Can you draw the 4th buying opportunity?

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Like a baby who learns to crawl. He crawls a little , sit up and rest and continue. As he struggles to move forward, maybe he fumbled a little, falls down , cries a little. The mother encouraged him to try again. A while later, he forgot about the fall and he crawls again. And again. And again. This repetitive action will continue to play in his mind subconsciously till he get it and become good at it. So much so, when he crawls again, it is easy and fun to do so. He does not need to stop and think , left hand forward, right leg forward then right hand forward, right leg forward. He does it automatically.

In plotting chart as part of trading, it is the same. The first few times, you spent so much time on it , toggle between weekly and 1H , getting lost in the world of indicators and comparing this pair with that to see if they are co-related. You become excited when you see a pattern, then you debate with yourself , draw conclusion to it. You confirm your answers with those who are more experienced in the forum or you go seek answers in the library. That is how knowledge is gained and skill gets improved. The hard work cannot be discounted.

If you think attending a 3 day course is going to make you a millionaire, then I am afraid you are going to be sorely disappointed. And I am sure none of the trainers or gurus out there are brave enough to give you such promise. A lot really depends on you.

And because it is self learn more so that attending schools where there is a fixed schedule for you to follow, many aspiring traders started with lots of passion initially but their enthusiasm died down after they made some losses or find it too technical or difficult to understand.

How complex you want your chart to be is really up to you. Or you can make it as clean as you want, it is also up to you. Let not the external world influence you too much to the extent you forget you have your own opinion about things. Like I said, so long as you can make money with your chart, that is sufficient.

There is no need to compare with others if they are using the same as yours or you feel left out using an outdated indicator or not knowing much about the global economy. You pick up little by little through studying the news, drawing the patterns, etc. It takes time.

So, let this be your homework, go draw the 4th buying opportunity if you can identify it. Better still, if you think otherwise, maybe a shorting opportunity coming up, attach your chart in the comments section as well. Only by practising can you really improve your results. Believe in yourself coz I believe in each and every one of you. You have the potential to be a good ,profitable trader !
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Praise the Lord, those who long even on the 4th buying opportunity would make some money. Of course, those who longed at the 1st buying opportunity would make much more, haha. Congrats to all !
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Go ahed and draw the wedge pattern and await for the breakout to continue buying
Chart PatternsTrend Analysis

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