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szgy74
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Posts posted by szgy74
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hi allIn Intraday charting how do you recognize a Bull trap ,
rxs0005
Hi,
I would suggest to look at one or two higher timeframe charts to get a better picture of the market, the overall / major trend (for example for M5 chart check M15 and M30 or H1).
This way you can see when a trend is only a pullback.
Another point is the important price levels, zones, like S/R areas, pivot levels, round numbers. When price approches these levels usually the trend pauses, goes sideways or turns back.
Bit more complicated but you may check divergences. Regular divergences suggest weakness while hidden divergences suggest the trend will continue.
Gyula
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Hi,
Maybe you are looking for the attached one.
I think it is not so difficult to change to display what you want.
Regards,
Gyula
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