Skip to Content
Last modified by Drunk Monkey on 2023-01-14 05:38
From version 8.1
edited by Drunk Monkey
on 2020-06-28 19:35
Change comment: There is no comment for this version
To version 7.2
edited by Drunk Monkey
on 2020-06-28 19:25
Change comment: There is no comment for this version

Summary

Details

Page properties
Content
... ... @@ -43,16 +43,13 @@
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. It's also called a "market structure break"
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.
47 47  ** the new STH makes for a more likely trade opportunity. (market maker model) and opens up the chance for an OTE.
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
48 +**
50 50  * when old highs/lows are broken, trades will tend to reach back to those old positions (retail calls it "support")
51 51  
52 52  == Introduction ==
53 53  
54 -sdfg
55 -
56 56  == Example 1 ==
57 57  
58 58  == Example 2 ==