Dear TSD,
could you help me to understand " So here’s the question: Do we have a Daily down trend and a 4HR up trend??
Answer: No … We have a Daily downtrend and a 4Hr downtrend. Reason … The HH’s and HL’s forming are forming inside the base from the previous move down from the 3595 area /4HR Supply zone above. We have a forming Drop-Base-Rise pattern. The 4Hr is resting inside the Daily (green inside blue). If you take this 4Hr down to a 30M level you will see virtually the same Supply level. This is the fine tuning KL speaks about and what you want to achieve."
Could you please draw some clarifications ont he chart, concerning your anlayse above.
could you help me to understand " So here’s the question: Do we have a Daily down trend and a 4HR up trend??
Answer: No … We have a Daily downtrend and a 4Hr downtrend. Reason … The HH’s and HL’s forming are forming inside the base from the previous move down from the 3595 area /4HR Supply zone above. We have a forming Drop-Base-Rise pattern. The 4Hr is resting inside the Daily (green inside blue). If you take this 4Hr down to a 30M level you will see virtually the same Supply level. This is the fine tuning KL speaks about and what you want to achieve."
Could you please draw some clarifications ont he chart, concerning your anlayse above.
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The week ahead AUD
Here is a 4HR view of what may be in store.
Looking left we see a 4HR Demand bounce on Sept 26 w/a 3280 low... We then had a move back in this area that went to 3270 low... In keeping with KL’s previous statements regarding a second revisit into an area, price will tend to move deeper into the level on it seconded revisit.
[font=Calibri][size=3]What makes this interesting are the...Ignored