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Hey guys,
If you're a new trader or an experienced trader
I wanted to share with you my honest opinion about trend lines.
When it comes to trend lines, here’s what I look for:
• Three touch points
• Plenty of data (multiple candlesticks-the more, the better)
• A clear trend (not consolidation)
And if it doesn't feel right, it's probably not a good trend line. I think the biggest issue with traders is that they hop on trends too early and get a lot of takeout movements.
So be careful!!!
As always, thank you so much for watching, and see you in the next one!
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DISCLAIMER: I am not a financial adviser nor a CPA. These videos are for educational and entertainment purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.
22 авг 2024