Hi, while working on my system and trying out a few thing and tuning indicators etc I wondered if I could trade at all with out the support/handicap (depends on ur point of view) of indicators. Pure Price Action. At the most trend lines on the price chart.
So I thought to start an experiment where I try to trade on pure price action and no indicators. Won't be easy but no pain no gain.
So here is my first pick. BSL.
It held its support line and today it broke out of its wedge. The smart ones would have picked it at $10.00, but hindsight is such a b1tch
The question is : Has the next upside price wave started ? What would confirm it ?
The volume in the last two days has been average so will it support the rising SP ?