DislikedHi Jim, Could you point me to an explaination about hourly signatures? Thanks VickyIgnored
Let me know if that helped ..
Jim
DislikedHey Peter . .let' s see if I can go over this by using Kaykay's charts and questions . .by the away, great trades and targets Kay Kay . .excellent . What I call "Signatures" is just a way of confirming if a level is either Support or Resistance by which Price cannot close above or below it on a given Time Frame. If we have a level and Price cannot Close above it on the Hourly we would say that this level is acting as Resistance on the Hourly. . .Bearish Hourly Signature. just the opposite for Support .. . If we have a level and Price...Ignored
Indicators show the past. Price Action "Indicates" the future.