Hi alfonso, I have been noticing when i draw my rectangles. i usually put it on the high and the close of the candle; however, i notice sometimes price wont make it to the open of the candle and move away. so i have noticed that when i draw the rectangle on the high of the candle to the other high it hits the rectangle and moves away. my question my seem confusing, but the chart below is oil, it is just an example.? The first chart is how i normally draw my rectangles. Chart 1 shows the first way of drawing the rectangle, and the how the level up and to the right is Oringal and Fresh.
Chart 2 show the the other way to draw the rectangle and how the level up and to the right is NO longer Original.
Which way should the rectangle be drawn. if done the first way the level up and to the right is original. if done the 2nd way the level up and to the right is NO longer original. (NOTE) this is only and example. the reason i am asking this is because i see sometimes if i draw my rectangle the 2nd i see levels that were once original for swing trade, are no longer original?
Thanks for the help and input Alfonso
Chart 2 show the the other way to draw the rectangle and how the level up and to the right is NO longer Original.
Which way should the rectangle be drawn. if done the first way the level up and to the right is original. if done the 2nd way the level up and to the right is NO longer original. (NOTE) this is only and example. the reason i am asking this is because i see sometimes if i draw my rectangle the 2nd i see levels that were once original for swing trade, are no longer original?
Thanks for the help and input Alfonso