Changes for page OTE Pattern Recognition Notes


on 2020-06-28 19:25


on 2020-06-28 19:38
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... ... @@ -43,51 +43,92 @@ 43 43 * Note the following: 44 44 ** institutional levels 45 45 ** old monthly high at 1.1720 (1.17137 rounded) 46 -** price runs down until it hits the 20 level (1.1720), rallies and creates a new short term high (old - middle red line, new STH, top red line. 46 +** price runs down until it hits the 20 level (1.1720), rallies and creates a new short term high (old - middle red line, new STH, top red line. It's also called a "market structure break" 47 47 ** the new STH makes for a more likely trade opportunity. (market maker model) and opens up the chance for an OTE. 48 -** 48 +** 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. 49 +** at the fib, we see price rockets away from a STL 49 49 * when old highs/lows are broken, trades will tend to reach back to those old positions (retail calls it "support") 50 50 51 51 == Introduction == 52 52 54 +* sdfg 55 + 53 53 == Example 1 == 54 54 58 +* example 59 + 55 55 == Example 2 == 56 56 62 +* example 63 + 57 57 == Example 3 == 58 58 66 +* example 67 + 59 59 == Example 4 == 60 60 70 +* example 71 + 61 61 == Example 5 == 62 62 74 +* example 75 + 63 63 == Example 6 == 64 64 78 +* example 79 + 65 65 == Example 7 == 66 66 82 +* example 83 + 67 67 == Example 8 == 68 68 86 +* example 87 + 69 69 == Example 9 == 70 70 90 +* example 91 + 71 71 == Example 10 == 72 72 94 +* example 95 + 73 73 == Example 11 == 74 74 98 +* example 99 + 75 75 == Example 12 == 76 76 102 +* example 103 + 77 77 == Example 13 == 78 78 106 +* example 107 + 79 79 == Example 14 == 80 80 110 +* example 111 + 81 81 == Example 15 == 82 82 114 +* example 115 + 83 83 == Example 16 == 84 84 118 +* example 119 + 85 85 == Example 17 == 86 86 122 +* example 123 + 87 87 == Example 18 == 88 88 126 +* example 127 + 89 89 == Example 19 == 90 90 130 +* example 131 + 91 91 == Example 20 == 92 92 93 - 134 +* example