Swing Trade Routine - Update 3

[vchandra11 8]

This is last example of Graphical Analysis.

This is a great example as it involved identification of a complex double bottom base formation of ALGN over a lengthy period. As you can see, this type of analysis can identify great trades and give us the edge.

For this analysis  I also used the ZIGZAG indicator to help identify the impulses and retraces of the price action.  Besides Moving Averages and SAR indicators, other indicators and oscillators come in handy as well.

Coming up: Trade Calculations

 

Typical Graphical Analysis - Double Bottom Base - Before Trade.pdf Typical Graphical Analysis - Double Bottom Base - After Trade.pdf