I won’t include a chart with this post but rather to say that today’s bullish bar (22/09) with SUN if we see a close on it’s high is what I will call a SOSB ( sign of strength bar). One may compare this with the SOWB ( sign of weakness bar) made on 18/07. Bar of 18/07 signalled the end of the up move which brought SUN to it’s most recent lows. If the low of today’s bar is respected ( in time we will know) it would be the exact opposite of the bar made on 18/07. Food for thought !
Demonstration of SOWB and SOSB is the aim of this post. One may pay lots of $$ to some of those so called TA courses on offer and wouldn’t probably learn this sort of important changes in behaviour of the market participants. Recognise change and respect change is what I have learnt.
Disclosure : SUN held.
Enjoy your weekend and thanks to those friends keeping in touch.
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