I trade based on 3 Levels as described on the chart.
Level 1 - There was a W reversal on the Daily Low which led to a strong bullish move by the Market Maker (MM)
Level 2 - There was a consolidation (which also can be seen as a correction) that then led to a weaker bullish move that was market-driven by emotional traders, in the absence of market makers support
Level 3 - There was less consolidation, but now the first Peak of the M has touched the Peak Formation High and now price is showing a Bullish Engulfing candlestick which tells us a short-term uptrend, expected to hit the second Peak of the M (as per Entry Price) for a big drop from the Market Maker. The expected downward move will then be the Level 1 of the cycle.
Level 1 - There was a W reversal on the Daily Low which led to a strong bullish move by the Market Maker (MM)
Level 2 - There was a consolidation (which also can be seen as a correction) that then led to a weaker bullish move that was market-driven by emotional traders, in the absence of market makers support
Level 3 - There was less consolidation, but now the first Peak of the M has touched the Peak Formation High and now price is showing a Bullish Engulfing candlestick which tells us a short-term uptrend, expected to hit the second Peak of the M (as per Entry Price) for a big drop from the Market Maker. The expected downward move will then be the Level 1 of the cycle.
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.