On indicators, KC, and why price action is often the truest tell
Morning all. Just wanted to throw out a quick thought for the day's open. I've been watching $KC today, that move up to 11.16 before settling back to 10.91 is interesting, and it highlights something for me. While the volume surge is clear, I think too many folks get caught up chasing lagging indicators when the real story is often in the price action itself, the candles, the wicks, the levels being tested and held. Compare that to something like $SLV, holding around 53.95 after its daily range of 53.235–54.29; the indicator crowd might see something there, but the real talk is what it does when it retests those boundaries. I often find indicators just confirming what price has already shown, but maybe that's just me. What are your thoughts? Am I off base here?
That's an interesting point about price action over lagging indicators. I'm still learning to read candles effectively; what are some of the key things you look for when analyzing the wicks and levels?