Rolf here and I am starting a new video series where I will regularly do new videos about charting concepts, explain indicators or also cover other trading topics.
Today, I started with trend strength analysis and how to read momentum with 3 important tools
1. 2 Moving averages
Look for a breakout of a range and a separation between a longer and a short term moving average
Wait until the 2 MAs narrow again and price breaks through the MAs
2. Bollinger Bands BBs can be used in many different ways and the outer bands can help you ride trends as long as price stays close to the bands. When the price fails to reach the bands, the end of the trend can be near
3. The Stochastic The Stochastics can foreshadow new trends when they dip out of the 80 and 20 zones. Mainly you want to look for scenarios where the STOCHS were moving in the 80/20 area for quite some time and then suddenly break out of the areas.
Let me know what you think of this format and what you'd like to see me talk about next time :)