stephane
Private, 1st Class
- Messages
- 114
When talking about a trend, remember you are talking about a specific timeframe. A bearish trend on a weekly chart, when consolidating, if a bullish trend on the H4.
In order to know where a trend may end/start or even consolidate, you need to also have a look at higher Tfs. Spot places of support and resistance on those charts, this is where the trend may change on your trading chart. Exemple:
This is AJ daily. Clean bearish trend, clean bearish BO, and then a dragonfly doji out of nowhere.
Of nowhere? Not really. Take a look at the Weekly TF.
On the weekly it is rejecting the 200 SMA. And by the way it is rather an uptrend !
This is just an exemple how you may anticipate trend's turning points by using higher Tfs,
Trade safe !
In order to know where a trend may end/start or even consolidate, you need to also have a look at higher Tfs. Spot places of support and resistance on those charts, this is where the trend may change on your trading chart. Exemple:
This is AJ daily. Clean bearish trend, clean bearish BO, and then a dragonfly doji out of nowhere.
Of nowhere? Not really. Take a look at the Weekly TF.
On the weekly it is rejecting the 200 SMA. And by the way it is rather an uptrend !
This is just an exemple how you may anticipate trend's turning points by using higher Tfs,
Trade safe !