Identifying Trends and Reversals 🎯

💥HOW TO TRADE:

Identifying Trends and Reversals 🎯

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Here's my approach to determining the intraday direction when trading short or long, specifically focusing on the relationship between Price and SMAs(20,50 and 200), EMA200, Oscillator, Support Line and Patterns:

🐸 Simple Moving Average 20, 50 and 200 & Exponential Moving Average200
🐸 Stochastic Oscillator: focus when oscillator in RedZone or GreenZone
🐸 Patterns: H Pattern, Inverted H Pattern
🐸 Support | Resistant Line

💥 One example of such confirmation reversal from bottom is: oscillator in callzone, H pattern (double bottoms), smas(20,50, and 200) & ema200 support, support line resistant.
💥 One example of such confirmation reversal from top is: oscillator in redzone, inverted H pattern (double tops), smas(20,50, and 200) & ema200 resistant, support line resistant.



Remember, trading involves risks, and it's important to have a well-defined strategy and risk management in place.