{quote} daily direction is up reading is higher low divergence already started I can't see it reaching 2250 without a sideway first then a change of reading LHLL {image} cheers,
cheers,
"the public is not yet ready for it" W.D. GANN
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cheers,
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I'm enjoying the wins because I was once terrified by loses
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{quote} 3 swings up forming on H1, better viewed on 15 minute , divergence on B with C making a HH confirms the correction as an expanded flat, H4 confirms the whole swing is corrective as we would be going against the prior upswing with no structure break. {image}
I have no need to attempt to assign rather complex patterns to the multiple swings of a smaller TF that build a swing on a larger TF. I already had an expectation that the 1.2436 high was ending an uptrend, so the ensuing down swing would likely be the beginning of a new down trend, requiring smaller TFs to go into down trends to build it.
So I followed the down swings as they progressed upward through the TFs. When it was confirmed on H4, I looked at how H1 was building the H4 swing. When H1 and H2 swung back up essentially together, with no pullback on H2 before H4 also joined the upswing, it was now a simple matter of how this H4 swing would end--as a lower high to create a rally in the new down trend that was building, or as a new high and just another up continuation. With the H4 lower high confirmed, the subsequent down swing was treated as a down continuation.. H8 did not join in any of this down trend, so now that the H4 return down has ended at a higher low, I treat the current H4 upswing as a a return of ALL TFs from H4 and lower back to the bigger uptrend, and likely that price will go beyond the 1.2436 high, if not on this up swing, then after a pullback and return up.
The markets are speaking to you. Do you know their language? I M T
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Be kind, the money will follow
