Hey Traders so here I wanted to illustrate how you catch the change from Uptrend to Downtrend on the charts. You never know for sure if the trend has completely changed but basically look for 3 bars that you draw a straight line and connect them together. You don't need indicators you just need to be able to draw a straight line. Buy or Sell when market touches trendline. Technical Analysis is a little bit like Art but alot of time it can work really well if you draw correctly!
So in uptrend you would be buyer at the trendline.
In downtrend you would be seller at the trendline.
Always use Risk Management! (just in case your wrong in your analysis)
Hope This Helps Your Trading
Clifford
So in uptrend you would be buyer at the trendline.
In downtrend you would be seller at the trendline.
Always use Risk Management! (just in case your wrong in your analysis)
Hope This Helps Your Trading
Clifford
Note
For further Clarification it's best to draw the line straight then try to connect 3 bars in a straight line then you should be on the right side of the market. So try to create a 3 bar trend line like this.Note
Then buy when price drops back to trend line in uptrend and sell when prices rallies back to downtrend line in downtrend.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.