The above is the marker for past hour. None of the marker (S&R) got broken, only tested and touched few times.
If you notice now all price sit on marker (s) and retrace to mean line (m)
Once this marker broken, it's a break out.
Notice that this is the second test to the marker at bottom.
now price retracing up to test mean line (m).
past that we look for upward reversal.
failed that, the third test ( maybe the final test) for the bottom line to hold. Maybe they want to keep it until NYO to go for break to to go for max (80-90 pips for scalping again).
Now preparing for another set up. They waiting for fresh money to come in.
It's all there in your chart, play around with it, I give another chart later to see where the new marker will be., need to let the candle close first.
gibril
If you notice now all price sit on marker (s) and retrace to mean line (m)
Once this marker broken, it's a break out.
Notice that this is the second test to the marker at bottom.
now price retracing up to test mean line (m).
past that we look for upward reversal.
failed that, the third test ( maybe the final test) for the bottom line to hold. Maybe they want to keep it until NYO to go for break to to go for max (80-90 pips for scalping again).
Now preparing for another set up. They waiting for fresh money to come in.
It's all there in your chart, play around with it, I give another chart later to see where the new marker will be., need to let the candle close first.
gibril