moonchild
VIP Contributor
Top down Analysis is the art of using different Time-frames to analyze the market, as a trader you shouldn't see the market from one single perspective, it's important to pay attention to other aspects, it'll help solidify your analysis and also give you confidence while trading, in a top down analysis you start analyzing from the top daily chart, if you're a day trader.
Plot the chart and then move to 4 hour and analyze it too using price action and then down to one hour and from then you can move to your trading timeframe to place your trade.
What's your own experience with top down analysis?
Plot the chart and then move to 4 hour and analyze it too using price action and then down to one hour and from then you can move to your trading timeframe to place your trade.
What's your own experience with top down analysis?