Hey Traders so today it looks like on the charts the US Dollar could be forming a bottom. It's funny because in the last video I said crude and commodities could be bottoming. But in trading you should never get too bullish or bearish. Never look at the market from only one side because history shows markets are always changing. When we take a risk in my opinion...
Hey Traders here is a quick chart about how you can use your Daily Charts to spot formations in technical analysis . In my opinion the best way to trade a trend is to get in early before the big moves happen. Although we can never be 100% accurate that a new trend is developing we can use history and price action as clues. So in this chart it looks like Crude...
What is a 1 2 3 Pattern ?
We can say that it is the bottom, a correction, a re-test, and a rebound. The pattern usually occurs at the end of trends and swings, and they are an indication of a change in trend. They can also be found within a trading range, and they take place when the directional momentum of a trend is diminishing.
Long Trade :
The long trade...
