DislikedDisregarding the more current PA to the far right of the chart, just by observing PA and marking that lowest low of that 40 day period, we are alerted to a potential profitable downtrend.
As we only need the vertical gold line marking the lowest low, I have removed the arrow and the highlighted area. Moving to a lower hour TF and using the H1 4C BO system for entries, here is what we have seen over the last few days...a steady march of PA downhill and right through that lowest low support line of the last 40 days.
What is the significance of...Ignored
Ahh the turtles, so this 40 day entry method is this something you have been using and will continue to use? I love the simplicity of it..