Arguably the Most Important 12-Day Candle We Will See in a While

I want to be straight up and share with you WHY this current 12-Day Candle is so important... If you watched my LIVE Stream earlier, you probably know why the level of the Red RSI in the current 12-Day Candle is so important. Here's a copy of the chart again (below) to make it easier to view and read text bubbles:

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I know this publication MIGHT scare the BeeGeeBee's out of some. That's NOT the intent of this publication. I simply wanted to point out what would also potentially be an absolute worst case scenario in my opinion that's contrary to my current opinion that we are in the process of a dip before continuing to higher highs.

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One thing I believe we may have in our favor is the Monthly. However, the new12-Day candle coming up on March 1, 2020 may have a lot to say about what the indicators in the next Monthly Candle will do. So, I say again, "Arguably the Most Important 12-Day Candle We Will See in a While."

Monthly Time Frame:

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In the Monthly TF (above) I placed a Green Vertical Time Line on each place in which the Green Line was going up and the Red RSI made contact with the Green Line WHILE the Green Line was going up; indicating potential for upward pressure.

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Showing a few more locations in which the Green Line was going up and the Red RSI made contact with the Green Line in the Monthly WHILE the Green Line was going up; indicating Upward Pressure.

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This was to be expected with the White Energy in the 6h (Far Left) to approach exhaustion on the initial move back up. This is what I was waiting for to see where the price action goes to once the White Energy exhausts. This is WHY I say we may not have a confirmation until as early as March 1, 2020 or as late as March 5, 2020.

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White Energy is turning up in the 3h TF. The Green Line is acting like it wants to turn up soon in the 3h. Which means it's likely for the Red RSI to make contact with the Green Line WHILE the Green Line is going up; indicating potential for upward pressure soon. WHEN the Red RSI does make contact with the Green Line WHILE the Green Line is going up, have a look at your White Energy at the time it makes contact to see if it is nearing 50% level. If not, there is a decent chance it might hit the 50% level the next 3h candle. Which would mean we have a CHANCE of the Daily (24h) Candle CLOSING above the 200-Day EMA (Exponential Moving Average).

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The White Dotted Line is the 200-Day EMA (Exponential Moving Average):

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My bad.... I meant to say, White Energy is turning up in the 90 Minute TF. The Green Line is acting like it wants to turn up soon in the 90 Minute. Which means it's likely for the Red RSI to make contact with the Green Line WHILE the Green Line is going up; indicating potential for upward pressure soon. WHEN the Red RSI does make contact with the Green Line WHILE the Green Line is going up, have a look at your White Energy at the time it makes contact to see if it is nearing 50% level. If not, there is a decent chance it might hit the 50% level the next 90 Minute candle. Which would mean we have a CHANCE of the Daily (24h) Candle CLOSING above the 200-Day EMA (Exponential Moving Average).

The 90 Minute TF is on the Left:

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We still have 1 hour 15 minutes remaining in the CURRENT 90 Minute Candle... However, it's IMPORTANT TO NOTE the White Energy in the 45 Minute TF is nearing the 50% level. Which means we stand a CHANCE of this current downward pressure coming to a close. At least for the very near term.

Here's the 45 Minute (Left) and 90 Minute (Right):

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Also bear in mind it's POSSIBLE the White Energy in the 45 Minute TF COULD turn back down and not cross up and over the 50% level this go around.

If you were HIGH TIME FRAME SCALPING with the 45 Minute TF as your "COMPASS," this is when you would be having a look at your 23 Minute as well. You would be preparing to engage a Long Position on LOW LEVERAGE (3x or less) with a stop loss.

Here's the 11m, 23m, 45m and 90m all lined up from left to right to show you your setup for HIGH TIME FRAME SCALPING...

The 11 Minute would be used to help signal your entry for your Margin Long with 3x Leverage. You would be looking for when the White Energy in the 11 minute is approaching the 50% level in the 11 minute. HOWEVER, you want to time it for when the White Energy in the 45 Minute also has a chance of nearing the 50% level. I'm NOT expecting the White Energy in the 23 Minute to fall very deep below 50% because the Green Line in the 23 Minute is WELL IN ADVANCE of the White Energy in the 23 Minute. MEANING: The Green Line is nearing exhaustion in the 23 Minute. Which is WHY I have you looking more at the White Energy in the 45 Minute nearing 50% level RATHER THAN the White Energy in the 23 Minute. Not sure if this makes sense to you. it would be easier to teach LIVE in a LIVE Stream.

