Hey traders,
There are multiple different ways to measure the strength of the market reversal from a key level:
✔️some traders apply volumes and look for its sudden spike as a confirmation,
✔️some traders rely on some indicators and look for a particular trigger there as the signal,
✔️some traders, like me, follow the candlesticks and make their judgments...
After the price falls below the contraction zone on the higher timeframe (4H in this case)
We look at the MCVF that I made; go to a lower timeframe (5m in this case)
The indicator finds contractions in momentum and tells you when price will reverse; almost right at the top;))
I linked the indicator below, make sure to give me a follow and a boost if you like...
Technical indicators are mathematical calculations based on an asset's price and/or volume that are used to analyze market trends and identify potential trading opportunities.
📍Trend indicators:
These indicators are used to identify the direction of the market's trend over a given time period. Some popular trend indicators include moving averages, trendlines,...
Momentum trading is the practice of buying and selling assets according to the recent strength of price trends. It is based on the idea that if there is enough force behind a price move, it will continue to move in the same direction.
