SCHW
The Charles Schwab Corporation
stock NYSE

You will be 3 out of 4 times correct everytime you are confident in your prediction.
And again, that is the basis for applying the method that is taught here.
You always have additonal situations where you focus mostly on the stock or its sector.
As an example check out SCHW. It compressed against VWAP and I played it short but it went up for 10 minutes just to start a 0.8% dive. My assessment that it glueing to its VWAP and forming a wedge showing weakness was correct.
Getting out when it crossed the wedge T- line and once reentering the short.. was a winner.
So while you can focus on what is taught here as the relative strength edge is based on predicting the market, you can also use it to gauge the overall 'tendency' of a stock like I did with SCHW here. (But remember here in this case the sector is more important most of the time than the SP500 / market).
So first, focus on getting the market right and focus on the idea that what goes up has to go down (reversion to the mean) along with marking D1 ranges on most stocks (put horizontal alert lines on every compression.
Later on you can put alerts on SMA compressions on the D1 and everything else like wedges or trend channels.
When the market agrees trade those in the direction of the break and you will have a good set of edges that will make you profitable.
But again, you will learn with proper TA to have an about 75% chance to be right in every situation you feel confident about the next market direction especially on the M5.
Take some time and for the past days draw some trend lines and price levels on the SP500. I sadly can not post a screenshot in a comment of this sub.
You know what let me send you the screenshot of the D1 of the past few SP500 D1 candles, you will see what I mean.

You will be 3 out of 4 times correct everytime you are confident in your prediction.
And again, that is the basis for applying the method that is taught here.
You always have additonal situations where you focus mostly on the stock or its sector.
As an example check out SCHW. It compressed against VWAP and I played it short but it went up for 10 minutes just to start a 0.8% dive. My assessment that it glueing to its VWAP and forming a wedge showing weakness was correct.
Getting out when it crossed the wedge T- line and once reentering the short.. was a winner.
So while you can focus on what is taught here as the relative strength edge is based on predicting the market, you can also use it to gauge the overall 'tendency' of a stock like I did with SCHW here. (But remember here in this case the sector is more important most of the time than the SP500 / market).
So first, focus on getting the market right and focus on the idea that what goes up has to go down (reversion to the mean) along with marking D1 ranges on most stocks (put horizontal alert lines on every compression.
Later on you can put alerts on SMA compressions on the D1 and everything else like wedges or trend channels.
When the market agrees trade those in the direction of the break and you will have a good set of edges that will make you profitable.
But again, you will learn with proper TA to have an about 75% chance to be right in every situation you feel confident about the next market direction especially on the M5.
Take some time and for the past days draw some trend lines and price levels on the SP500. I sadly can not post a screenshot in a comment of this sub.
You know what let me send you the screenshot of the D1 of the past few SP500 D1 candles, you will see what I mean.