I make this statement true for one reason only.
Price has closed under our level of support
Which is the blue line above if you don't 🤔 believe me go to your 1 hrs chart to see
We always get confused if we are not using all of the time frames
Starting with the monthly....then the weekly.... then the daily..... 4hr.. 1hr.. 15.. and 5....
For me tbose time charts are the best...note I said for me..lol
Each time frame monthly weekly daily and 4hr and 1hr only shows different levels of support and resistance.... 15 min and 5 min also.... so we just can't depend on the higher time frames to.trade with
And besides you want to look closer at the lower time frames for your entry points....
And pullbacks that you probably wouldn't see in the bigger time frames... we use the big time frames for history....
Sorry got lost back to this 💡 idea
Ok the next take profits will be the orange line on the bottom
161 fib level
🤔 However if price does happens to get back above the blue line on top wait for a pullback to that same blue line and buy back up to where it last sold......
Price has closed under our level of support
Which is the blue line above if you don't 🤔 believe me go to your 1 hrs chart to see
We always get confused if we are not using all of the time frames
Starting with the monthly....then the weekly.... then the daily..... 4hr.. 1hr.. 15.. and 5....
For me tbose time charts are the best...note I said for me..lol
Each time frame monthly weekly daily and 4hr and 1hr only shows different levels of support and resistance.... 15 min and 5 min also.... so we just can't depend on the higher time frames to.trade with
And besides you want to look closer at the lower time frames for your entry points....
And pullbacks that you probably wouldn't see in the bigger time frames... we use the big time frames for history....
Sorry got lost back to this 💡 idea
Ok the next take profits will be the orange line on the bottom
161 fib level
🤔 However if price does happens to get back above the blue line on top wait for a pullback to that same blue line and buy back up to where it last sold......