I consider these 4 components when taking my trades.
Levels - Look for previous Resistance levels to become areas of support, Look for previous Support levels to become areas of Resistance.
Structure - Basic Elliott Wave Concepts. Look for An Impulse Leg making a new Higher High or Lower Low, then wait for a pullback to Level. Structure qualifies Identified Levels as Trading Levels.
Reaction - Once Level, Structure and Liquidity have been Established the final step is to see the market react at the Pre Determined Level.
Fractals - Markets are Fractal, I like to see the market react from a Level then drop 2 timeframes and watch for a second iteration (Level, Structure, Liquidity).
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.