My goal is to help others see the reason behind my analysis and hopefully they learn something new or at least review what they already know
I believe to be successful in the analysis regardless of the timeframe you should breaking it down to pieces and manage it piece by piece:
1- A bull trend is a period of time in financial markets when the price of an asset or security rises continuously.
2- A sideways trend is the horizontal price movement that occurs when the forces of supply and demand are nearly equal. This typically occurs during a period of consolidation before the price continues a prior trend or reverses into a new trend. A sideways price trend is also commonly known as a "horizontal trend."
3- A breakout refers to when the price of an asset moves above a resistance area, or moves below a support area. Breakouts indicate the potential for the price to start trending in the breakout direction. For example, a breakout to the upside from a chart pattern could indicate the price will start trending higher.
4- A pullback is a temporary reversal in the price action of an asset or security. The duration of a pullback is usually only a few consecutive sessions. ... Pullbacks can provide an entry point for traders looking to enter a position when other technical indicators remain bullish.
5- Resistance occurs where an uptrend is expected to pause temporarily, due to a concentration of supply.
Reference Articles:
https://www.investopedia.com/insights/digging-deeper-bull-and-bear-markets/
https://www.investopedia.com/terms/s/sidewaystrend.asp#:~:text=A%20sideways%20trend%20is%20the,as%20a%20%22horizontal%20trend.%22
https://www.investopedia.com/terms/b/breakout.asp#:~:text=A%20breakout%20refers%20to%20when,price%20will%20start%20trending%20higher.
https://www.investopedia.com/terms/p/pullback.asp#:~:text=A%20pullback%20is%20a%20temporary,only%20a%20few%20consecutive%20sessions.&text=Pullbacks%20can%20provide%20an%20entry,other%20technical%20indicators%20remain%20bullish.
https://www.investopedia.com/trading/support-and-resistance-basics/
Now let's review my trading setup published last week:
I believe to be successful in the analysis regardless of the timeframe you should breaking it down to pieces and manage it piece by piece:
1- A bull trend is a period of time in financial markets when the price of an asset or security rises continuously.
2- A sideways trend is the horizontal price movement that occurs when the forces of supply and demand are nearly equal. This typically occurs during a period of consolidation before the price continues a prior trend or reverses into a new trend. A sideways price trend is also commonly known as a "horizontal trend."
3- A breakout refers to when the price of an asset moves above a resistance area, or moves below a support area. Breakouts indicate the potential for the price to start trending in the breakout direction. For example, a breakout to the upside from a chart pattern could indicate the price will start trending higher.
4- A pullback is a temporary reversal in the price action of an asset or security. The duration of a pullback is usually only a few consecutive sessions. ... Pullbacks can provide an entry point for traders looking to enter a position when other technical indicators remain bullish.
5- Resistance occurs where an uptrend is expected to pause temporarily, due to a concentration of supply.
Reference Articles:
https://www.investopedia.com/insights/digging-deeper-bull-and-bear-markets/
https://www.investopedia.com/terms/s/sidewaystrend.asp#:~:text=A%20sideways%20trend%20is%20the,as%20a%20%22horizontal%20trend.%22
https://www.investopedia.com/terms/b/breakout.asp#:~:text=A%20breakout%20refers%20to%20when,price%20will%20start%20trending%20higher.
https://www.investopedia.com/terms/p/pullback.asp#:~:text=A%20pullback%20is%20a%20temporary,only%20a%20few%20consecutive%20sessions.&text=Pullbacks%20can%20provide%20an%20entry,other%20technical%20indicators%20remain%20bullish.
https://www.investopedia.com/trading/support-and-resistance-basics/
Now let's review my trading setup published last week:
تعليق: