DislikedThe butterfly is working its magic. Still have some to go before reaching the 618 retracement at 15420, that happens to be the monthly pivot.Ignored
how about simple market behaviour... let me explain...
1) gu daily range from high london yesterday to london close was completed at 1.5320 with an EXACT DAYS range of 120 pip ( this is current 21 days average range).The reversal was 100% predictable as rarely does a daily candle form with out some kind of wick . This was the play that Magik was trying to get yesterday but it was one of the odd days it does not happen.
2) 1st black line buyers , 2nd black line also buyers... simple retrace on daily candle to form wick for my current day.
For daily i use London to London as to me starting a day in low volume asia makes no sense. I prefer to end the day there as this is where the wicks on the daily candle form and the positioning for the next day occur.
I have never traded a gartley pattern , rarely use ew or fibs , just simple s/r end of days ranges and vsa. There is a simple market behavior everyday that once understood can be taken advantage of
Blogging daily now at www.volume.zone