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Last modified by Drunk Monkey on 2023-01-14 05:38
From version 19.1
edited by Drunk Monkey
on 2020-06-28 21:11
Change comment: Uploaded new attachment "Screenshot 2020-06-29 at 05.10.27.png", version {1}
To version 19.2
edited by Drunk Monkey
on 2020-06-28 21:43
Change comment: There is no comment for this version

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53 53  
54 54  * how to annotate the charts to look for specific price patterns
55 55  * study for the patterns for a month, and it'll start to become more easily recognizable as you train your brain to recognize it, then see if you can see it live
56 -*
56 +* the pattern should appear every day, but not necessarily on the same pairs
57 +* daily chart - audusd, 20-apr-2020 contains two down candles, showing orderblock
58 +[[image:Screenshot 2020-06-29 at 04.21.46.png]]
59 +
60 +* the two equal lows in May are sensitive to prices in that order block
61 +[[image:Screenshot 2020-06-29 at 04.23.52.png]]
62 +
63 +* we are primarily looking for reactions to the previous days range. (last visible green candle in the picture above)
64 +* can we determine whether the price is going to be able to break the previous days high or low?
65 +[[image:Screenshot 2020-06-29 at 04.50.28.png]]
66 +We can see that the recent lows pushed slightly into the order block, but returned indicating that prices doesn't currently want to run lower.
67 +
68 +* AUDUSD 5M example[[image:Screenshot 2020-06-29 at 04.58.02.png]]
69 +Mark out the previous days high and low.
70 +\\The black line (6450) represents the closest institutional or key level near the previous days high.  The blue lines above and below are a 10 pip spread.
71 +
72 +* The OTE pattern occurs during the 8:30 to 11:00am NY session.  That's when the major news and reports tends to come out. 
73 +[[image:Screenshot 2020-06-29 at 05.02.49.png||height="579" width="385"]]
74 +The green box represents the 62 to 79% Fib retracement levels in the OTE pattern
75 +
76 +* The Fib box is drawn from the low to high when the previous days high has been broken.
77 +
78 +* Fib settings for Trading View
79 +[[image:Screenshot 2020-06-29 at 05.10.27.png||height="533" width="363"]]
57 57  
58 -== {{id name="Ex01"/}}Example 1 ==
59 -
60 -* example
61 -
62 62  == {{id name="Ex02"/}}Example 2 ==
63 63  
64 64  * example