1. T : Time and space (Fractals); 2. R : Repeating Cycles; 3. A : Advancing Trend; 4. D : Declining Trend; 5. E : Energy in Phase Forces.
Now the letters in MAP:
6. M : Momentum and Velocity; 7. A : Analysis of Structure; 8. P : Price Performance. There you have it: Don's personal "TRADE-MAP".
In part 1 we observed ISIL in a down trend. On the above chart there is a , sagging , weak indicators (top of chart), and, for now, the is "sleeping", meaning the trend has not yet broken to the downside. In part 3 of 5 I will explain the Trade-Map elements in more detail. Part 3 of 5 will be on a 4 hour chart (where the details are more visible).
May all of your trades go well. Don.