For the first time I see the use of such indicators. Have you learned such skills of technical analysis yourself or do you have any literature? Thank you!
@investa, so what kind of analysis is this if not secret :D
fract
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@Ranoby, Generally, what I do is called fractal analysis. In this chart you can see trendlines with different gradients that form triggering zones for both driving forces of the market - bulls and bears, giving us all their potential moves and targets considering possibilities of random events. Therefore I often cover both directions price can go. I carry out a research on randomness of the market in terms of how incentives of the crowd change the rules of the game constantly. Fractals are key language to justify these chaotic moves. These are older charts which are more relevant to answer your question.
(the fractals)
(levels based on fractal law)
(directions)
(fractal law)
(directions)
@Ranoby, See what I'm saying, bro?! To win here you need to play against collective knowledge of the crowd. To do that, you need to think differently because crowd already knows all these stuff. In order to succeed we have to find and spot something new in terms of relationships, rules and laws in the market other than TA. Just experiment more and trust only your practical way of seeing things to avoid being in the crowd which is constantly manipulated by big players.
Ranoby
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@investa, I'm a newbie here and I believe that only experienced traders can combine everything. For me, the market at the moment is a technical analysis. I understand that you can not focus only on technical analysis, but I also think that you need to move gradually from small to large. Your advice and analysis really mean a lot for me and my training!
E1dc
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@investa, you really nailed it with the support and resistance lines at around 10150 and 6650.
Casey7485
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but the market are already moving down. it would rebound at the lower edge of the bear flag, back to 6840 and than go down breakout the flag, 6000 finally