In a Bull run...buy retests on these price lines........especially on waves 1 , 3 and 5 of the Elliot wave. In a bear market.....sell any retest on these price lines. Especially on waves 2 and 4 of the Elliots wave.
A major bull Rally will follow a break out candle sitting on these prices lines, example...98537 in the drawing above. Same to a bearish downtrend....when a huge bearish candle sits below these price lines.The recent happening this week point 100700 on the chart above. king's ideas