So yeah, I know I am asking something that is impossible, but still I like to get some ideas from everyone on what methods do you kinda of use to predict is the stock will likely ranging or actually develope some kind of the trends for the day or not? It doesn’t matter if it trends green or red as long as there are actual pattern developed and a reasonable continuation of candle formation.
So instead of just asking, I’ll offer one of my methods. I go into daily and look at price action to see if the stock have history of trending or choppy action and I also see where the price is at now to see if its ranging or trending. On the daily pattern if its trending then the intraday also like to trend, same goes or daily ranging patterns. This works to some degree but not often.
I kind of have glimpse of some other methods that people mention before and unable to find a useful pattern, for example volumle profile, max pain, option gamma exposure, elliot wave and Wyckoff Method etc
If you have any ideas please let me know.
submitted by /u/sanblvd to r/Daytrading
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