Generally, picking tops and bottoms (highs and lows) is not the best way to trade. However, you can learn how to identify Yo-Yo Bars to help your trading.
In the video, you’ll see a group of candles representing a period where price “tried and failed” to reach higher levels. Price kept hitting an invisible ceiling for 35+ minutes. Price eventually went higher, but you probably would not have stuck around with an open position for that long. A single candle is not enough to identify such periods! After the Atlas Line Short (sell) signal, you’ll notice another Yo-Yo Bar grouping. Only here, price fails to go lower.
Throughout, a number of nice Strength (S) and Pullback (P) trades are sprinkled in. These signals belong to the Atlas Line, a price action signal software that provides a line that grows throughout the day. Its many signals appear based on how price “decides” to move around the line. For example, two closing candles above the line will produce a Long (buy) signal. Two closing signals below produce a Short (sell) signal. We teach you the Strength and Pullback signals in the member-only training video and live instruction.
The video concludes with another example of stalled bullish activity. You could easily draw a horizontal line across the common highest price value reached among many candles. Yes, you could look for a long opportunity once price surpasses (and closes beyond) a Yo-Yo Barrier. However, it’s best to navigate new price territory in the company of one or more trading systems/signals. Purchase one of our trading courses or software today and we’ll get you up and running in no time.