MULTIPLE TIMEFRAME ANALYSIS
Having Received countless of Approach on How I look at the Market to gain the Right Directional Bias, here I laid it out bear for your digestion.
I will like to say thank you for reading all my previous post and do not hesitate to comment or ask question.
TOP DOWN ANALYSIS APPROACH
This makes it easier to know which Direction you want to plan your trade in alignment to the HIGHER TIME FRAME.
I hope this will help your ongoing trader development and takes out those confusion when it comes to organising your bias,when to trade and when to be patient and when to start looking for opportunities on lower timeframe to then reduce your risk and keep you focus.
I will start from the Monthly Chart on ONEUSD a cryptocurrency called HARMONY that I believe will 10X it’s current price as we progress in Blockchain takeover
MONTHLY CHART
Monthly TimeFrame Blue 12EMA
A Support that act like a trendline
WEEKLY CHART
Same like Monthly 12EMA
But here Orange 36EMA on Weekly:A
Retracement level to consider adding new
Position in the Direction of the HTF
We saw a slowing week on the last red
That leads to the last week bounce
DAILY CHART
36EMA rejection Bounce on DAILY
Cautious area to take profit
Look for Rejection
Look to BUY Cheaper on OTF
8 HOURLY CHART
36EMA on 8HR with a Candlestick or
PRICE ACTION to look for the Discounted
LONGS and 2 good Confluences
Candlesticks HAMMER Price Action +
36EMA bounce
In Between the 200EMA
633EMA is a VOLATILITY GAP
This is where I observably expect
price to bounce Couple times in
betweenbefore we can make a directional
headway.
A VOLATILE REGION You can identify
in any market as price proceeds. So this gives you
a readiness awareness of what to expect and
for how long. 8HOURS represent a whole trading
SESSION
6HOUR CHART
Higher High 200EMA Selloff
on 6hr Corresponds the36EMA
on DAILY
BULLISH ENGULFING on 6hr 36EMA
after a potential longer term 8hr
(All Asian Session) Price Bounce
And maintaining of Higher Low
Price Structure
4HOUR CHART
Short Term Break of Structure (BOS) on 4hr
Chart is a good caution to let us know that
price won't just rise so easily higher
2 HOUR CHART
For Price to Change Direction
We have seen 1st 2hrs of hitting
200EMA rejection
Another 2hours of Price Slowing
without making a new low follow by 2hrs
of another Price Slowing after a Preceding
Downward Selloff Spiral
A clear indication of good 6hrs of consolidation
That eventually break out higher.Now we have
a good reason to look for BUY OPPS on
Smaller TF
The lower timeframe analysis will follow on hourly to minute charts.
I will like to say thank you for reading all my previous post and do not hesitate to comment or ask question.
TOP DOWN ANALYSIS APPROACH
This makes it easier to know which Direction you want to plan your trade in alignment to the HIGHER TIME FRAME.
I hope this will help your ongoing trader development and takes out those confusion when it comes to organising your bias,when to trade and when to be patient and when to start looking for opportunities on lower timeframe to then reduce your risk and keep you focus.
I will start from the Monthly Chart on ONEUSD a cryptocurrency called HARMONY that I believe will 10X it’s current price as we progress in Blockchain takeover
MONTHLY CHART
Monthly TimeFrame Blue 12EMA
A Support that act like a trendline
WEEKLY CHART
Same like Monthly 12EMA
But here Orange 36EMA on Weekly:A
Retracement level to consider adding new
Position in the Direction of the HTF
We saw a slowing week on the last red
That leads to the last week bounce
DAILY CHART
36EMA rejection Bounce on DAILY
Cautious area to take profit
Look for Rejection
Look to BUY Cheaper on OTF
8 HOURLY CHART
36EMA on 8HR with a Candlestick or
PRICE ACTION to look for the Discounted
LONGS and 2 good Confluences
Candlesticks HAMMER Price Action +
36EMA bounce
In Between the 200EMA
633EMA is a VOLATILITY GAP
This is where I observably expect
price to bounce Couple times in
betweenbefore we can make a directional
headway.
A VOLATILE REGION You can identify
in any market as price proceeds. So this gives you
a readiness awareness of what to expect and
for how long. 8HOURS represent a whole trading
SESSION
6HOUR CHART
Higher High 200EMA Selloff
on 6hr Corresponds the36EMA
on DAILY
BULLISH ENGULFING on 6hr 36EMA
after a potential longer term 8hr
(All Asian Session) Price Bounce
And maintaining of Higher Low
Price Structure
4HOUR CHART
Short Term Break of Structure (BOS) on 4hr
Chart is a good caution to let us know that
price won't just rise so easily higher
2 HOUR CHART
For Price to Change Direction
We have seen 1st 2hrs of hitting
200EMA rejection
Another 2hours of Price Slowing
without making a new low follow by 2hrs
of another Price Slowing after a Preceding
Downward Selloff Spiral
A clear indication of good 6hrs of consolidation
That eventually break out higher.Now we have
a good reason to look for BUY OPPS on
Smaller TF
The lower timeframe analysis will follow on hourly to minute charts.
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