Now when you look at this chart you can see that the price is at a resistance level after a double top - this double top is what gives the look to the price chart like a rocket.
Now am going to show you the rocket booster strategy on this chart and it is as follows: Step 1- The price is above the 50 MA Step 2- The 50 MA Is Crossed above the 200 MA Step 3- The price has gapped above the MA's [50,200]
This is the rocket booster strategy now you need to learn more about market psychology but this is not what this article is about this article is about introducing you to technical indicators in order to give you the ability to analyse trends.
Remember to rocket boost this content to learn more.
Disclaimer: Trading is risky you will lose money wether you like it or not, please learn risk management.
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