Multi-time frame TRIGGER PRICE ACTION
Updated
The three driver pattern has been created in daily time and the price has moved towards the level of the first driver.
The level of the first driver is at the location of the weekly support area.
This area is drawn according to the weekly pivot, which is a pristine surface.
Also, by connecting the upper level of the 3 drivers to each other, a channel line is formed, which creates an ascending channel by moving the bottom of the channel to the source of the upward movement.
The price is now at the bottom of the uptrend channel, and since this is the second price encounter to this level, we can expect the uptrend to start at least 50% of the uptrend channel.
Of course, we note that the price can go down to 66% below the weekly support area.
There are knots in the way of rising prices that can cause a reaction
The level of the first driver is at the location of the weekly support area.
This area is drawn according to the weekly pivot, which is a pristine surface.
Also, by connecting the upper level of the 3 drivers to each other, a channel line is formed, which creates an ascending channel by moving the bottom of the channel to the source of the upward movement.
The price is now at the bottom of the uptrend channel, and since this is the second price encounter to this level, we can expect the uptrend to start at least 50% of the uptrend channel.
Of course, we note that the price can go down to 66% below the weekly support area.
There are knots in the way of rising prices that can cause a reaction
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