– Price moves sideways again as sellers begin to match buyers; the trend flattens. Stage 4: Decline
: Use longer-term charts (weekly/daily) to determine the dominant market direction. – Price moves sideways again as sellers begin
To trade this methodology effectively, you must categorize your charts into three specific operational roles. This is your anchor
This is your anchor. For swing traders, the daily chart is typically the primary tool to identify the overarching trend. You must ask yourself: Is the stock making higher highs and higher lows (uptrend), or lower highs and lower lows (downtrend)? If the broader trend is moving against your intended position, the probability of a successful trade drops significantly. 2. The Setup Timeframe (Intermediate) If the broader trend is moving against your
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