Over the past few months, we have looked into the different indicators and charting tools that help us better understand price action. Today, we are going to take a step back and focus on the purest form of price and chart analysis: Trend and Wave analysis.
We will explore how the formation of swing highs and swing lows and trend wave analysis can help traders understand the overall market context. Every good chart analysis should start with an examination of trend and wave analysis, and we will show you how you should approach it using the recent price action of Gold Futures and T-Bonds ( 30-Year-old) Futures.
The Basics of Trend Analysis
Before we get into price analysis and chart studies, let’s take a look at the fundamentals. Every chart and trend pattern, including