Here we see the AVERAGE is trying for the LL so have a guess where the price should stretch for.
This gives a bias we can work with at the lower time frame.
This gives a bias we can work with at the lower time frame.
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Disliked{quote} Hi Kevin, It is trading below the H1 EMA which is making a Lower Low swing. My overall Bias is down. Possibly the election gap will be closed. What a night. The second leg down started early today, missed it completely. This is not a market where I feel comfortable, tbh. Mainly I should try to get in short business from M5 M15 EMA. But H1 completed an ABCD in divergence {image} 3243/3235 Asian low is obviously a level to watch for at least a retracement back. If we get there it seems to be with div. I will watch this on the M5 for an HD....Ignored
Disliked{image} Hey Jazz, can it been seen this way, this morning i marked the last price swing high on the H1 as a ZOO, it was close to that EMA 26 swing high on the M15. It was reached on the H1 in a bearish rsi/rsi and on the M15 in a HD (and i missed that) From then i started looking for shorts and i entered on the M5 after the hook and closed at the bottom off the range as it was ranging this morning. So can previous price swing highs or lows been seen as a ZOO on the H1?Ignored
Disliked{quote} My answer is yes sure. I like your chart, good analyses. Just your entry could have been earlier and higher IMHO. Look at the pic below here, I have marked the HD clear. As soon as price came back in the balance area you could have jumped in, e.g. at the next bar open. {image}Ignored
DislikedHi Kevin, Yes we were trading above the H1 EMA, while that EMA was trending up. Reason I took the short is that the ZOO was Friday's resistance. Price went down from that resistance for a big deal. I shorted because Price retraced circa 50% of the total move down, backed up by the divergences. You know, the risk is set tight. The reward had enough space to the H1 EMA.Ignored
Dislikedmissed that upmove, just arrived, but i guess the HD on H1 was the start for the move ABCD on the M30Ignored
Dislikedmissed that upmove, just arrived, but i guess the HD on H1 was the start for the move ABCD on the M30Ignored
Disliked{quote} isn't that one well outside of the 108 bar? im just learning tho been reading the thread all day..Ignored