Chart Basics and Price Action: Video 02B Flashcards
1
Q
What does Volume Divergence lead to?
A
A rally. Market has to go higher for sellers to be willing to sell. Everyone is happy to buy, but no one is willing to sell. Slide 4
2
Q
Three pushes down is a …
A
Wedge Bottom (Slide 4)
3
Q
What matters most with news?
A
Reaction to the news is all that matters. News is useless, Price is truth. (Slide 14)
