Sometimes you need to know when not to trade. Hawkeye identifies this very clearly using multiple timeframes. I illustrate it for you in today’s market update.
The Hawkeye Perspective
Using the daily, weekly, and monthly charts, Hawkeye Trend shows that all three charts are trend neutral. The monthly chart is in a neutral uptrend, the weekly chart is in a neutral congested downtrend, and the daily chart is in a neutral downtrend. When the trend is neutral, it is a good sign of choppy range-bound trading.
Therefore, it’s good to know when not to trade. Trading during congestion results in weak trends, and choppy price action. It kills trend trading strategies. The Hawkeye Trend was designed to keep you safe, and help identify weak, neutral trends. Learn to trade the Hawkeye way.
Join Randy in the next free LIVE Hawkeye Demonstration Room held every Wednesday at 9.30am EST US. You will learn more about volume and volume price analysis and see more examples and live trade setups. It is open to all.
Learn to trade the Hawkeye way.