22.2% bullish, considering multi timeframe price action factors
Volume Put/Call ratio 0.35 Overbought OI Put/Call ratio 0.82 Average Put/Call Ratio 0.59 Overbought
Next webirar (London time): 23/08/16 20:00 youtube.com/c/marenno
How to use levels - 1. Wait till the level is reached, 2. Reversal pattern, 3. Confirmation , 4. Entry, 5. Target (intraday) is a last level on the direction mentioned with arrows. 1&2 period patterns:
1D bullish Pattern 1W bullish Pattern
Knowing the patterns of a higher time frame is very important. Sometimes they can conflict one to another, but it gives us the information of the possible correctional moves, or a start of a new direction, so basically, every time when conflict exists, you must examine a chart whether it is a correctional pattern appearence or a new direction, shall you close the existing trade or open the new one, does it give you a new oportunity or shall you wait, and also rememver, that when the monthly pattern appeared, it means that it is valid till the current month is closed, as by the price action rules, the pattern is clear only at the close of the candle or a bar.
Also I have decided to share a Levels, that take time to count, and you can use them as a bounce levels in a direction you trade: Option level R4 1.32809 Option level R3 1.32529 Option level R2 1.32289 Option level R1 1.31919 Option level S1 1.31339 Option level S2 1.31339 Option level S3 1.31329 Option level S4 1.31039
I really hope that sharing of my routine with you, will help you in your trading.
Also I really hope that in respect to my hard work, you will take time to use the data I share, you will put the levels on a chart, and will apply it to your trading.
Sincerely Arturs Jermolickis arthur@Marenno.com skype: marenno.business A short - government required disclaimer: I’m not providing any advice, and I do not guarantee any profit. What you see here is only a share of my view of the market.