I'm sharing three killer tactics to help you spot trending charts from non-trending ones.
Let's dive right in!
First tip : Keep an eye out for patterns of Higher Highs and Higher Lows in an up-trending market, and Lower Highs and Lower Lows in a down-trending market. This pattern indicates a strong trend!.
Second tip : Look for essential support and resistance levels. If the price bounces between parallel levels, you're dealing with a sideways market, not a trend.
Third tip : Utilize moving averages, specifically the 8 and 21 simple and close moving averages. If the price respects these moving averages as dynamic support or resistance, congrats, you're in a trending market! If not, it's time to rethink your strategy.
Pro Trading School
I'm sharing three killer tactics to help you spot trending charts from non-trending ones.
Let's dive right in!
First tip : Keep an eye out for patterns of Higher Highs and Higher Lows in an up-trending market, and Lower Highs and Lower Lows in a down-trending market. This pattern indicates a strong trend!.
Second tip : Look for essential support and resistance levels. If the price bounces between parallel levels, you're dealing with a sideways market, not a trend.
Third tip : Utilize moving averages, specifically the 8 and 21 simple and close moving averages. If the price respects these moving averages as dynamic support or resistance, congrats, you're in a trending market! If not, it's time to rethink your strategy.
If you want to learn more, download your ebook here : www.protradingschool.com/
1 year ago | [YT] | 134