The price cleanly breaks above a downward trendline (or below an upward trendline).
Are you a short-term or a long-term swing investor ? Share public link The price cleanly breaks above a downward trendline
: The first leg is driven by smart money. The second leg occurs as the public catches on. The third leg is pure, emotional euphoria or panic. The second leg occurs as the public catches on
This failure is a massive bearish signal. Trader Vic’s rule dictates entering a short position the moment the price slips back below the original high point, placing a tight stop-loss just above the new, failed peak. 4. The Three-Times-Up (or Down) Rule Trader Vic’s rule dictates entering a short position
, is considered essential reading for integrating technical analysis, risk management, and market psychology into a cohesive "business philosophy" for trading. Core Trading Philosophy: The Three Pillars
He focuses on how Fed policies (interest rates, money supply) influence liquidity and market direction.
