1. Support & Resistance Zones
Basic but powerful.
Mark historical price turning points.
They act as key entry/exit areas.
2. Moving Averages (EMA 50 & 200)
Use for trend direction:
Price above = uptrend
Price below = downtrend
Crossovers = possible entry signal
3. RSI (Relative Strength Index)
Identifies overbought (above 70) & oversold (below 30) conditions.
Combine with price action for reversal setups.
4. Fibonacci Retracement Tool
Finds possible pullback levels.
Key zones: 38.2%, 50%, 61.8%
Best used after strong move.
5. Trendlines
Connect at least 2 highs or lows.
Use trendline bounces with candlestick confirmation.
Avoid forcing lines — let them form naturally.
Pro Tip:
No tool is magic alone.
Always combine 2–3 tools + price action = best results.
If this thread added value to your strategy:
Like it
Comment your favorite TA tool
Share with your trader friends
Follow @eragon_99 for more chart-based trading wisdom
Basic but powerful.
Mark historical price turning points.They act as key entry/exit areas.
2. Moving Averages (EMA 50 & 200)
Use for trend direction:
Price above = uptrend Price below = downtrendCrossovers = possible entry signal
3. RSI (Relative Strength Index)
Identifies overbought (above 70) & oversold (below 30) conditions.
Combine with price action for reversal setups.4. Fibonacci Retracement Tool
Finds possible pullback levels.
Key zones: 38.2%, 50%, 61.8%Best used after strong move.
5. Trendlines
Connect at least 2 highs or lows.
Use trendline bounces with candlestick confirmation.Avoid forcing lines — let them form naturally.
Pro Tip:No tool is magic alone.
Always combine 2–3 tools + price action = best results.
If this thread added value to your strategy:
Like it Comment your favorite TA tool Share with your trader friends Follow @eragon_99 for more chart-based trading wisdom
