Major trend changes are gradual, not immediate, despite seemingly so at times.
Before I give examples, I use several different sets of indicators that do different things with different size bars. But most of the time, the orange wave is the longest period, followed by the purple wave, the gray wave, the red wave and finally the blue wave. The ratios also vary depending on use for which markets. That's called a secret.
Here are examples of identifying trend changes:
Before I give examples, I use several different sets of indicators that do different things with different size bars. But most of the time, the orange wave is the longest period, followed by the purple wave, the gray wave, the red wave and finally the blue wave. The ratios also vary depending on use for which markets. That's called a secret.
Here are examples of identifying trend changes:
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.