Spinning Point(Krasnov Model) Today I want to share with you another price analysis method which was indentified and first described by high level trader from Russia D.B. Krasnov.
This method is used to predict price target zone. If you spend enough time training to indentify Spinning point on chart, you will be able to find quite a lot of them and it will help you to improve your trading level.
The best way to confirm Spinning point(when you think you found it), is to explore this place on lower timeframe(M1-3-5). While exploring you should "like" how Spinning point looks.
Understanding the logic of formation of Krasnov Model will help you to plan your trading.
The idea is quite simple:
You need to find, while the wave is rising/falling, somekind of a tested point, which price passes through and then comes back and backtests it and continue to rise/fall, this point presumably should be the middle of the wave(it can be local wave or global one). Bar which is tested from both sides shouldn't be consumed/forced through, otherwise Spinning point counts as broken. Usually Spinning point has the lowest horizontal volume(not the volume indicator) in the wave.
When Krasnov Model has reached its target, and the price comes back to test it, sometimes we can see resumption of buys/sells.
Here are some examples of Spinning point on BTC chart I want to share with you, to make it easier for you to understand what are we looking for.
Wish you good trades! May the Force be with you!
