Trigger timing for day trading/scalping
Updated
Bullish technical patterns and setups are often mistakenly taken as sufficient constitution of a bullish trade. This analysis shows how technical analysis showing bullish patterns and sentiment can be used to support a bullish trade. Although the same strategy can be used for all time frames, higher time frames tend to be more consistent and influential on sentiment.
Financial Instrument: QQQ (shares/options)
Time Frame: 1HR
Trade holding period (estimate): 45 mins to 2 hrs
Indicators:
-EMA 9, 21, 55
-RSI
-Volume
Financial Instrument: QQQ (shares/options)
Time Frame: 1HR
Trade holding period (estimate): 45 mins to 2 hrs
Indicators:
-EMA 9, 21, 55
-RSI
-Volume
Trade closed: target reached
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