4(c). Iron Dome - TrendX Entry Strategy

Iron Dome - TrendX Strategy

Iron Dome is already an incredibly powerful indicator on its own, but when paired with TrendX, its effectiveness becomes unparalleled.

The concept of confluence is crucial in trading because it combines multiple signals or factors to strengthen the confidence in a trade. When different indicators or factors align, they provide stronger confirmation of the potential trade outcome.

TrendX is particularly useful as it provides real-time alerts for overbought or oversold conditions. When combined with Iron Dome, which identifies heavy institutional buy or sell pressure, the confluence of these signals creates a potent trading strategy.

As you can see from the example below, when TrendX indicates that the price is overbought and Iron Dome detects significant institutional sell pressure, there is a very high probability of a reversal. Both indicators are highly reliable on their own, and their confluence further increases the likelihood of a successful trade.

Example: The image above illustrates a high-probability entry to the downside. Iron Dome indicates heavy institutional sell pressure, coinciding with TrendX signaling that the price is currently overbought in real-time.