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- The worst place to trade is in the middle of a trading channel.
- Not surprisingly, this is the place where most retailers love to action.
- Looking at the chart above, a better trading price to buy is around RM8, i.e. the low of the downward channel.
- Trading at this price will also reduce price risk (refer to previous post)
- The probability of it going to RM9.30 (from current price) is there, albeit low
- David Weis, a master of Wyckoffian method, would call this as ‘fishing around the edges’.