Determining directional bias with fib ratios, pivot levels, S/R lines.

Discussion in 'Technical Analysis' started by clambill, Mar 9, 2009.

  1. If any of you trade using these indicators, how do you determine your directional bias?
  2. rickf


    I don't use any of them -- if the price chart is going from the lower left to the upper right, the trend is bullish; if the chart is going from the upper left to the lower right, the trend is bearish.

    Trends can be within other trends; ie you can have a bearish trend that's profitable nestled within a much larger bullish trend. All depends on how you trade and what you see in the markets!