@Insider1983 Apologies for the delayed reply, been busy + wanted to give a proper answer. Firstly: I have never read a book on TA. For me, it's like how they say the best way to learn chess is to watch great chess players. You can learn a lot watching people, trying to see what they see and even watching the tape - how a ticker you're interested in moves. "TA" is simply: A tool to try & understand what buyers & sellers are doing (or likely doing) within the auction; to try and anticipate where price is likely to go. Trading is all probability and risk management. You're trying to gain an edge to tilt probability in your favor. You'll find experienced, consistently profitable traders better understand the mechanics & fundamentals behind these chart patterns. Some people toss around "cup & handle" (goes up), "head & shoulders" (goes down), "under DTL, failed at resistance", etc without REALLY understanding what's going on. I'll thread a post with a recent example, to explain..
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@Insider1983 Here is $PRVB that I'd posted on and traded recently. It's hard (and time consuming!) to fully explain what I see on a ticker, given StockTwits is a short-message format. For ST, it can be easier to post a chart, mark out the "cup & handle" & people can see some key areas to watch. This is the same chart I'd posted + extra notes around things that said (to me) it was setting up for a move higher. Most of these things I see by eye but that comes with repetition and experience. I'll use it as an example as it was so clean and gave opportunities for very short-term traders, to a swing that could have lasted up to a month & a half (more if you're still holding some, looking for more). There were long signals, progressively lining up and buys adds could be anywhere from (say) 7.10, 8.80, 9.75, or 12.15+. You can see the primary target of ~14 (shaded). This would return anywhere from a double (high risk), to 50-65% (adds) to 15% (just the last swing) $STUDY
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