little thread about HTF and LTF levels and what they mean in context.
If you like to read more such threads don't hesitate to shoot a comment.
- chart currently shows highest weekly close on top and bottom aka supply and demand.
- the long wicks above and below do not usually make sense to the untrained eye.
- using multiple time frames we can dig deeper into price action and make use of key levels of support and resistance giving us an idea about where price might move next.
If you like to read more such threads don't hesitate to shoot a comment.
- chart currently shows highest weekly close on top and bottom aka supply and demand.
- the long wicks above and below do not usually make sense to the untrained eye.
- using multiple time frames we can dig deeper into price action and make use of key levels of support and resistance giving us an idea about where price might move next.
Nota
Looking at the same chart on a daily level i have marked a box to visualize what was noise on a weekly level Nota
marking key levels on a daily chart D1 narrows down and area and gives us an indicator that helps with planing our next moveNota
in this daily view the weekly level in blue and daily level are overlappingNota
should our daily candle close above this level we have got a quite good signal that this move to the upside might continue either directly our with a retest of the breakout line.Nota
let's dig a little lower and look for possible entries Nota
some schools of thought will see a symmetrical or ascending triangle here followed by a breakout and retest. Personally i see price action chopping around a key level on lower time frame that could give me signal for further continuation.Nota
while i do suggest to only trade big times frames only i do know that many are struggling with this by checking lower time frames constantly.Nota
i hope this little thread give some of you an idea about how to better check multiple time frames , better entries and a better over all understanding of market structure.Nota
this actually worked , what do you know
TB
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.