Here you can see a perfect setup using Demark trendline breakout.
Price broke Monthly CAMS4 (month floor), hit CAMS5 (did not plot that) and reversed towards the floor.
With Demark Trendline technique we could catch all the breakout reversal to the pip.
One could reenter the longs many times at Demarks Daily Pivots or S1 support.
Market is predictable as you see. You just need the right tools.
I also demonstrated how target is projected.
Demark Trendline works also well with calssic monthly pivots and weekly pivots too.
But on 4 hours I would use monthly Camarilla or Monthly Classic Pivots which are very accurate.
Price broke Monthly CAMS4 (month floor), hit CAMS5 (did not plot that) and reversed towards the floor.
With Demark Trendline technique we could catch all the breakout reversal to the pip.
One could reenter the longs many times at Demarks Daily Pivots or S1 support.
Market is predictable as you see. You just need the right tools.
I also demonstrated how target is projected.
Demark Trendline works also well with calssic monthly pivots and weekly pivots too.
But on 4 hours I would use monthly Camarilla or Monthly Classic Pivots which are very accurate.