Contrary to popular opinion, a descending triangle can be either bearish or bullish. Traditionally, a regular descending triangle pattern is considered to be a bearish chart pattern. However, a descending triangle pattern can also be bullish. In this instance it is known as a reversal pattern. To that point, the descending triangle can be viewed[…]
Pivot points are one of the few leading indicators and should be the first tool a trader should look at to enter a trade. Today we will dive deep into the significance of Pivot Points for scalping and day trading. Pivot points are one of the few leading indicators and should be the first tool[…]
This is One of the best market volatility indicators, the Average True Range indicator helps traders understand the way a stock, forex, commodities, and cryptocurrencies moves. Moreover, the ATR Indicator considers large ranges that accompany strong moves. The main idea behind the Average True Range Trading strategy is, we only want to trade when the[…]
“RSI-Moving Average” MARTINGALE Trading Strategy (based on Larry Connors’ time, price, and scale-in trade principles). The “RSI-Moving Average” MARTINGALE Trading Strategy can be applied to stocks, commodities, currencies, cryptocurrencies, and any other market that you can access charting prices. LONG TRADE SETUP Here are the “RSI-Moving Average” MARTINGALE trading rules for buy signals: The price[…]
