Measuring a TrendDecember 29th, 2020
How do you measure a trend? According to Paul of Trade the Fifth, to properly measure & confirm a trend, traders must first keep it simple. That is, reduce the number of indicators on your charts and create a clean framework from which to do your analysis.
Next, ask yourself “What is happening?” What is the behavior you can observe from the price data?
In his webinar Discover a Core Trading Strategy, Paul Bratby of Trade the Fifth demonstrates 3 distinct Elliott Wave rules used to examine market behavior and determine trend strength. Only after putting all 3 observations together can a trader determine if the requirements have been met to confirm a trend.
Enter Email for Updates