Hello all,
Assumption: This grid has been constructed with the assumption that the P5 is in, so a breach of P5 may invalidate the grid.
I will be watching the vertical lines 1-16 as the market retraces from the probable P5 area. Not every vertical will produce a turn, but where the verticals cross the horizontals as well as the interaction within the pitchfork set may produce a trade opportunity and/or provide an exit.
I will attempt to link these charts together as chart unfolds
Sincerely
TIK
Assumption: This grid has been constructed with the assumption that the P5 is in, so a breach of P5 may invalidate the grid.
I will be watching the vertical lines 1-16 as the market retraces from the probable P5 area. Not every vertical will produce a turn, but where the verticals cross the horizontals as well as the interaction within the pitchfork set may produce a trade opportunity and/or provide an exit.
I will attempt to link these charts together as chart unfolds
Sincerely
TIK
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.