From Monthly to Daily timeframe are in uptrend. Price has made a strong pull back now in 2H time frame. Potential good opportunity to participate in the trend. Good Luck!
We can determine if price has finished pull back. 1) Break of 1st structure or Trend line (TL). 2) A new Extreme, another Breakout below will happen if retracement is sell. It tells us the climax or retracement. we can look for direction entry when price signals.
Here we will lean how to find trade setups, with help of Market structure and MTF. Follow your direction, be patient and don't fall far retracements. Pick any 3TF and stick to that. Let's see: NIFTY 19-09-2024 TIME FRAMES IN PLAY : D1 (Direction) /H2 (Control) / M30 (Entry) 1) We see Daily Break out. Confirm with Line chart closing price and then switch to...
1,2,3 MARKET FLOW D1 CS/ H4 structure SELL (1), H4 CS/H1 structure SELL (2), H1 CS/ M15 structure SELL (3) This 1,2,3 set the Daily sell ready. target next daily until you see 1,2,3 again. Let's catch and win together, setup invalid if H1 (2) is broken by opposite candle.
Direction Weekly Sell. Direction Daily Sell. Current flow Daily retracing upto Daily Swing High. View Bullish until swin High. Current View last H1 Stucture have been broken yesterday. Price started retracing back to Oring of the move. Expecting the bullish continuation.
Previously I posted one MTF setup in NIFTY, but was unable to add snaps in the chart. I am posting now one setup in forex Gold. wich I recently found. TIME Frames in Play : H4 and H1, and M15 1 Daily CS (candle stick) represents H4 structure or Trend. 1 H4 CS represent H1 structure or Trend. 1 H1 Cs represent M15 structure or trend. H4 Breakout was Buy...
Market view of NIFTY according to market structure. Right now we are in montly buy direction and weekly buy direction. and Daily buy direction. Weekly retracement will once break below the temp low.
MARKET STRUCTURE 1-0-1 ----------------------------------------------- 1. I dentify recent Brekout (BO) 2. pick High or low 3. Anything in between ignore 4. wait for new (BO), 5. Next, if high breaks, the lowest point is new low 6. If low breaks the highest point befor BO is the new high These highest and lowest point are external. 7. How do we know if pull back...
W1 DIRECTION SELL D1 RETRACEMENT BUY PRICE REACTED FROM D1 zone But it has to break low TF Stucture We are now at H4 Structure But H1 still in play not broken. we could see TF to focus H1 and M15.
I have just published an indicator for marking trend and inside candle. this chart will help in understanding marking EG zones. - EG system - Follow any 3 TF set (High (Direction), Middle (Confirm Direction), Low (Entry)) Forex MN1/W1/D1 W1/D1/H4 D1/H4/H1 H4/H1/M15 H1/M15/M5 M15/M5/M5 Stock MN1/W1/D1 W1/D1/H2 D1/H2/M30 M30/M5/M1 - Need to see same type EG in...
- WEEKLY DIRECTION - PULL BACK FINISHED TO 50% at discount zone. - Price reacte from W1 RBS, by creating D1 Engulfing - Went till W1 Recent SBR and tried to fall down but stopped at same zone, double rejection. - New D1 EG buy seen, Long suggested tomorrow with SL below Structure. - 1st TP recent W1 R - Next SWING HiGh - This is uptrend so swing high is expected...
- price started from w1 support broke 2 restistances, - now pulling back ( coz d1 break down) for weekly direction, d1 break down require as valid pull back - 50% level of retracement, which is rbs level also in w1 - need daily eg (blue candle closing above the close of previous candle) for an entry sl below structure. tp 5700 1st tp then trail sl. - you can see...
W1 break pull back to Monthly on reacting monthly High zone, broke (just wick) W1 TL and R. Now retracing may be any daily will confirm the Trend resumption. OLECTRA TREND MAY RESUME
process to follow current market with EG system. Hope it is helpful to you guys