HI all,
I'm an absolute Noob to all things charting so go easy on me haha
I'm sure this idea is in the charting language but I was thinking of how to identify pivotal reversal trends and the resultant chart is evidence of my attempt.
Candles that break the trend line are the pivotal candles and signal a trend reversal until the next pivotal candle.
As you can see we have one forming today and I expect a down reversal (but it won't last long). If it matches the previous down reversal then we should see support at 10200-10300.
I know this kind of predicting is fraught with danger but you only live once :)
I'm an absolute Noob to all things charting so go easy on me haha
I'm sure this idea is in the charting language but I was thinking of how to identify pivotal reversal trends and the resultant chart is evidence of my attempt.
Candles that break the trend line are the pivotal candles and signal a trend reversal until the next pivotal candle.
As you can see we have one forming today and I expect a down reversal (but it won't last long). If it matches the previous down reversal then we should see support at 10200-10300.
I know this kind of predicting is fraught with danger but you only live once :)