Hello all,
Today's idea demonstrates multiple confluences using Median lines & Parallels to locate a possible P5 reversal candle. You will also notice we have a Large & Small P5 count coming in together as well as the bounce off the 76.4% fib retracement. We have also retested the lower parallel and now we are breaching the pink upper parallel. I am looking for an entry on a retest of the yellow lower parallel. Let's see how this one unfolds.
Sincerely,
TIK
Today's idea demonstrates multiple confluences using Median lines & Parallels to locate a possible P5 reversal candle. You will also notice we have a Large & Small P5 count coming in together as well as the bounce off the 76.4% fib retracement. We have also retested the lower parallel and now we are breaching the pink upper parallel. I am looking for an entry on a retest of the yellow lower parallel. Let's see how this one unfolds.
Sincerely,
TIK
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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.