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Steve reveals two popular Japanese tools on how to gauge if the market is overbought or oversold. Ever wonder how you can find support or resistance after a market shoots almost straight up or falls almost vertically down? See how to do this with retracements. Then learn when moving averages – when properly used- can be another tool when used in conjunction with candle signals. Since candles don’t provide price targets, Steve shows examples of Western price projections. He then shows how he predicted major highs and lows in the markets months before they unfolded using the synthesis of East and West.
Here's what you'll learn:
- The Disparity Index
- Definition
- Construction
- Using the disparity index to gauge if market is overextended
- Record session highs and lows
- Definition
- Using to measure overbought and oversold levels
- Candles and Retracements
- Using 50% retracements
- Using Fibonacci retracements
- Candles and Moving Averages
- Moving averages as support and resistance
- When to use - and not use - moving averages
- Candles and Price Patterns
- Head and Shoulders
- Inverted Head and Shoulders
- Box range breakouts
- Ascending and descending triangle
- Swing targets
- Bull and bear flags
- Price targets and candle confirmation
- East – West: Putting it all together
- How candles and west called major market highs and lows
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