DislikedHi Bones,
I mainly trade channels and fib/support/resistance levels, and the price seems to be bouncing off the tips of your yellow boxes which is interesting.
How do you calculate the yellow zones? (i.e. which time periods of consolidation, and why you selected these?)Ignored
I think the technical term for them is Price Pivot Zones.
When I originally went to the James 16 thread I looked at the last few pages first and im sure I read it there some time ago. It was then I put them on my chart.
I then some weeks later started to read that thread from the beginning and am now on page 40 (there are over 200) and they have not been mentioned yet so I am not fully up to speed with them .Im just showing you what I know now lol.
They are basically zones which are taken from the past bars which are known to be congestion areas.
#doyourownanalysisordietryin