Nice on the dashed line, I draw channels ,tl, etc all over the chart too, I cleaned those up I posted to eliminate confusion.
Players often have a profit target - it's the fear/greed thing - keeping to a comfort zone and only entering outside of that when they feel the break is significant. So I use EMTL's to try and gauge what are the probable boundaries. Right is Day and left 4 Hr. On the day there is still a Classic line above (not drawn) but this looks like the sentiment has made a bullish breakout. On the 4 Hr the dotted lines are those Daily EMTL's. The main ones I'm looking at are the red - no closes outside this comfort zone ( the arrow is an insignificant exception). We got some hard work to get up without a pullback either side of the red line. Lovely kick em out action at the moment on the 1/5 min
gotta get some sleep, 3 am here. We're going up into mountains following the Portugese trail to the goldmines for a week on horseback, camping in the jungle. See you guys later if anaconda doesn't get me.
ya, pirahna smell the pee and eat you up starting at the pee, imagine them eating you, dick first, yowza.