PRS LONG TERM APPLICATION #2 MAJOR TREND CHANGE
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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I am live for 2530-2690. Start here:
www.tradingview.com/chart/XAUUSD/6DbGXwIK-2325-2450-WALK-THROUGH-TO-FOMC-REACTION-PART-4/
www.tradingview.com/chart/XAUUSD/6DbGXwIK-2325-2450-WALK-THROUGH-TO-FOMC-REACTION-PART-4/