This is the phase every trend trader wants to participate in. Once buyers gain control, a pattern of higher highs and higher lows is established. The path of least resistance is higher. In a multi-timeframe analysis, if the weekly chart shows a Stage 2 uptrend, the goal is to buy pullbacks on the daily and 60-minute charts.
The book outlines how to watch for these moving averages to act as dynamic support or resistance as price fractals develop across different intervals. 3. Anchored VWAP (Volume Weighted Average Price) This is the phase every trend trader wants to participate in
: Identifies the primary, long-term trend and major support/resistance levels. long-term trend and major support/resistance levels.