Sunday, January 19, 2020 10:16:27 PM
Computers are always involved in trades.What we don't know is what key points the algobot is using.
So yes, there will be times Fibonacci and waves are very much a part of the movement too.
Yes, divergences are a big part of the alert flag that a change in direction may be on its way.
Negative divergence is indicators are losing strength while price continues up and positive divergences are just the opposite. Indicator change happens before the actual price change and puts you on your toes to prepare to enter or exit. Check for resistance etc. against your expected target price.
See, you are almost there to becoming a scalper.
So yes, there will be times Fibonacci and waves are very much a part of the movement too.
Yes, divergences are a big part of the alert flag that a change in direction may be on its way.
Negative divergence is indicators are losing strength while price continues up and positive divergences are just the opposite. Indicator change happens before the actual price change and puts you on your toes to prepare to enter or exit. Check for resistance etc. against your expected target price.
See, you are almost there to becoming a scalper.
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