How to Use Price Action to Trade New Trends
Trends can be difficult to time but price action has a number of tools that traders can use towards that effort.
Source: dailyfx.com
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Stocks for day trading: Day trading guide: 2 stock recommendations for Friday
Aditya Agarwala, YES Securities Benchmark indices snapped three days of gains to shut shop in the red, down by 1%. Further, it failed to sustain beyond the 78.6% Fibonacci retracement level placed at 15,225 and the intermediate support at 15,175 leading to deeper corrections in the second half of the trading session. On the downside, immediate support is at the 20-DMA, placed at 15,000 levels below which the selling pressure will intensify, dragging the index lower to levels of 14,870-14,775. RSI on a shorter time frame has turned downwards after forming a negative divergence, suggesting su...
Source: indiatimes.com