Beyond Charting & Price Action
The Business of Making the Right Trading Decision Beyond Charting & Price Action Analysis
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Thomson Reuters - Eikon
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What is the most effective application to use or measure a price change on a rebound or decline?

In a series of Q&A; we were asked this question: 

NT101 LogoQ: What is the most effective application to use or measure a price change on a rebound or decline? And how to Project a price call?

A: There are a few effective methods to approach this kind of trading scenario that can best be applied, namely summarized as follows:

Video Version on Youtube link: https://youtu.be/iKZnIAGKh2k

First (2) logical steps to this approach: 

1. Define the market condition on the fundamental and technical stand point. Fundamental means when and how the next risk events would affect price action; while on the technical is how the trade-setup looks in its configuration. Select best time frame between the Asian, European and US Trading session.

2. Identify benchmark price levels as price point reference for the corresponding resistance and support if prices are confined within a specific range bound price movement. Or a particular chart pattern can likewise be recognize.

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