This is a really good read to help get an understanding of what you are seeing when looking at charts. I’m not saying this should replace any fundamental company analysis. However, when you step back and look at longer term charts, this type of perspective can be applied with weekly, monthly, or longer term bars to help with entry and exit points or to see what the current trend looks like.
I find it a valuable piece of my process and it has improved my investing so hopefully someone else will find it useful as well.
It seems that Saul has very good intuition for this type of stuff when he reallocates around the edges of his core holdings.
Yes, the author writes about forex, but it’s really about what type of large accumulation or distribution is moving the price.