Forex Avenger Unbiased Review - Just The Facts
Greed or mania in the market psychology is shown Fibo
Quantum Scalper by the parabolic path formed by the price action. Spikes and gaps that often appear in the price patterns show surprise in the market. Most of the traders and the market participants have been surprised by some breaking news or some fundamental news that was not being anticipated.In the same way, a Channel Pattern when formed is a signal of consensus in the market. A Narrow Range in the market is a signal of boredom in the market. A narrow range is always followed by a breakout. So, boredom has to be broken and it often gets broken soon by a breakout.
However, on the other hand, a wide range is a signal of anxiety and uncertainty in the market. This is the best time for scalping the market. Price action hugging sliding on the extreme Bollinger Bands is a signal of determination or enthusiasm in the market. This is a signal that a new trend is about to breakout and you should be ready for it.
Whatever, so you can see yourself in the above price patterns that they are an important signal that shows the underlying market sentiment or what you call psychology. Now a Doji is an important candlestick pattern that shows hesitation in the market. When you see a Doji on the key support or resistance, you should take it as a sign of weakness. When you spot a Doji on the support, don't buy and when you spot a Doji on the resistance, don't sell. But when the Doji appear hugging the Bollinger Bands, it is a sign to go along with the pattern by buying or selling.
However, on the other hand, a wide range is a signal of anxiety and uncertainty in the market. This is the best time for scalping the market. Price action hugging sliding on the extreme Bollinger Bands is a signal of determination or enthusiasm in the market. This is a signal that a new trend is about to breakout and you should be ready for it.
Whatever, so you can see yourself in the above price patterns that they are an important signal that shows the underlying market sentiment or what you call psychology. Now a Doji is an important candlestick pattern that shows hesitation in the market. When you see a Doji on the key support or resistance, you should take it as a sign of weakness. When you spot a Doji on the support, don't buy and when you spot a Doji on the resistance, don't sell. But when the Doji appear hugging the Bollinger Bands, it is a sign to go along with the pattern by buying or selling.
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