Video #2: Focus on Lower TF's - Keep Eye on Phoenix ARI in 6h TF
Phoenix ARI remains above the 80% level in the 30 minute and 60 minute; indicating a CHANCE for continued upward pressure for a while. When Godmode indicator indicates downward pressure and the Phoneix ARI remains above the 80% level, this is USUALLY a good indication the downward pressure will not result in a significant drop in THAT particular time frame you are looking at. However, BE SURE to look at higher time frames than the one in focus to further validate that particular signal. Otherwise, you could potentially get burnt. Especially, if you do not have a stop loss/stop limit engaged as a safeguard.
Comment:
UPDATE:
A look at the 4h TF:
A look at the 4h TF:
A look at indicators in the 4h TF with possible exhaustion around $4,067.61 (identified with 1.618 FIB extension and a yellow box with red trim).
A look at indicators in the 6h TF to remind you to keep an eye on the Phoenix ARI in the 6h TF.