It's tough to think "trend" when getting to the markets with only a couple hours left in the day. When I only have a little time to spend, I am mostly studying what's familiar and not necessarily looking for trades. What I see in COCO that is familiar to many stocks: the high volume at 10:15 coupled with a decent price range but the open and close prices are relatively tight together ( a sign of potential reversal, the low of this candle is 7 cents off the reversal at 11:10), same thing repeated near the top of the reversal trend at the 12:10pm candle (this one actually was the reversal top), the ultra-low volume signals at 11:45 and 11:55 prior to the stock beginning a 38 cent leap upward in 15 minutes. How about the doji at 1:05pm coupled with very low volume and a cross of the 7 over the 17 EMA ( a short here with those signals would have yielded up to a 93 cent gain by about 3:30pm, with price never reaching up to touch the entry spot). At 3:20pm: a high volume spike after a long drop- coupled with the candle's wide price range but tight open and close price within 1 cent of the LOD (where I took my paper-trade off these signals of reversal). The next candle was the true reversal candle... the low volume on this turn looks very familiar.
Mostly, I just watch and study. And I like the repetition of signals... day after day. I look forward to the time when I can anticipate them and play many profitably.
