How I Trend Trade Using Fractals and Moving Averages
UP Fractal = Resistance, buy on breakout
DOWN Fractal = Support, sell on breakout
If Trend gets going, hold on to position until price closes above/below purple line.
Watch for divergences in Momentum indicator vs. price.
Watch for major and minor corrections that could indicate a new entry point or a slowing price.
After a trend is done, prices will always retrace back into the balance zone, marked by the three colored moving averages. As long as it is trading inside of it, stay out of the market.
Once a fractal up or down gets hit after price was breathing in the balance zone, put in a pending order and wait for whatever the market tells you.
Repeat.
Repeat.
Repeat.
DOWN Fractal = Support, sell on breakout
If Trend gets going, hold on to position until price closes above/below purple line.
Watch for divergences in Momentum indicator vs. price.
Watch for major and minor corrections that could indicate a new entry point or a slowing price.
After a trend is done, prices will always retrace back into the balance zone, marked by the three colored moving averages. As long as it is trading inside of it, stay out of the market.
Once a fractal up or down gets hit after price was breathing in the balance zone, put in a pending order and wait for whatever the market tells you.
Repeat.
Repeat.
Repeat.
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.