Thursday, May 26, 2011

Inside vs. Outside Wave patterns, buying pullbacks at the best times



Inside vs. Outside Wave patterns

Wave Long = Buying a pullback

Wave short = selling a retracement

Wave pattern = breakout/trending market pattern

Sideways range are dangerous with a wave pattern if we don’t get higher highs or lower lows to confirm the BREAKOUT.

You need to avoid the fake-out breakout


Candlestick Patterns can be used for market sentiment on your trade management chart.

Try and look for BULLISH / BEARISH candlestick patterns on your trade management chart for clues and to build confidence into your trade.

Drawing trend lines

You can find the video in the advanced course and on the blog.

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