Thanks. I drew those lines by myself, similar to zigzag. I just just simple lines for multiple time frames, that is, do not use harmonic structure.
Chart: 60M Since Sunday, the market has been in the gold box with notes in chart written on Sunday, today it has a higher probability BO above the range top successfully.
Chart: 60M Today's market chose the event with smaller probability: BO below the bottom of the gold box. Need more information to find out the future even with the higher probability. Notes in the chart was marked on the past Sunday.
Hey there. This is similar to what you're looking at in posts 37 and 38. For me, the way I look at these structures is - it's either an accumulation or distribution. I'd look into Wyckoff structures as they go into good depth in identifying them as well as entry points.
Thanks a lot for your suggestions; i did read Wyckoff analysis before but i did not have the deep understanding and will try to read it later. At posts 37 and 38, the structure is Spike up + weak channel. here it is channel up + range market. I was expecting BO above the gold box top but surprisingly BO below the gold box bottom, which was saying either a bears' trap or bulls much weaker than expected. In my previous analysis, i have probably missed something, therefore better to be conservative ---- to wait for more information.
Chart: 15m Update of 15m chart in post 56: market has chosen the strong case. At BO above blue DTL in 15m chart, it pulled back several times, which has shown it is rewarding to wait for the PB opportunity after BO.
Update of post 59: Chart： 120m Today the market was strongly bearish and BO below the bottom of the gold box. There was a typo: the bottom of the box should 3740.