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How can you determine price likelyhood to change direction?
technical
- 8 Answers
- In Forex General
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- John Ka...
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- 1 year ago
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There are several things traders use. Some may use MAJOR Support and Resistance levels on bigger time frames. Other may use FIB levels & Pivot Points. Some use the COT Report to determine where the big money is going. There are several Candlestick patterns that are poised to show a shift in price direction. Its a matter of finding what works for you and makes you comfortable when you trade |
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It can be determined with many technical indicators. I look at candlesticks, crossover of moving averages and stochastics to determine the change in the direction. |
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Price change from higher high, higher low in an up trend to lower high, lower low; or vice versa in and down trend. |
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the break of a trendline; the candlestick tells the story about the market (e..g. exhaustion candles; reversal candles) |
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There are many indicators can help me to to that. One of the simple method for me to determine price reversal is by looking at the crossover of short term moving average over long term moving average. |
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Follow the commercial traders for starters. They are the trend, claiming over 90% of the futures contracts which tend to drive the spot market. |
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i think the short thing is do a short line with the direction and if its cut and have doji or any reversal candel so this is the reversal |
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You must learn to read a candlestick chart. Look for reversals like a doji, Morning star or evening star. Also trade the news for market updates. |
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