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Trading ETFs: Gaining an Edge with Technical Analysis, Second Edition by Deron Wagner

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CHAPTER 6

Supplementing the Basics

Now that you understand the essential methodology behind the top-down strategy, this chapter will discuss additional chart patterns and technical indicators that can supplement the basic concepts. Some traders may already be familiar with the patterns and indicators discussed in this chapter but may have never applied them to the analysis of exchange-traded funds.

Using Multiple Time Frames for Confirmation

Regardless of whether you are a short-term day trader or a long-term position trader, the use of multiple time frames for technical confirmation is one more tool you can add to your ETF trading arsenal in order to shift the odds more in your favor.

Upon selecting the best ETF for a new trade entry, one ...

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