How to read the market

You know reversal

High lower high lower high

Or Low surrounded by 2 lower lows

Anyone ?

The idea of this thread is to help everyone understand the market cycle

I can tell you where we are heading for tomorrow or next week or month

Because it's in front of your eyes but you can't see it

Let's use the opposite pair method gbpusd

Gbpusd can you see we hit 1.2580 on the 04 of this month

Also on 20/02 which is last month we hit the same level again

Now we have double bottoms at the same level

Friday 22/03 the candle hit the same level clearing all buy stops

creating a new low of the month

So where is gbpusd going ?

Hope everything is clear now

We must come down for several reasons

I'd love to see your comments questions anything

Enjoy your Sunday

Let's test the levels in terms of high and low

I'm using institutional levels not the real levels

So the high range for the week was 280 points ( 149.00 to 151.80 )

In real values it should be 295 points ( 148.90 to 1.5185 )

So you can see once we touched the low of the week level @ 1.4900

we immediately shoot up 280 points

To the high of the week level @ 1.5180

Because we were on upper trend

I still have no clue..., so:

1. How important is that Williams Fractal indicator in judging all this?
2. Do you use the Monthly chart too for your analysis of the Weekly?

Thanks

I'm clueless too. How to know it's the high or the low of the day before the day ends? Hmm..

The fractal indicator is very nice in terms of reversals

You can use it on daily 4hours 1 hour even on 15 minutes timeframe.

After the reversal is formed it will show you a red arrow for upper reversal

or green arrow for lower reversal

All the timeframes from the yearly to the 1 minute are the same.

What*s important is how you look at the candles as they are like bicycle chain everyone of them must connect to the other.

what can you see on the monthly chart ??

My method of determine the trend is to add 21ema and 50ema they don't cross so often but once they cross that is the beginning of the trend. the more they start staying apart the stronger the trend. once they start coming together the trend would soon change around from where it was before. Mind you if they don't finally crosses each other is not confirm yet. It is more effective once it crosses on H4. You can back test on a demo. Thank you

Usdjpy high of the day already hit @ 1.51425

This is my analysis level maybe yous is different

Speaking of the two levels...; do you already know the low of today also...?

of course he knew it...zalzil probably found the secret of the Amazing Strategy started by merlin many years ago. It's a riddle, but if you solve it you know in advance the high and the low of each day.


EDIT: Amazing strategy is a brilliant joke...so dont waste your time with it.

And now the other high of the day was hit ...but it is perfectly possible according to quantum physics...

Hi everyone

Have a look at today's chart

Try to understand what's happening

Pay attention to the 1.5145 level

It's a zone level (support and resistance level at the same time)

That level is of importance because there were 2 areas (10am and 10pm) with price closing and opening at this level? Timing was based on your chart. How do I
know that price will head to the level?

If a line is drawn on any chart, we can also deduce that there are a few rejections off the line. So then how do we determine which area/level to draw the support or resistance?

One thing I like about this thread is that there's no indicator required. I know previous days' high low are important as well as price closing/opening. Still having tough time comprehending.

What do you think about these double bottoms

Shall we attack them

What do you see in EU now? Looks good to short from here now.

Let's refresh what we started FACT NO1

Apart from crypto with 24/7 trading

EVERY DAY WEEK MONTH YEAR

EVERY FOREX PAIR

CRYPTO COIN

STOCK COMMODITY INDEX

MUST HIT 2 LEVELS KNOWN AS THE HIGH & LOW OF THE DAY WEEK......

Hit means breaking the level not touching it .

SO you can see it's either or

Like a coin when you toss it either head or tail

So the same applies here

Either we hit the LOW and start heading upwards till we hit the HIGH

Or we hit the HIGH then start falling till we hit the LOW.

Also as mentioned you can apply it to crypto indexes stocks bonds shares .....

I will show you some examples so you understand fully this fact.