Reversal Trading – The Wiz Trades

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Knowledge Check

1) What does momentum trading mean?

Trading based on uptrend line or downtrend line

Trading based on breakout patterns

Trading based on how high it goes

2) What is the safest entry zone?

RSI 90

Right at the uptrend line support

MACD curling up

3) How do I draw a line to see if its got uptrend line?

Draw a line every 5 mins low candlesticks

Draw a line on top of every 5 mins candlestick

RSI and MACD