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