When demand or supply imbalances occur rapidly, momentum moves occur. Momentum is Speed of movement.
Large Wide Range Bars (WRB) are momentum.
Multiple large candlestick moving in one direction with little to no overlap between the candles is momentum.
If you can tell the difference between small candles and big candles, you can read momentum.
And you don't need indicators to do it!
Fast moved can make it difficult to jump on board “a moving train” on the time frame being traded without a large stop.
We are going to teach you how to read and trade momentum patterns objectively using the Master Trader Method, which applies to any instrument and on any time frame.
Learn:
• What is a momentum move versus a strong trend or a self-correcting uptrend
• The psychology of momentum patterns and how they are being created with supply and demand
• How to use Correction Bars/Patterns to enter with low risk
• How to use smaller Time Frames to perfect entry with a target
• Watch us scan for new trade setups and discuss what to look for to trade stocks and options for maximum returns
Learn Master Trader Technical Strategies for Swing and Options Trading - HERE
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Learn Mastering Advanced Credit Spreads - HERE
Master Trader and You Building Your Financial Future Together!
Happy trading! If you have any questions or comments,
please e-mail Greg Capra at Greg@mastertrader.com or Dan Gibby at Dan@mastertrader.com
All the best,
Greg Capra
Managing Director of Master Trader
Dan Gibby
Chief Options Strategist