Dax 4Hr idea for 30.01.2023
Updated
presenting my idea on Dax day and week
in week time frame DAX made an Inside Candle so that range becomes
imp. for this week and if not broken then for coming weeks
an 4Hr inside candle also formed
Inside candles of past can affect price movement in future
in week time frame DAX made an Inside Candle so that range becomes
imp. for this week and if not broken then for coming weeks
an 4Hr inside candle also formed
Inside candles of past can affect price movement in future
Note
If price opens above a higher time frame IC, there is 20% chance that price closes below that IC in that time frame, it always pulls back sharplyNote
if price opens below a time frame line than mostly it will act as resistance for that time frame and conversely it is also true
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.