Momentum is one of the most misunderstood indicators in market price action. In this video, I break down how a Price Oscillator can be used as a functional trading indicator for momentum. We take a look at how to tie the indicator into Elliottwave structure for both confirm of the wave structure, as well as provide a reliable indication for price reversal. There are two main uses for the Price Oscillator technical indicator which are highlighted for you to enjoy!
AUD/USD – Price Oscillators as a Momentum Indicator 9.26.2016
If you are interested in learning more about trading strategies, developing the trading plan that is right for you, or just have any questions or comments, feel free to contact the Elliottwave Forecast Educational Team!