it is not use ful,because it is against the basic rule,buying in weakness is not a job of good trader,when one buying in weakness he is not with the trend,and when he buy on strength he is with the trend,and money made by go with the trend,simple
DSKF16
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@rupambose32, You may give your View, but there is no Thumb Rule where to BUY / Enter & also in one day +2 - 5% sudden jerk does not mean Trend is UP or reversed. If you VOTE so Called "BREAKOUT", failure rate is more than 50%.
I have mentioned where to BUY / Enter. Many of the Time We Used "SUPPORT"- What it means, Can we say it is weakness of a TREND or Best Buy / Entry point?
UnknownUnicorn646072
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@DSKF16, going with the trend is the basic rule,all world belive it,you are telling a different thing,god bless you thank you
DSKF16
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@rupambose32, Weak does not Mean DN Trend. To jump a distance you have to back some Step. In stock market one important theory is DOW Theory, having 3 WAVE, in UP trend WAVE-2 is DN, Intelligent investor Enter in End of WAVE-2, in EW Theory in Up trending impulsive wave Waave-2, 4 are DN, in similar fashion Intelligent investor Enter in End of WAVE-2, & WAVE-4, & i mean it. Finally Analysis Does not mean Drawing a line & a Typing a word "SUPPORT" or "RESISTANCE".
An investor must know What Support means.
Imprimus
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@DSKF16, Exactly, i was about to mention that weakness you are referring is actually a correction can be 2nd or 4th wave or b wave according to EW. So, in short understand impulsive move vs corrective move and take chances opposite to corrective move, higher chance are of winning.
@DSKF16 , I think the 4th point in left panel should be, cut winners short and let the losses run, as most of the (novice) trades, stick to their losing position, hoping and praying to get even, and when one trade goes in their favor, they quickly book profit, in panic.