Fxtraveller wrote:"Yes, the MZ is 50% of the momentum candles body from the open price and a zero line is any line in that area. "
Wait..... so if its a BULL candle, the MZ iz the "lowest" 50% ?
say Open at 150.00,
close at 156.00,
then MZ is 150.00-150.50?
so is it best to wait for price retrace to at LEAST half of momo candle?
I noticed (this probably had been mentioned loads of time), that whe a momo breaks a Support, then it retraces to it.
Finally the saying "old support is now resistance" makes sense.
All the best.
yes bull mighty lower 50% candle body
-----bear mighty--upper 50% candle body