The highest timeframe is a weekly box in grey
A daily red box is last friday's high , low and median range
4hr timeframe levels and trends are in orange
1hr timeframe is yellow and 15min timeframe levels are blue.
Strength should favor the higher timeframe.
BS and FS levels are support
Inv. BS and Inv. FS levels are resistance.
It all paints a fractal story through time if you put it all together. This is the science of Technical Analysis - 4 candles create 6 levels that evolve through timeframes which can be navigated with if/ then statements making the the system methodical and data driven.
A daily red box is last friday's high , low and median range
4hr timeframe levels and trends are in orange
1hr timeframe is yellow and 15min timeframe levels are blue.
Strength should favor the higher timeframe.
BS and FS levels are support
Inv. BS and Inv. FS levels are resistance.
It all paints a fractal story through time if you put it all together. This is the science of Technical Analysis - 4 candles create 6 levels that evolve through timeframes which can be navigated with if/ then statements making the the system methodical and data driven.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.