Special Series Part 3 | Building and BUILDING! The Power of Momentum

Momentum is the next step for Technical Analysts after identifying trend. This third video in the GoNoGo Charts® educational series helps traders, analysts, and investors understand how momentum studies are calculated and what they seek to provide. Alex Cole, and Tyler Wood, CMT discuss the concept of confirmation and divergence with respect to price action. Equally important, they describe how many of the traditional oscillators are designed to highlight overbought and oversold conditions in market activity, but can leave a lot up to interpretation. Everyone should understand the concept of momentum indicators. But also, how a blended approach to multiple oscillators can alleviate analysis paralysis and indicator overload.

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