Disliked{quote} ok, its the levels ahdat , the big why? im trying to figure out the process, i could pinpoint where in the engulf it turns, but which engulf exactly. your contribution is highly appreciated {image}Ignored
Remember we are looking for tricks being played into tricks played in the past. The obvious levels are where the retailers are likely to enter, so we must take a look at these levels.
Also, my understanding is that price goes from LS , Flag Limit to LS Flag Limits on their respective time frames. So those small bounces are in fact bouncing to their next target most of the time. When they are not is where we know the ITs intentions of where they want price to go.
Example: Price engulfs a Lower Flag Limit on 4hr, but does not reach the next level below, we then know that ITs are looking to take price to that Lower Flag limit that has not been filled yet. So we take a trade at a good level where they can. That 15min level was within your 4hr FTR, making it a 4hr level, that filled the range that the last engulf did not.
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