Trendline Mastery - How To Identify Momentum Change

Trendlines are a tool that help a trader to find a high probability setup. According to price action rules, after price breaks the trendline, attempt to create a new extreme in the previous trend's direction.
Overshoot happens in the direction of a trend. Overshoot indicates oversold or overbought market condition. During this stage price will most often than not break the trendline or even reverse the entire trend. Therefore traders should avoid taking trades of trendline as it may be just a trap in the middle of reversal.

This video highlights one of the best scalping strategies that can be used in day trading. Whether you are trading forex, crypto or indices, this Scalping strategy will work incredibly well. This Scalping Strategy also works on any time frame and can turn into long term position holding.

Price action describes the characteristics of a security’s price movements. This movement is quite often analyzed with respect to price changes in the recent past. In simple terms, price action is a trading technique that allows a trader to read the market and make subjective trading decisions based on the recent and actual price movements, rather than relying solely on technical indicators.

The only people who know where the market is heading are institutions. They are the ones who make the market move and our job as a retail traders is to follow their footsteps and get the piece of their movement. As a price action traders we need to find the most profitable ways to enter trades. The highest probability setups are 2nd entries at the key entry points.

2000 tick chart
S&P 500 ES Futures
21 bar EMA

Date August 5 2022

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