Trading Additional considerations!
No matter what time frame, always look for the supply of tops and bottoms of the support. Connections should be accompanied with the volume and activity.
Expect the trend, or up or down, for 2 or 4 weeks.
The following conditions are fairly reliable indicators of the beginning of one of these trends (I personally skip the first purchase or sale of the swing when one occurs because the move followed can be very strong):
• narrowest election in the last 7 days
• 3 consecutive days with a small range
• The purpose of the wedge
• breakaway gap
• A rising ADX (14 period) over 32
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