Unlike the STOCHASTICS, RSI, or CCI, there are no predetermined overbought or oversold levels in the MACD oscillator. However, the trick is to compare the highs and lows in MACD to price action in relation to previous high and lows. In doing so, you can easily find convergence and divergence. The best way to use[…]
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[…]
