forex:price_action
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forex:price_action [2022/12/15 11:33] – peter | forex:price_action [2022/12/15 16:26] (current) – peter | ||
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====== Forex - Price Action ====== | ====== Forex - Price Action ====== | ||
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+ | [[Forex: | ||
[[Forex: | [[Forex: | ||
- | ---- | + | [[Forex: |
- | + | ||
- | ===== Detecting when a trend is over-extended ===== | + | |
- | + | ||
- | * Look for a climax or exhaustion reversal bar. | + | |
- | * These exhaustion and climax bars tend to represent a high probability reversal coming based on the various participants and how they tend to trade trends. | + | |
- | + | ||
- | The key things to be looking for in spotting these exhaustion and climax reversal bars are; | + | |
- | - a bar that is much larger than the previous price action | + | [[Forex: |
- | - it occurs at/near a key support or resistance level, or after breaking a key support/ | + | |
- | - it occurs after several bars have been trending in an impulsive fashion in one direction | + | |
- | <WRAP info> | + | [[Forex:Price Action: |
- | **NOTE:** Although there are other many subtle clues you can look for to amplify the possibility | + | |
- | </ | ||
- | ---- | ||
- | ===== Support and Resistance Levels ===== | ||
forex/price_action.1671103990.txt.gz · Last modified: 2022/12/15 11:33 by peter