episode.