Courtesy of Read the Ticker.
Question: Do price waves answer the Continuation or Reversal question?
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Answer: Yes when you understand Wyckoff logic, more so if you understand Richard Wyckoff law off ‘Effort vs Results’ and how it supports the Richard Wyckoff law of ‘Supply and Demand’.
AMZN price chart with waves colored (the daily price waves are the same formula as PnF wave/bar calculation below, allows sync of price action).
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Auto PnF chart from our Swing Pop out charts.
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NOTE: readtheticker.com does allow users to load objects and text on charts, however some annotations are by a free third party image tool named Paint.net
Investing Quote…
…“Losing money is the least of my troubles. A loss never troubles me after I take it. I forget it overnight. But being wrong – not taking the loss – that is what does the damage to the pocket book and to the soul.”…
Jesse Livermore
..“I buy on the assumption they could close the market the next day and not reopen it for five years” and “Much success can be attributed to inactivity. Most investors cannot resist the temptation to constantly buy and sell.”..
Warren Buffet