Basic to Advanced Price Action
Momentum Slope Analysis
Posted by TradingDrills Academy on
In the Momentum slope Analysis of an established downtrend, Compare the slope of the last two dynamic resistance lines.
No change in slope means the strength of the trend is constant. Again Compare the slope of the last two dynamic resistance lines.
No change in slope means the strength of the trend is constant. Again Compare the slope of the last two dynamic resistance lines.
Momentum Range Analysis
Posted by TradingDrills Academy on
In the Momentum Range Analysis of an established uptrend, Compare the last two Upward Range Lines.
No change in Range means the strength of the trend is constant.
Again Compare the last two Upward Range Lines.
No change in Range means the strength of the trend is constant.
Again Compare the last two Upward Range Lines.
Trend Channel Breakout
Posted by TradingDrills Academy on
When you update the dynamic channel in a downtrend pattern and see the price breaks the dynamic support line, you often see that the new pattern has lower Swing Lows and lower Swing Highs, Which indicates the continuation of the downtrend pattern.
Sideway Channel Breakout
Posted by TradingDrills Academy on
If the price breaks the dynamic support of the current sideways pattern, look for the new Swing lows and update the dynamic channel.
The new pattern could show the same Swing highs, but a lower swing low. Which is still another Sideways pattern.
The new pattern could show the same Swing highs, but a lower swing low. Which is still another Sideways pattern.
Trending Patterns and Relationship Between Pattern and Range
Posted by TradingDrills Academy on
When Dynamic support and Resistance move in the same direction, we categorize them under Trend patterns.