What are the various types of confirmations and which one is the earliest?
While results may vary depending on the specific trade setup, the following chart provides some insight into what confirmations to look for and which of these confirmations comes earliest.
Here is the time sequence for which confirmation came first. After the buy signal, the earliest confirmation was:
- The Doji Candle
- Up Arrow on the confirmation panel
- “Window of Opportunity” (barless period of the slope indicator)
- Trend Arrow Up Arrow
This sequence may vary from trade to trade, but knowing what to look for in advance will always help you make better decisions.
