Hi guys, Take a look at how I use my indicators along with a brief description of what they are used for. I apologize for the grogginess of the video but I'll have my coffee before, next time! Let me know what you think.
It's extremely important to look at price action where you are looking to place your trendline. What I like to first start off is with looking at the areas where we have seen either gap up or gap downs. Starting at the most significant relative area to my analysis, I will continue that line, scoping out other gap areas if within reason. Some are very obvious....
Symbol: NASDAQ:NVAX Indicators Upper: Delta Volume On Chart: ALMA x2 Lower: Laguerre RSI Comments 1. Look at the Large Volume Imbalance and how the price trended after. 2. The widening separation of our Moving Averages. 3. Bottom Indicator Showed Bearish Trend Continuation... Option Choices 1. Sell Covered Call (Collect Credit) 2. Buy Put (Pay Debit) 3....