Trendlines are one of the most fundamental, and arguably one of the most powerful concepts that day traders can use to determine the strength of the current price movement and the general direction in which an asset’s value might move.
Yet, many traders are intimidated by them.
And it’s because they’re not using two simple, yet effective tools in combination with trendlines: candlestick charts + volume.
Understanding these two concepts is one of the most crucial ways to potentially increase the probability of making successful trades.
Today I’m going to show you how to use both of them to correctly enter and exit your positions.
New data has come out showing a recent surge in virus hospitalization in Texas. This news caused the markets to reverse directions and start heading back into downfall...
Fear of a second wave of the virus, further escalating tensions with China, uncertainty in company earnings… it’s becoming harder and harder to know where to focus your energy in today’s market.