scratty wrote:Some thoughts? The last cutted arrow is the entry signal...
Did you highlight that CC by hand, because there are a lot of errors.
We (i) do not do it like that because price loses the power of the Momentum Candle the further it is from it.
If I were looking to go long, I would need a higher time frame CC with PA closer to the Momentum Candle.
If there is one thing that should not be in the Mighty Zone it is bodies.
Bodies in the direction of profit
Wicks (within the MZ) in the direction of loss.
If price closes over a line...
I do not throw out these cute lines without reason
Lastly, MZ & ZL are cheats for trading EQUILIBRIUM LINES