@CitadelOfRicks
Learning to trade
Hi guys. This is my first post, I'm doing some TA here to figure out what is going on. This chart looks like traders are waiting to buy, perhaps on Sunday. It is just the MACD and the Bollinger bands, and two lines connecting the recent tops and bottoms. The fact that all these three seem to be in a good position to find a low gives me hope for my trade.
What do you think? Is there another tool I could use on this occasion? As my title suggests I am a beginner in trading and I'm trying to familiarize myself with various tools. I don't want to make mistakes and reach the wrong conclusion. Is this a good entry?
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