GrGoum can you please explain what is the green rectangle and how you find it?
Ignored
original consolidation
MM Buy Model:
Green 1: consolidation around a higher tf resistance level (hunting climax reversal type patterns: turtle soup, otes, candlestick patterns) 12 min (once market breaks below the range)
Red: Breakdown/swing down from previous consolidation (5min-daily), retest of broken support of the consolidation (turtle soup, ote set up); it could break out and never retest broken support of the previous range. Ideally, you want a retest, but it doesn't have to.
Grey: smart money consolidation/reversal on higher tf support level (htf ob
Blue1: first profit from lower high to support range (possible sell ote); possible ote for buy; red to gray swing
Blue2: second profit from high to support range (possible sell ote for sell continuation); green 1 to gray swing
Green2: short term profit taking; take out stops from green 1 consolidation. Logical area of stops; majority profit taken because this area could be a reversal and retrace down deeper from grey to green 2 swing up; Be profitable!
MM Sell model:
Green 1: consolidation at a HTF support level to run up, price makes a move up
Blue: break above consolidation, can retrace down for ote, turtle soup low to push up to a HTF resistance level, retest if broken consolidation of range resistance turn support
Grey: price trades up to HTF resistance level then a break down; don't know if it'll be a high (4hr+ HTF)
Red1: break down from grey area; can retest broken support of grey; tp 1
Red2: tp 2
Green 2: majority of profit taken; taking out green 1 stops
