Trade price rejections over or under new +9 levels.
When ProfitBee59 counts the price bars, it classifies them into positive and negative groups. When the positive counting reaches +9, a bell and orange level are created. Price reactions to this orange level may suggest direction of the following trend.
Example:
In EURGBP 15m chart a new +9 bell appeared at 26 July 2021 06.45 hours UTC+7. The price passed over this new +9 level, pulled back and bounced off over the level at 9.00 hours. With leverage of 1:500 and lot size of 20% of the balance, the fund could grow up 4 % from this buying opportunity.
At 26 July 2021 11.15 hours, another new +9 bell and orange level appeared. The price crossed over this new +9 level, crossed back under it. A price rejection under this +9 level at 15.00 hours signaled a new downtrend. With leverage of 1:500 and lot size of 20% of the balance, the fund could grow up 4 % from this selling opportunity.
Example:
In EURGBP 15m chart a new +9 bell appeared at 26 July 2021 06.45 hours UTC+7. The price passed over this new +9 level, pulled back and bounced off over the level at 9.00 hours. With leverage of 1:500 and lot size of 20% of the balance, the fund could grow up 4 % from this buying opportunity.
At 26 July 2021 11.15 hours, another new +9 bell and orange level appeared. The price crossed over this new +9 level, crossed back under it. A price rejection under this +9 level at 15.00 hours signaled a new downtrend. With leverage of 1:500 and lot size of 20% of the balance, the fund could grow up 4 % from this selling opportunity.
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