Hello all,
We are at a nice decision point atm. where the market is sitting on the Upper Parallel of the Mod-Schiff Pitchfork after finding support at my Square Root 2nd Rotation S/R Level ( See Linked Chart on how these levels were created ). If you observe the 1st play at the 1st Rotation level of 1.52610 it shows a great example of how we can use both pitchfork diagonals and the Horizontal S/R line.......to catch the reversal.......More often then not after the ML was ZOOMED temporary support was found @ the horizontal & if a ML is nearby it often will extend passed horizontal support & pullback to the ML and then continue in the original direction.
If we get another ZOOM candle past the Upper Parallel I will look to go long on a pullback to it! Targets are on the chart! If we don't get the upside breakout, I will re-asses another possible down leg to the Mod Schiff Median line.
We are at a nice decision point atm. where the market is sitting on the Upper Parallel of the Mod-Schiff Pitchfork after finding support at my Square Root 2nd Rotation S/R Level ( See Linked Chart on how these levels were created ). If you observe the 1st play at the 1st Rotation level of 1.52610 it shows a great example of how we can use both pitchfork diagonals and the Horizontal S/R line.......to catch the reversal.......More often then not after the ML was ZOOMED temporary support was found @ the horizontal & if a ML is nearby it often will extend passed horizontal support & pullback to the ML and then continue in the original direction.
If we get another ZOOM candle past the Upper Parallel I will look to go long on a pullback to it! Targets are on the chart! If we don't get the upside breakout, I will re-asses another possible down leg to the Mod Schiff Median line.
Penerbitan berkaitan
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.
Penerbitan berkaitan
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.