It’s very important to understand what deceleration is, and also what consolidation looks like. 9 times out of 10 we need some sort of deceleration to be present in the market before executing a trade… deceleration is a signal that price may be turning around (i.e. price was accelerating to the upside, but reached a support and resistance level such as a horizontal line, and then began to slow down, ‘decelerate’, and potentially reject that level).
On the other hand, when we are witnessing periods of consolidation in the market, we want to avoid executing trades. Consolidation is messy, sideways price action, signalling indecision. We don’t want to trade during periods of consolidation, instead, we want to wait for a clear breakout above or below the sideways price action.
In this lesson, you’re going to learn how to confirm reversal candlestick formations using multi-timeframe analysis. We already know what reversal candlesticks look like from the previous lesson, but we only looked at them using one timeframe. Now we will incorporate multi-timeframe analysis and ...
In this lesson, you’ll see how significant the Fibonacci Retracement and Extension tools are when integrated with the Elliott Wave Theory.
You’ll learn how to utilize Fibonacci in conjunction with the Elliott Wave Theory to create a strong analysis/bias within the market, specifically when plan...
In this lesson, you’ll learn what the MC Hybrid style of trading is and who it’s suitable for. This style of trading is the middle ground between day trading and swing trading (incorporating characteristics of both). It can be utilized as a part-time approach, but can also be used as a full-time ...
