Professional Price action trader's analysis will be from higher time frame to lower time frame.
Higher time frames like Monthly, Weekly, daily, 4Hour are acts as Major Supply & Demand levels for any script.
Lower time frames 1Hour, 15min, 5min are used to enter the market.
In the chart of USOIL, I have mentioned the major Supply & Demand ranges in line and its text options.
MSR - Monthly Supply Range
WSR - Weekly Supply Range
DSR - Daily Supply Range
DDR - Daily Demand Range
4HDR - 4Hour Demand Range
For Positional traders, it will be help full to see all major time frame Supply & Demand ranges in 1Hour chart to proper entry with good Risk to Reward ratios.
Also no need to switch between Higher time frames every time.
Hope everyone will utilize this content & take your trading journey to the next level.
Take care & Trade wisely.
Higher time frames like Monthly, Weekly, daily, 4Hour are acts as Major Supply & Demand levels for any script.
Lower time frames 1Hour, 15min, 5min are used to enter the market.
In the chart of USOIL, I have mentioned the major Supply & Demand ranges in line and its text options.
MSR - Monthly Supply Range
WSR - Weekly Supply Range
DSR - Daily Supply Range
DDR - Daily Demand Range
4HDR - 4Hour Demand Range
For Positional traders, it will be help full to see all major time frame Supply & Demand ranges in 1Hour chart to proper entry with good Risk to Reward ratios.
Also no need to switch between Higher time frames every time.
Hope everyone will utilize this content & take your trading journey to the next level.
Take care & Trade wisely.