Momentumstrategy
WAITING FOR SELL SIGNALPrice is trading at top and i am a reversal trader so i always looking for reversal signal where buyer are losing control and sellers are taking contol. I am waiting for confirmation signal for short and i have my selected 2-3 setups where i always take trades. If i dont see any setup then i skip the trade.
BUYERS ARE TRYING TO CONTROL THE MARKETThis is the perfect example of Momentum but you can not trade only on momentum, You need to combine all price action tools for analysis like Trendline,Support & Resistance zones, Price patterns etc.
If you are a price action trader then you have to trained yourself to locate this type of price action movement.i am doing the same thing again n again and it helps me to identify the price structure.
TATAMOTORS BUYERS ARE COMINGThis is the perfect example of Momentum but you can not trade only on momentum, You need to combine all price action tools for analysis like Trendline,Support & Resistance zones, Price patterns etc.
If you are a price action trader then you have to trained yourself to locate this type of price action movement.i am doing the same thing again n again and it helps me to identify the price structure.
ACC ANALYSIS FOR samyr99ACC is trading at bottom but till now we have not seen any bullish sign and i need to price go down first before going up(see pink circle) with the momentum,wait for 1st HH then watch price closely because there is one more support and price can go down to test that zone.
Note - Dont try to buy if stock is going down,Wait for buyer