- Break above into the buy zone would trigger further buy orders
- & shows the momentum of the trend. Momentum hasn't picked up to 'normal' speed yet (20) which could be considered as a value opportunity. analysis is a better indicator of momentum, , exhaustion areas, etc. & just helps smooth the price data and present it in a way that can be used to support analysis. Green over Red is . Once the Black line goes above (20) momentum is 'confirmed' for the trend.
- MA's (momentum)
- Risk / Reward of CONFLUENCE present [current price structure, pattern, MA's, , fundamentals, current sentiment, , support / resistance, concept of supply / demand
Confluence trading -> structure, , everything else
-> multiple confirmations 2-3+ before considering taking a position
-> minimal draw down due to precise entry