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This pattern is a great identifier for a trend change. Adding one of these patterns as your stop or entry criteria can add a huge advantage for your trading. The head and shoulders pattern is a key indicator for projecting future price action.
Moving averages are a great way to add confluence to a strategy. If you are struggling with direction, adding a moving average to your charts can help you identify trends. Being with the trend in your trades should increase your overall win rate.
Trendlines and wedges are great for trading. Although they are “imaginary lines” on a chart, they tend to have a high success rate and are a great tool to add to your strategy
There are tons of strategies that involve some form of support/resistance. History repeats itself. Being able to identify where buyers and sellers are on a stock will help you gain an edge in the market.
Candlestick patterns are a great concept to add to your strategy. Price action is a tool used by many traders because it helps show which side of the market is strongest.
Depending on your overall strategy, complex options can be a great addition, especially in choppy/slow markets. Use time to your advantage with some of these complex options strategies.
Similarly to market profile, volume profile shows where price action is in expansion vs consolidation. This helps you determine market conditions and what kind of price action is likely to come. Use this as a confluence in your trading strategies.
Market profile is a great tool to add to your futures strategy. Being able to identify where retail traders put their stops and levels other players are looking at is a huge advantage you can use in your strategy.
The S&P 500 typically determines how the majority of stocks perform. Adding divergences between individual stocks and the overall market is a great tool to use for your strategy.
This strategy has a very high success rate. Being able to recognize where the banks and institutions are getting into positions will allow you to trade with them. This presents a massive opportunity in the market.
