Trends & Moving Average that Work/Matter

Trends & Moving Average that Work/Matter

By Nada

Trendlines

Uptrend: The Trend is moving towards the upside. The price action is moving towards the upside.

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Will usually have a breakout downwards.​

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Trendlines

Downtrend: The trend is moving towards the downside. The price action is moving towards the downside.​

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Will usually have a breakout upwards.​

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Tips

*Beware of psychological numbers (5,10,1)

*What's important is where the candle starts & ends in the period looked at.​

Period: 15 minutes, 1 hour, 4 hours, 1 day, 1 week​