A close below 50% of today's bar is a micro divergent bar...
Komentarz
⋅
We've just broken the 50% level All we have to do now is close on the daily below it to have a confirmed Micro Divergent bar
Komentarz
⋅
So what is a micro divergent bar...
Komentarz
⋅
The candle just closed at almost exactly 50% so I would classify that as more indecisive then bearish
That's it for tonight I guess
Komentarz
⋅
And.... We have broken the lows .. finally
Komentarz
⋅
The UML of the pitchfork is currently acting as support Next support is TS Then the KS Then the ML where we should expect some important action if we break the 3 levels of support mentioned above
Komentarz
⋅
Komentarz
⋅
The power of the PanOptic Method... Have a nice weekend
Komentarz
⋅
We broke the high and are back at the resistance line We should expect a reaction here
Komentarz
⋅
Also, how price will react now will tell us a lot about what to expect next So today's candle is really important
Komentarze
patterntrader
⋅
In fact, this chart provides a different perspective of the market. This type of charting idea never passed through my mind. It is always good to keep in touch with professional traders.
Thank you for sharing this chart. Continue your good work.
Thank you for sharing this chart. Continue your good work.