Trendline Tool To Identify Structure Points Part 1

  Рет қаралды 18

Wealth Builders University

Wealth Builders University

Күн бұрын

TRENDLINE TOOL TO IDENTIFY STRUCTURE POINTS
So you need to know how to Identify your structure point.
So the only thing you need to be able to do as a trader on an Uptrend you need to be able to Identify a higher low for a BUY.
So the only thing you need to know as a trader on a Downtrend is to be able to Identify a lower high for a SELL.
=we use ODER BLOCK TRENDLINE SUPPORT & RESISTANCE
AC = HL
AC B+R = LH
ASCENDING TRENDLINE Identifies your HL and when it Breaks & Retest it Identify a LH
First of all in your chart you need to have your ascending trendline. We use our longest weeks to connect our trendline H1,H4,W,D
HOW TO USE YOUR TRENDLINE TO IDENTIFY YOUR STRUCTURE POINTS.
You don't take a BUY at a point where the markets is currently moving without touching your trend because it is not a higher low.
You need to rather wait for it to touch the trendline because it has been Identified by a tool(trendline)
It must always be 3 touches at your trendline going up and your third touch is when you will have to take your trade after your 3rd candlestick going up.
Same goes with your Break and Retest
You don't want to take a trade anyhow , because you would want to take a trade at touching your trendline
Because it is not a valid structure point if it didn't touch(identify) your trendline.
Your Breakout is not a touch, You Retest is a Touch (3rd touch)
It will never be a HL until it touches your trendline.

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@cr7_goat654
@cr7_goat654 3 ай бұрын
100% Accuracy
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