The V-Trade Part 4: Technical Analysis—Trends & Reversals by Sylvain Vervoort
In this fourth part of a multipart series, we continue with the discussion of an important technical analysis concept, passive support & resistance. We’ll look at price trends, trend channels, the Andrews pitchfork, and applying a stop-loss, all with the goal of leading up to a multipronged approach to the markets.
The V-Trade, which stands for Vervoort trading, is what I call my method of approaching the markets. It’s the series of techniques I use to make manual and automatic buy & sell decisions, or a combination of both. Last month in part 3, I discussed passive support & resistance levels, Fibonacci projections, and daily pivots. I also provided an indicator that displays pivot levels on a chart. Here, I will continue the discussion of technical analysis, this time with a focus on trends and reversals ...