Disliked{quote} IMT doesn't work that way. It is not a means of prediction but rather a system of FOLLOWING what price is doing and reacting to that. So if you want to see many examples of "prediciting" on the weekend what is LIKELY to unfold on the following Monday, check here and you can decide if IMT gives me an edge in understanding what the markets are saying. You check what the various TFs are saying, looking for when the smaller TFs begin telling you that they are TRYING to go...Ignored
The red/green line represents M15. The white dotted vertical is my broker's open for today. Do you see M15 go into an up trend at any time so far today? I don't. You can see at the white down arrow on a red circle that it made a swing up, a subsequent pullback, then a return up. But the return up FAILED to make a new high, so the up trend attempt failed. NO POSSIBILITY of ANY TFs that are in down swings that are above M15 could be doing anything but going down. But check this thread at that time, and look at how many people were BUYING, despite the market TELLING you that selling was in order!
And every time that M15 went up (the red line turned green), when it turned back down without ANY TF above it going up with it, then the market is telling you loud and clear to look for another sell entry. No guessing, no predicting, just REACTING to what the market is saying.
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