This how i understand it.
Newscalper you know it hard enough trying to learn via forums. Clear pictures help.
Add this one as after thought incase you asking about this one but all 3 are the same thing.
newscalper wrote:Really sorry I've not been around live yet - major house renovation going on atm
Anyway. Have I got this anywhere near right?
My view from H4 is I'm looking for a short from this area, price is above your 12EMA and in a zone of previous supply, target is to zero out the zone below.
One question I have about the 12 above below rule you have personally - is that just on your entry chart on on your higher TF analysis chart too - if it's on both you will not participate in the major trends when they occur and will only be looking to scalp tops and bottoms?
Drop down to m15
Now this is where things always get hella confusing for me. Why, well on H4 there's a zone for a possible short but as price has also broken out of the other high there's also the trade for the pullback to the 100% for the long. Atm on the m15 I see the 3 red down candles which overcame (just) the upward engulfing bar, close over close under, 50% retrace and enter where I've put that little arrow. Bars have closed against since so would probably have gotten out again.