ilmscore | ULTIMATE Market Structure Trading Course | Beginner To Advanced (Part 1)

Predictions from this Video

Total: 8
Correct: 0
Incorrect: 0
Pending: 8
Prediction
Topic
Status
A perfect trading indicator that never loses will not be found.
"if you're currently on YouTube trying to looking for a perfect indicator that never loses I can tell you right away that you won't find one"
Trading Indicators
Pending
A slight price reversal during a trend climax can trigger a snowball effect, leading to sharp moves in the opposite direction of the trend.
"the slightest speed bump so if we just start to see the price reversing a bit this can easily lead to a sort of Snowball Effect and we can see Sharp moves in the opposite direction of the trend"
Trend Climax Reversal
Pending
A market experiencing a buying frenzy (trend climax) can soon sharply reverse to the downside.
"when we start to really get in a buying frenzy it can soon sharply reverse to the downside"
Trend Climax Reversal
Pending
As a trend nears its end, candlesticks will often be completely outside the Bollinger Band (free bars), signaling caution or a potential reversal.
"when the trend is you know starting to near the end you will also usually see uh candlesticks you can see for example these two candlesticks that are completely outside the band you can see the whole candles here are outside the band this by the way is what we call free bars so a free bar is when the whole Candlestick is outside the band and that basically means that the candles are way way above the norm and this is definitely a warning sign or at least a sign of caution if you are in this trade"
Trend Climax Indicator (Bollinger Bands)
Pending
The Fibonacci retracement tool can identify price areas where pullbacks are most likely to reverse.
"the important thing here is that we can use this tool to find areas on the chart where the pullbacks are most likely to reverse"
Fibonacci Retracement
Pending
The 38.2% to 61.8% Fibonacci retracement range is a common area for price pullbacks to reverse and continue the trend.
"A good rule of thumb you can use when you analyze pullbacks is that this range right here is a common area for the price to reverse and continue the next impulsive move"
Fibonacci Retracement
Pending
Successive impulsive moves in a trend tend to be roughly the same length.
"another very useful rule of thumb is that the impulsive moves itself so this move and this move tends to be you know roughly the same length"
Impulsive Move Length
Pending
If price fails to break above the highest point of the previous impulsive move, it could be a strong sign of a reversal.
"if the price breaks above then we are officially in the next impulse move however if we fail to break this level right here this could be a strong sign of a reversal"
Resistance/Reversal Levels
Pending