Blue box/buy box criteria:
1. ABC Equal waves point C
2. Fibonacci retracement 38%
3. Previously worked support
4. Channel projection
5. Fibonacci Extension 127%
6. Round number 1.70000
7*. 4H EMA200 just below the box (1.69817)
8*. 2012 High below the support (1.69739)
9. To be more secure and if the price falls lower than the marked box then wait for bullish candlestick patterns from the EMA and from the 2012 high level.
"If you asked me to distill trading down to its simplest form, I would say that it is a pattern recognition numbers game. We use market analysis to identify patterns, define the risk, and determine when to take profits. The trade either works or it doesn’t."
– Mark Douglas
Feel free to support my idea post by hitting the "LIKE" button, it is my only fee from You!
Have a nice day,
Cheers!
1. ABC Equal waves point C
2. Fibonacci retracement 38%
3. Previously worked support
4. Channel projection
5. Fibonacci Extension 127%
6. Round number 1.70000
7*. 4H EMA200 just below the box (1.69817)
8*. 2012 High below the support (1.69739)
9. To be more secure and if the price falls lower than the marked box then wait for bullish candlestick patterns from the EMA and from the 2012 high level.
"If you asked me to distill trading down to its simplest form, I would say that it is a pattern recognition numbers game. We use market analysis to identify patterns, define the risk, and determine when to take profits. The trade either works or it doesn’t."
– Mark Douglas
Feel free to support my idea post by hitting the "LIKE" button, it is my only fee from You!
Have a nice day,
Cheers!
