Sample analysis:
- We have identified three trends, 4h, the 30m and 5m, to get an idea about the market structure. Each of the trends has been painted with a color. The Red 4h 30m the yellow and green 5m.
- They have been found three important levels in price from price action:
The red circles mark the time when the price returns again and again to the same level. That is why it is called RECURRING price level.
Thanks to have found trends, it has been observed that the price is in a situation of breaking of a very important channel, the higher timeframe.
Using the significant levels have been found three possible places where the price can go.
- We have identified three trends, 4h, the 30m and 5m, to get an idea about the market structure. Each of the trends has been painted with a color. The Red 4h 30m the yellow and green 5m.
- They have been found three important levels in price from price action:
The red circles mark the time when the price returns again and again to the same level. That is why it is called RECURRING price level.
Thanks to have found trends, it has been observed that the price is in a situation of breaking of a very important channel, the higher timeframe.
Using the significant levels have been found three possible places where the price can go.
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