Dislikedabout no3, did you mean the way of candle back upward to supply level make a clear and good profit margin to go short in that supply?Ignored
Hi Green
I think I can answer for Ken.
Yes when price moves in like that it will give you a clear target area that is well defined. In the CAD example it would have given you a firm 2:1. If price meanders about when approaching a zone it just chews up the S/D in the zone and makes an iffy target
I also put fibs on this one.I will use fibs as an additional odds enhancer to help determine if I want to do a pending order. In this case 61.8 was right in there.
At the risk of sounding like a baseball fanatic (which I am). When you have a solid hit on a fast ball it goes into orbit. That is the way I picture a speed candle going into a zone. I get the connection it screams away faster and farther.
Illegitimi non carborundum - Noli pati a scelestis opprimi.