How to determine the trend change?

Discussion in 'Trading' started by sahheng, Oct 13, 2002.

  1. sahheng

    sahheng Guest

    The index or stocks MUST AT LEAST break the .786 fibonacci retracement level or a new relative high/low before a trend can continue? Please comment?
  2. Since the markets r fractal in nature there is always a trend in every time frame.

    So knowing this, u must decide what time frame u r trading, and if your particular time frame is trending, how far it will go.

    Elliott Wave is probably the best, and most complete definition of market movement, but only a scarce few can actually trade it.