20-25* Channel
Does anyone know why the PnF changes shapes slightly?
I would not have noticed this had I not been taking snapshots of it.
It keeps the same general trend shape but the number of boxes changes?!
PA, S/R, ZL, EXTREMES & MOMO
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- PebbleTrader
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- TygerKrane
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TygerKrane wrote:EDM wrote:...if we get a close above the fresh weekly momo
I'm not sure what you mean by this, could you explain further?
If we close [where], we retrace to [where?]
I remember MO saying something like that ... "Price will expand according to the period that your line represent" usually if price bounces off weekly S/R it will keep going that way until it hits an opposite S/R of the same period/magnitude
Comparing the size of momo may help you decide how far price will expand though am still not good at targeting momo but dropping to lower tf usually helps me to decide whether price will close over/under on the higher tf
I analyse the chart from top down and trade it from down top
Last edited by EDM on Sat Sep 10, 2011 12:52 pm, edited 1 time in total.
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