Identifying Impulses and corrections
Herein is a simple way of identifying motive/impulse moves. The motive moves are where the price is moving sharply in the direction of the trend. Price thereafter starts struggling on the opposite direction and then continues in the direction of the motive move.
Looking at the MACD indicator we expect the price to correct from the current point until it comes close to the trendline.
Looking at the MACD indicator we expect the price to correct from the current point until it comes close to the trendline.
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For personalized investment advisory services
Reach me on email hesbonmose001@gmail.com to join paid premium group. (one off $60 to join) or patreon.com/thesharkke
Free stock markets analysis Telegram channel: t.me/stocksfromtechnicaleye
Reach me on email hesbonmose001@gmail.com to join paid premium group. (one off $60 to join) or patreon.com/thesharkke
Free stock markets analysis Telegram channel: t.me/stocksfromtechnicaleye
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.