The strongest signal in technical analysis. Divergences and trend reversals. Alexander Elder
All trading on the stock exchange and forex market is based on tracking signals from technical or fundamental analysis.
These signals allow you to open the most profitable trades and trade with maximum efficiency.
In technical analysis, there are several basic signals that have proven their usefulness over the years.
These are exactly what will be discussed in Alexander Elder’s book “The Strongest Signal in Technical Analysis: Divergence and Trend Reversals.”
The author of the publication does not need to be introduced to anyone; Alexander Elder is a recognized trading guru, who has devoted more than one year to trading on the stock exchange and has written many books about it.
From the title it is already clear what this book is about, but still, as usual, let’s get acquainted with its brief content:
2. Bearish divergence – when it is observed, what it portends and how it behaves MACD indicator.
3. Exercises for readers - which will help you identify bullish and bearish divergences on charts of currency pairs.
4. Conclusions, stop orders and target profit - a clear description of entry points into the market based on the signals described above. Places for placing orders stop loss and take profit.
5. Additional information on working with discrepancies - using other indicators, different time scales, searching for discrepancies on charts.
This book can hardly be called a full-fledged textbook, it is more of a methodological guide, but this does not make it any less interesting and useful.
The ability to accurately identify at least two signals described in it will already make your trading more effective.
Download The strongest signal in technical analysis