The Three Souls and the Inverted Three Souls are easy to understand when viewed through Dow Theory! Taught to me by Muscle Trader Yuchel.
The Dow Theory is a principle many traders pay attention to in the market. Applying this theory helps deepen understanding of the head and shoulders and inverse head and shoulders patterns. The points for Dow Theory and head/shoulder strategy revolve around the “support low” (押し安値). As a bonus, we’ve also included physical training for traders. This time, it’s neck stretches. If you suffer from stiff shoulders or headaches, please refer to this.
What you can learn from this video
In this video, you will learn the following:
- Most important! Find the highest price and the support low
- Only when the support low is broken does your perspective shift!
- Should you look at lows and highs by wicks or by closing price?
- Explain by fitting a head-and-shoulders pattern into the Dow Theory image
- About the trading time window
- Whether you can cut losses when the scenario collapses is crucial
- Trader’s physical training (neck stretch)
● Video: 18 minutes 55 seconds
<A quick look video>
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For those who purchase the article, the FX videos are embedded at the bottom of this article. Click the play button to start the video.
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