Wednesday, November 21, 2007
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What is PRD?
If you elaborate PRD it means positive range divergence. In PRD there will be a pull back,and the pull back candlesticks will smaller in size & volume will decrease as well. So when you see a pull back with coperatively lower volume and small candlesticks you have to be ready to jump in when you will see two confermation, number one: last red or green candle is it a reversal candle ,if it is number one is right. number two is volume , volume will start to increase if the trend started to go up or down.
If you elaborate PRD it means positive range divergence. In PRD there will be a pull back,and the pull back candlesticks will smaller in size & volume will decrease as well. So when you see a pull back with coperatively lower volume and small candlesticks you have to be ready to jump in when you will see two confermation, number one: last red or green candle is it a reversal candle ,if it is number one is right. number two is volume , volume will start to increase if the trend started to go up or down.
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