They work on all time frames, This is for study purposes only.
Retracement toward the structures min reached the .236 or 0.786 however you choose to see it..
Retracement toward the structures min reached the .236 or 0.786 however you choose to see it..
Note
I can't publish anymore because of limits but this is an example of a short trade setup using Classic Heartbeat as the criteria.Note
This little sucker is backed up by a classic mightymouse.. after looking over a few hundred charts and spotting many of these heartbeat formations I am starting to wonder if the shorter tighter ones pack more punch.. we may only get to .786 but that increases your short if you managed to trap the mighty mouse.Note
Many only manage to get to 0.5 making this a very dismal trade but these things are on all time frames all throughout history of candlestick and mountain charts with a logged volume. So practice up. With a trendline stop they are deadly !!Trade closed: target reached
Take your profit at the 0.786 fib already or move your trendline stop to see if you can get more..You can zoom in on these things too, See if they are developing a continuation pattern like an inverse butterfly flap... the bearish kind ! lol !
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.
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.