Changes for page OTE Pattern Recognition Notes


on 2020-07-06 17:41


on 2020-06-29 20:17
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... ... @@ -40,7 +40,6 @@ 40 40 \\- daily view 41 41 [[image:Screenshot 2020-06-29 at 03.14.02.png]] 42 42 \\- 15m view[[image:Screenshot 2020-06-29 at 03.06.46.png]] 43 - 44 44 * Note the following: 45 45 ** institutional levels 46 46 ** old monthly high at 1.1720 (1.17137 rounded) ... ... @@ -48,7 +48,6 @@ 48 48 ** the new STH makes for a more likely trade opportunity. (market maker model) and opens up the chance for an OTE. 49 49 ** also, a high, with two lower highs on either side makes that high more significant. when this high is broken, it's a more convincing move than breaking the other shorter term highs, thus giving us the opportunity to find a likely OTE. 50 50 ** at the fib, we see price rockets away from a STL 51 - 52 52 * when old highs/lows are broken, trades will tend to reach back to those old positions (retail calls it "support") 53 53 54 54 == {{id name="Intro"/}}Introduction ==
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