Trend is king, focus on intraday!
Swing trading is an important way to make considerable profits, doing a good job in swing is something that many traders want, today I will tell you about the intraday swing ** when the reversal to judge, you will find a lot of magical things.
Required indicators: 1. Keltner channel.
2. Trend line of the size and period **.
3、macd
4. Intraday horizontal line.
The renderings are as follows.
The reason why the band is called a band is that there will be an adjustment after each wave** and then, according to the state of the adjustment, whether it is a reversal or a continuation, then we will judge each adjustment as a reversal, and use the head and shoulders pattern to judge the reversal.
The first thing we need to filter is that if the adjustment of the small period ** trend line can be summarized by a color-changing segment of the large period ** trend line and the MACD double line is above the zero line, the reversal problem will not be considered.
Why do you think so? Let's look at the case.
As shown in the figure, after the short wave of **, a consolidation is formed here, we first look at the discoloration of the large cycle ** trend line, and pay attention to the head and shoulders top pattern formed by the ** trend line of the small cycle, and at the same time the ** trend line of the large cycle becomes bearish color, which is the continuation of the bearish band at this moment.
Of course, if you use periodic resonance to understand that this position belongs to one hour
In fact, most of the corrections can be summarized and filtered by the trend lines (light blue and yellow color change lines).
And when we say that every correction is a reversal pattern, we are referring to the description of the ** trend line (pink color change line) of the small period head and shoulders top pattern.
This is the case of the adjustment reversal failure in **. So I find this pattern in every adjustment, and treat each of these patterns as a reversal, so whether the band continues depends on the success of the reversal.
Well, that's all for today's sharing, I hope it will inspire you.
The views expressed in this article are those of the individual.