Looking at past swings in the market to get an idea of where the market is heading. ( prices usually relates to prior swings - the coloured orange and pink lines are SWINGS)
measure the length of a pull back ( orange ) chances are that will be the length of other pullbacks which you can use to mark out your level of entry.
the orange lines are patterns as well as the pink lines.
i drew out the length of the down trend ( pink ) and duplicated the exact same trend line to see if it would fit anywhere else and it does. i then use both pink and orange lines to help me predict where the next possible entry will be.
i finally added Fib to see where price lines up to give more confirmation/ relation
Follow my instagram : Vellly and join my trading team for guidance, updates & 1-1 mentoring.
measure the length of a pull back ( orange ) chances are that will be the length of other pullbacks which you can use to mark out your level of entry.
the orange lines are patterns as well as the pink lines.
i drew out the length of the down trend ( pink ) and duplicated the exact same trend line to see if it would fit anywhere else and it does. i then use both pink and orange lines to help me predict where the next possible entry will be.
i finally added Fib to see where price lines up to give more confirmation/ relation
Follow my instagram : Vellly and join my trading team for guidance, updates & 1-1 mentoring.