Long Term: ESZ SEEMS TO FORM A W PATTERN IN 3 HOURS. 3 AND 4 HOUR HAVE BECOME CON. NEG. SO IT IS EXPECTED THAT IT WILL GO TO 2 HOURS TARGET ATLEAST. IT MIGHT BREAK 2 HOURS AS IT HAS BEEN TOUCHED 3 TIMES ALREADY. IF IT DOESNT BREAKS THEN THE CON. BEG PATTERN MIGHT PLAY OUT.THE LOWER TIME FRAMES LIKE 1,2,3 MINS ARE IN CON POS. IT SEEMS LIKE TREND REVERSAL HAS STARTED. SO IN ORDER TO BOUNCE IT NEEDS TO TAKE SUPPORT FROM A MEDIUM TIME FRAME. THE ULTIMATE GOAL IS 2 DAY TARGET BUT BEFORE GOING IT NEEDS TO BREAK THE CON. NEG. PATTERNS IN 3 AND 4 HOURS.
Short term : ON A SHORT TERM ESZ IS EXPECTED TO GO TO 45 MINS TARGET AS 30 MINS IS ALREADY TOUCHED 3 TIMES AND 1,2 MINS ARE IN CON POS. SO IT IS EXPECTED AFTER BREAKING 15 MINS IT WILL TAKE A SUPPORT FROM 3 MINS AND THEN HIT 45 MINS TARGET. RB TREND IS POSITIVE AND CORE STRENGTH IS 1 MINS FOR LOWER TIME FRAME(ON LONG SIDE) AND CORE STRENGTH FOR HIGHER TIME FRAME IS 2 HOURS ON THE SHORT SIDE..
strength : 1 MINS (FOR LONG TRADES) AND 2 HOURS(FOR SHORT TRADES) Confirmed Negative : 3,4 HOURS. Confirmed Positive : 1,2,3 MINS
Largest TF Positive Indicator : 2 Day Largest TF Negative Indicator : 4 Hour (TARGET REACHED)