FCPS video (trends, follow through, price confirmation, Fibs)
All information contained in this video post is intended for Fitzstock Charts Premium Service subscribers only and is strictly prohibited from being distributed to anyone else.
FCPS video (trends, follow through, price confirmation, Fibs)
All information contained in this video post is intended for Fitzstock Charts Premium Service subscribers only and is strictly prohibited from being distributed to anyone else.
David,
I really enjoy your videos. One question, at 2:05 you describe if price came down a little further, trend would be eliminated. What constitutes that? A break of the previous day’s Low?
“trend would be eliminated if PRICE went back below the 10sma”
If we closed back below the 10sma, the “trend” would have been eliminated (and we would have to wait for price confirmation of the new trend)