Sideways Market Analyser Trading Tips
Sideways Market Analyser detect the sideways movement in rectangle form. When it detect, usually the opportunity for breakout can be materialized. Rather than just using the box as the breakout level, it is much preferred to look for short term support and resistance around the box as we have shown in our screenshot.
One might have difficulty to detect the short term support and resistance. In that case, you can apply the peak trough analysis for clear identification of such support and resistance around the box. When you do that you should aim for your entry near the box. For example for sell, your entry should be placed around the bottom of the box. For buy, your entry should be placed around the top of the box. We can say that the short term support and resistance are sort of the double confirmation of the entry.
The peak-trough analysis (Free in our site) is powerful technique which you can combine with your trading. Here we offer the screenshots for good trading setup on our Sideways Market Analyser with the Peak-Trough Analysis.
Our Peak-trough analysis tool is free of charge. You can download it from our website at no cost.
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