I have started the Sunday Sessions again and want to go back and use these videos for referencing and staying persistent. NAS100 Summary - Waiting for market open - Break out the box will confirm our short term bias - Retest at the different significant areas will give us long term demand - Smaller and more trades are the aim with this week and how we move till...
What is Divergence? Divergence indicates to us that a trend is losing momentum and could be ready for a reversal or a deeper correction soon. When we see divergence, we should stop trading in the direction of the trend and look for countertrend trades. How to identify Divergence? When price is making higher highs, MACD (or RSI) will show lower highs =...
Description of Chart : Two potential plays here. We have now broken above a previous range marked in pink. If we get a test of the top pink trend line it might be an opportunity to buy with the anticipation we are going to new highs marked at 18365. Alternatively if we get a break below the pink trend line then we could see a continuation or range bound trading...