Hey Lingtiloquist
Can you help me understand bases please?
Ive been trying to follow along and I can identify bases from previous dips and bounces, its easy from the past but I am having a very hard time finding and identifying bases on a live chart from the most current part of the chart.
I try to see if I can predict and identify it but it never works out how It should.
Could you help me at all?
I don't think you should try to predict anything. Let the chart develop and establish bases once they are in place. The bigger the bounce the more safe the base is. It also probably helps if the price rebounds more than once from the level.
👆💯👍...couldn't have said it any better myself.