Chances are that traders with a significant number of pending sell orders were waiting for that price level to be hit. Then, those sell orders stopped the trend dead in its tracks. There are several popular indicators and concepts futures traders use to identify key support and resistance le...
The single, most useful reason for being able to identify a trend is that it helps you decide how you are going to trade—whether long or short. Generally, a downtrend has excellent sell conditions, while uptrends basically provide traders with buying opportunities. ...
They exhibit clear trend reversals, aiding in decision-making by filtering noise and focusing on significant price shifts.A Kagi chart needs the reversal amount you specify in percentage or price change. Then, the chart changes direction once the price turns in the opposite direction by the pre-...
These charts help traders identify support and resistance levels by plotting points that signify a reversal in the trend. P&F charts ignore time and volume, making them ideal for identifying long-term trends.Each point on a P&F chart represents a set price movement (the box size). This ...
World markets are mostly green this morning despite China's growth slump. I think the slow-down was priced in, which is why the data has been largely shrugged off. S&P futures are 2-3 handles higher, with only the all-time intraday high of 1687 left as r
Moving averages smooth out price data to create a trend-following indicator. Traders often use the 50-period and 200-period moving averages to identify trend directions. In the context of a rising wedge pattern, a bearish crossover, where the shorter-term moving average crosses...
It’s all in where you as a trader want to “live.” Identify your trading home and find they best way to trade that space. There are plenty of “freebies” out there. Heck, I’ve given a number of minis (1-2 indicator systems) away that new traders could use to be up and ...
3)How to Identify charts with home run potential.Finding the gaps & the triggers. This all comes back to the Daily Chart, the News Catalyst, and the Float of the stock. 4)Trading Bull Flags. How to find intraday chart patterns like Bull Flags & Flat Top Breakouts in REALTIME. Check ...
The fractal indicator can be used for both short-term and long-term trading strategies.Day tradersmight use it for shorter time frames to identify intraday reversals, while position traders could apply it to daily or weekly charts to spot major trend changes. Can the Fractal Indicator Be Used ...
A chart pattern that is easy to identify and that has a high degree of reliability is thedoubleor triple top or bottom. A double top or triple top is typically formed after a long period and signals an imminent trend reversal; if a mutual fund that has been trending higher is unable to...