A TRADER'S LIFE cover image

78 | Thiru Nagappan - Fx trader with his own smart indicator

A TRADER'S LIFE

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How to Quantify a Bottom to Top Move

A potential top can only be the highest point of a bottom to top move. When do we say that the potential top has become a confirmed top? So in this example and discussion here, in quantification is only when it fulfills that formula. The bar that confirmed that top will have a dot, which is called the confirmation bar. Now, all you have to do as a skill of a trader is you have to construct your strategy so that you are able to select those dots.

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