Anyone who wants to learn about the stock market and how it works, and apply the knowledge to be their pen BOSS
The Key strategies to be implemented:
Trend following Strategy
- Identification of the dominant trend and waiting for a pullback to trade in the dominant trend of the market
- Plotting key areas to identify the pullbacks
- Break of minor pullback so that the larger trend can continue
Trend Reversal Strategy
- Identification of the trend
- Break of dominant trend line with a key pattern for the potential of a reversal
- Identification of key zone for a pull back once the reversal has been confirmed
Identification of key zones (very key)
Using the various tools to identify a key zone with the help of the following
- Trend line
- Resistance and support
- Other confluence factors
Understanding the role of momentum and how it confirms the directional bias once potential setup identified