MightyOne wrote:dr000 wrote:So I just looked at this monthly chart. Am I just being silly?
I don't know wtf I'm doing!
Look for the breakout and then trace it back to the congestion.
Don't mark everything, mark what is relevant to the ideas that are floating around in your head.
Is price above the monthly midpoint?
If so then the direction is up.
Was there a breakout above the high of the previous monthly candle?
If so then take long triggers above and short triggers below.
Is the midpoint of the current candle higher than the previous high?
If so then use the midpoint.
I may have to digest your notes for a bit.
But is this closer?