About Fakeout
Thanks IF, so it's not a true engulf if it takes out a pivot high which is just a test of the original supply left (FL) Ah!!! Need to engulf whatever the pivot or swing is reacting to, so the original levels orders get hit and breached.
Thanks again. -chica
That's right Chica, we always look to what S or D are reactions to, rather than just S or D themselves. - IF
For clarification, are you saying an area that appears to be SD may just be a reaction to an area some way back, and therefore is best ignored (all though it may still cause a reaction) ? - JimN
This is my understanding of it. Explanation in image. Sorry at work and away from charts .
Maybe someone can explain it better, but thats how I understood it after IF's reply. I hope it is because it makes sense to me now....Than again I could be wrong. - Chica
Thanks IF, so it's not a true engulf if it takes out a pivot high which is just a test of the original supply left (FL) Ah!!! Need to engulf whatever the pivot or swing is reacting to, so the original levels orders get hit and breached.
Thanks again. -chica
That's right Chica, we always look to what S or D are reactions to, rather than just S or D themselves. - IF
For clarification, are you saying an area that appears to be SD may just be a reaction to an area some way back, and therefore is best ignored (all though it may still cause a reaction) ? - JimN
This is my understanding of it. Explanation in image. Sorry at work and away from charts .
Maybe someone can explain it better, but thats how I understood it after IF's reply. I hope it is because it makes sense to me now....Than again I could be wrong. - Chica
Attached Image
I come from the future.
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