Post
Topic
Board Trading Discussion
Re: Tools for analysis
by
Franctoshi
on 31/01/2023, 20:19:23 UTC
Two key things involved with market Analysis is all about Identifying the Demand and Supply zones, which we call support and resistance (accumulation & distribution). Note: only M, W, D1 time frame can stand as a strong support and resistance, i.e using this time frames in identifying the lowest level and highest level in the market.
 
And too the Market structures: If you master this two things every other tools out there we use is just a guide, Therefore once you identify a market direction upwards or downwards,  apply the two things.

Pay attention to Chart patterns- M & W patterns popularly known as double top and double bottom, H&S and Inverse H&S patterns are basically trend reversal, And valid set up can best be found using the major 3 higher times frames mentioned above.