In this video, I take a closer look at Tesla (NASDAQ:TSLA) on the 5-minute chart on a day filled with volume price lessons as the stock headed south throughout the session.
I’ve chosen Tesla for this example, but the volume price analysis methodology can be applied to any instrument and in any timeframe. It is the foundation stone on which everything else is built, and it answers that single question we all want to be answered: ‘ Where is the market heading next.’
In this video, I walk you through some of the basic principles of the approach, and from this, we can answer this question with confidence, which is why so many of my students have transformed their results with my gentle guidance and encouragement. It takes time to learn, but once learned it is a skill you will have for life and one which can be passed on to your children and your children’s children.
Founded on the work of Richard Wyckoff, the logic it reveals is inescapable, as you will see from this video. It is an approach that is simple, straightforward, logical, and powerful, and the first time you apply this knowledge and witness the price action duly move in the direction you anticipated from your analysis, it will be life-changing.