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Market Trends

Uptrend:
Higher highs and lower lows

Note: The higher low only officially becomes a higher


low if the high crosses the higher high and vice-versa for
bearish trend.

Downtrend is basically the opposite of this.

The trend is reversed only if the low is lower than the


official higher low and the high is higher than the official
high.

Momentum
Momentum shows how energetic the market is in a certain direction.

Candlestick Psychology

Candlesticks can be used to read the psychology of buyers and sellers in the market by which we can
infer if the market is going to go up or down. Candlesticks do not have a high win rate standalone
but when paired with price action and other factors, they can be quite rewarding.

The long wick of the candlestick indicates that the buyers got the price up high, but the
closing price is really low which indicates that the sellers won the battle indicating a
downtrend in the market.

The opposite can be said for the bearish candles of the same design.

Trend Table (Plug-In)

This is an indicator that can identify momentum, volatility and volume saving you the hassle of doing
that yourself. When the volume and momentum are both in bullish
or bearish state that can be a pretty strong indication to enter or
exit a trade.

https://www.tradinglab.ai/

The Checklist
 Market Structure
 Candlestick Patterns
 Volume
 Momentum

When all of the above are indicating the same trend, that indication is almost 100% accurate and can
be a really good indication of when to enter and exit a trade. The more items are checked on the
list , the higher is the chance of the trade being successful.

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