How do you predict price action?
TRADINGFEATURED
"If you plan to trade a range, always need 3 confirms of price bouncing from roof to ground or ground to roof. But it must be clean with no hesitation on the way up or down"
Tip 1 - Never trade ranges and avoid them if you can. When the market is indecisive and trying to figure out which direction it wants to go, stay out.
Tip 2 - If you plan to trade a range, always need 3 confirms of price bouncing from roof to ground or ground to roof. But it must be clean with no hesitation on the way up or down.
Tip 3 - If the price is forming a distribution phase after a bull run, it is always best to look for a clean range and then strong evidence of an LH forming within the range to identify a potential change in direction.
Tip 4 - If the price is forming an accumulation phase after a bearish rally, it is always better to look for a clean range and then strong evidence of an HL forming within the range to identify a potential change in direction.
Tip 5 - Avoid trading ranges at all costs if you can. Trade only with the direction of the market. It is easier to trade with the flow of rivers than it is to battle the waves of the sea.
Credit: Quora