Hello, traders! Today we're going to discuss an important technical analysis technique that can help you spot potential trend reversals - the Shortening of Thrust (SOT). This method can be a game changer for new and experienced traders alike. Let's dive in! 🔎 What is Shortening of Thrust (SOT)? Shortening of Thrust (SOT) is a technique used to identify...
There are a number of ways to judge the price action momentum. In the previous post, I show you using trend channel as an alternative to up wave or upward thrust to gauge the buying or selling momentum. In this video, I also adopt the same example S&P 500 futures ( CME_MINI:ES1! ) to show you using the popular pattern - rising wedge and RSI indicator to achieve...
In this video, I use S&P 500 futures CME_MINI:ES1! as an example to show you using trend channel to judge the price action momentum. At the later part of the video, I also show the use of upward thrust, and the up wave on top of the channel to judge the momentum. It is important to assess the price action momentum of any trading instruments (i.e. stocks, Forex,...