it may well be wise, to look with new eyes as all is not clear, until it gets near for data can show, what many not know but matter in not, unless you a bot TE knows a few, who wait for the cue then leverage will call, to keep risk so small if bet do work out, boy they will shout but odds can be low, use profits to show
TE has a word, but may be absurd RN will reply, not sure what or why the word it is so, should "B" inside go for it would fit in, not sure yet?, RN
Look at chart, see that part leaps at you, as a cue GO now, knows how take action, lest miss Invitation
Whoever gave it to you needs to learn what non stationarity limits are. At least he put volume on the chart.
Here is a two fractal annotation the faster fractal moves are in green;the slower fractal moves are in pink. Only RTL's are shown. As you see there are FOUR slower fractal completed trends. Look at the 4, 5, 6, and 7 x axis notations. The chart is a mess as far as the display and that is normal for the person who gave it to you, we guess. In that crowded area you see two faster fractal moves to form a "long" slower fractal occurring trend. There is a failure to form the long slower fractal trend and the period of time turns out to be used for forming an end point of the prior slower fractal trend. This goes over the head of most people. But it makes a terrific example of how any person can be on the wrong side of the market. Come Monday, with respect to any chart, most people will be misreading what is going on. As a consequence they will NOT be making money either because they are wrong and in the market or they are frozen on the sidelines by fear of the risk of trading. No one who knows what they are doing ever has to ask what a chart means. They know and the expert pros blog their views, too Not many people here read expert blogs by experts; this is mostly because they canot determine who the experts are or who are not. Read this thread to see that demonstrated daily. What the chart now shows (with due regard for non stationarity) is that there is a first fast fractal long move in a slower fractal long trend. All fractals show three faster V, P moves within them to complete, EXCEPT when the forming trend is BROKEN by the limit of the trend being exceeded. this is breaking the trend by exceeding a limit (RTL limiting slope). At the points 4, 5, 6, and 7, the long slower fractal trend was BROKEN by the second faster fractal excessive move down below the slower fractal trend limit (horizontal). Now, on this chart you know the following and in the order of the events that will be coming: 1. the first move will end. 2. the second short move will begin and complete. 3. the long slower fractal will have a point 3 OR the long slower trend will be broken as shown on 4, 5, 6, and 7. 4. The third move will begin or the long slower trend will restart (with this event the prior slower short fractal will complete. 5. the third move of the slower long will complete and a newer slower short fractal trend will begin. Most people do not know that they know. As a consequence they cannot trade successfully. What it is like being an xpert is that you know that you know and you act accordingly. thre is a name for this: "unconscious competence". I have that characteristic and because I pass knowledg and skills on to others continually, I also have something else. I know whether a person can "get it" by doing the work to learn. One of the ways I monitor others is what they do not say and what they do say. Making mistakes about the markets is okay;it is part of learening. making mistakes about others is an example of incoherence. When people are incoherence, they cannot build their minds. Some people make money off the 30 year. some people make money off those who trade the 30 year as their clients. These non traders are called employees in the financial industry. If an employee gave this chart to you, he is intersted in commissions and has little knowledge of how markets work. Most people who work for others do not know how markets work. People who know how markets work, help others as a courtesy. Slowly gather in the idea that it is rarely possible to pay someone to teach you to trade. If they have to be paid, they do not know how markets work. At some point you need to begin to learn how markets work. I hope you get the message. Posting the chart is like a poker player showing his hand during a round of poker. He loses by the end of the round. Why does the x spurt post before the questions are asked? Notice no one opens the attached illustration. No one has any questions on your annotated chart. How could anyone question your annotated chart?
How about Instantaneous Analysis...............as in "What is price doing right now at this instant"? Even if that's not the answer that's the one extremely simple thing I've learned from reading all of these various threads. It keeps me out of so many stupid trades that I used to enter. I just keep repeating it throughout the day and it keeps me focused. I used to do some things like buy at support, sell at resistance and wonder why I lost. Now when price hits resistance I say what is price doing right now. Obviously it's going up, so I wait. If it tells me it's going down I'll short. If it tells me it's going up I'll buy. Seems like most of the time it continues up. Every once in a while it might make sense to instantly go long or short based on those levels, but rarely. The 2nd most helpful thing I've learned is to have a so-called map to follow before the day begins. I have my important levels marked on the chart and I'm more prepared for the day. Learned a lot from the Anekdoten thread also. That guy was the best trader I've ever witnessed or even read about. Some people didn't believe the results, but he seemed like the real deal to me.
I love triangles, that's my opinion. I like them to be as long(consolodation time) as possible and preferably symmetrical too. Price has to resolve at some point and the tighter the range at the end of the triangle the less risk you have to take. The longer the price consolidates within the triangle the stronger the move will be once resolution has occurred. Good luck with your trade. My two cents
Keep an eye on bullish flags; Price channeling in a groove. Prepare to play the breakout, Maybe catch a measured move?