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Paying attention to HOW MUCH TIME is remaining in EACH of those time frames is also important to do for the sake of TIMING. If it turns out the White Energy crossing above the 50% level in the 11 Minute did not work out by it NOT going WELL ABOVE 50% and on up to 80% or higher with a good move..... BUT INSTEAD turned back down again rather quickly.... HOPEFULLY, you had a stop loss in place to keep your loss SMALL and prepare for the NEXT TIME the White Energy goes up AGAIN in the 11 Minute. It may be the NEXT time it goes up the White Energy in the 45 Minute will be passing ABOVE the 50% level and THEN you will have a chance ONCE AGAIN to capitalize on a Margin Long Position with 3x leverage AND A STOP LOSS. ALWAYS USE A STOP LOSS TO KEEP LOSSES SMALL AND GAINS LARGE. Once you are in a gain, you can CONSIDER implementing a TRAILING STOP to lock in gains if the price were to pull back. If it looks like the price action is likely to continue going higher because of the way the indicators look in even higher time frames; such as the 3h, 6h, 12h, etc... THEN you can consider waiting on engaging a Trailing Stop.

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It would be a good idea to have your far right time frame at 45 minute, the right of center at 23 minute, left of center at 11 minute and far left at 6 minute.

Then also change the time frame on the far right periodically from 45 minute to 60 minute and 90 minute and change your time frame on the far left to 3 minute. The advantage of change your time frame on the far left back and forth from 3 minute to 6 minute is to get an idea of WHEN the White energy in the 11 minute might be getting near a signal for the White Energy in the 11 minute to begin climbing and the Red RSI making contact with the Green Line WHILE the Green Line is going up.

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We have a NEW 45 Minute Candle and the White Energy in the 45 Minute is TRYING to go ABOVE 50% level currently. This is where you would also begin to look at time frames HIGHER than 45 minute to see if there is a chance for it to continue going up or if you should plan on staying in this margin long position for only a short time.

The 45 Minute is on the far right:

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Here's an example of ANOTHER chart you would have up on another monitor with the 45m, 60m, 90m and 120m time frames to evaluate if the current long position with 3x leverage you just implemented will be engaged for a long or short period of time. Cause it may be you decide to do a trailing stop now if you are unsure.

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We have a NEW 60 minute Candle in approximately 5 minutes. Let's see where the White Energy advances to on the NEW 60 minute candle that begins soon.

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KEEP IN MIND: What I've been sharing is ONLY to provide an EXAMPLE of your mindset and setup. One has to also consider the TREND for the NEAR term, MID term and LONG term. Also consider if we are in the process of heading to the close of a particular EVENT within a Wyckoff Accumulation or Distribution Schematic. Are we likely in a trading range for a while due to what we see in several higher time frames, etc...

There are many things to consider when evaluating WHEN is the BEST time to take a margin long or margin short position WHILE keeping risks low.

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If you are HIGH TIME FRAME SCALPING (like I've been showing here) you would engage a trailing stop NOW. You would be paying attention to the White Energy in the 60 minute as well. We have a new 60 minute candle in less than 10 minutes.

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I meant to say we have a NEW 90 Minute candle in less than 10 minutes... My bad...

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We KNEW to expect a PULLBACK in the 45 minute TF with the White Energy so high... Hence the TRAILING STOP...

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The question is, will we pull back to a lower low or higher low? We will have a better clue of that in approximately 27 minutes when we have a new 2 hour candle. The 2 hour time frame is on the far right in the chart ABOVE. We want to see the Green Line turn up and the Red RSI make contact with the Green Line WHILE the Green Line is going up in the 2h time frame. if it does, then we will likely continue going up. Of course, we would also have a look at the 3h, 4h, 5h and 6h time frames for more insight.

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In case you're wondering... Yes, the 6 minute, 11 minute, 23 minute and 45 minute were all showing signs of exhaustion and a potential pullback.

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That's it with my MANY posts for now. My apologies for all the email notifications my followers were likely receiving. I simply wanted to PROVE A POINT just how helpful it is to KNOW what you are doing with these indicators.

I have some work to do...

Happy Trading and Stay Awesome!

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One more quick note before I get some work done... You would have engaged a trailing stop with a relatively tight percentage at first once you were in profit. If it appears the price will continue rising and confirmed by a HIGHER low, you can consider increasing the percentage of your trailing stop to avoid it getting triggered prematurely. Especially, if the higher time frames show we have a mid to long term reversal actually taking place.

Now back to work...

Stay Awesome!

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I just completed a 19 minute video. It is currently uploading... Once it has uploaded, I will give it a title and add some remarks in the comments section before posting.

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Here's a look at the Daily (24h) Time Frame (TF):