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Controlprice

Trend Reversal Confluences: Down to Up.BA is in a major uptrend. I'm taking the easy ones this time. If only that were my mindset all the time. Anyway this is a much more clear cut example than my first attempt with the downturn predict. This example, there is a lot more data to work with and it is easy to draw in control and channels. Maybe a good thing to learn from this is not to try to predict trend changes so early, but to use the signs as confirmation for a buy/sell entry as the trend is looking young and healthy.
NYSE:BAEducation
by emehoke
2
Practice drawing Price Control Points within value areas.Control Price is "A pivotal support or resistance area inside the value area. The best way to think of the control price, or pivotal area, inside of the value area is that it acts like gravity, attracting price above it and below it as long as price is within the vicinity of the value area. In this picture I attempted to draw in several control points and circle price reactions. After doing this I am convinced that this is an occurrence. I feel I did myself a slight disservice using the time frames 15 and 5 to draw them in. I think I would get more useable results if I used something like the 240 and 15, just to get a bigger change in lens when identifying pivot points and getting a more complete picture of possible market forces.
COMEX:SIK2021Education
by emehoke