Momentum Range Analysis
In this lesson of Module 4, Workshop 10, we will discuss the concept of Momentum and Momentum Range Analysis.
In Sideways patterns, the momentum analysis is not applicable and only used when the dynamic channel shows “Trending” Patterns.
In the Momentum Range Analysis of an established uptrend, Compare the last two Upward Range Lines.
In the Momentum Range Analysis of an established downtrend, Compare the last two downward Range Lines.
In this lesson of Module 4, Workshop 10, we will discuss the application of Momentum Range Analysis.
As you have seen in the previous module, the interconversion of sideways to trend and vise versa is a gradual phenomenon and many traders miss recognizing these smooth transitions in real-time.
By using the momentum to analyze the Strength and Weakness of the “Trend”, you can get an early indication of when a trend is forming and when it is at the late stage and lost its momentum.