Technical Analysis Vocabulary!!!
CRVUSDTPERPHello guys these are some of the trading terms/concepts I apply when trading;
1. BOS: Break of Structure - when price continues to break previous structure and at the same time continues the current trend. A line drawn from recent structure to the current breakout denotes the BOS.
2. CHoCH: Change of Character - when price changes its trend. A line drawn from the last high (for downtrends) or low (for uptrends) of the previous trend all the way to current price action identifies the CHoCH.
3. Liquidity: The buildup of stop orders residing on a trendline of equal highs, lows, trends, or wicks. This is money that can be taken out.
4. Bullish Order Block/Supply Zone: An area of the market where price fell from - highlighting the last bullish candle before the drop in price.
5. Bearish Order Block/Demand Zone: An area of the market where price rose from - highlighting the last bearish candle before the rise in price.
6. Consolidation: An area of the market where prices were oscillating in a corridor - highlighting indecisiveness in the market for that period of time.
- Joel.
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