Important levels on LTF and HTF marked on the chart. Can be used as needed. Boxes would act as important levels of support and so would the resistance on the top. Range bound. Need to break either side for a trend. Wait for the move before taking a position
Movement has been restricted to the box for a while.Consolidation before moving upwards. Possibly another retest before breaking higher. SL below the box.
Can be used to scalp and long/short on breakout either way after restest. SLs can be moved to nearest high or low after breakouts. Wait for shakeouts in either directions before making a decision. 10% moves in a either direction could be possible for shakeout and could last for a few weeks. This would lead to a very strong move in the opposite direction!
