Volume Put/Call ratio 3.71 Oversold
OI Put/Call ratio 0.68
Average Put/Call Ratio 2.20 Oversold
Next webirar (London time): 22/08/16 20:00 youtube.com/c/marenno
How to use levels - 1. Wait till the level is reached, 2. Reversal pattern, 3. Confirmation , 4. Entry, 5. Target (intraday) is a last level on the direction mentioned with arrows.
1&2 period patterns:
1D bullish Pattern
1M Bearish Pattern
Knowing the patterns of a higher time frame is very important. Sometimes they can conflict one to another, but it gives us the information of the possible correctional moves, or a start of a new direction, so basically, every time when conflict exists, you must examine a chart whether it is a correctional pattern appearence or a new direction, shall you close the existing trade or open the new one, does it give you a new oportunity or shall you wait, and also rememver, that when the monthly pattern appeared, it means that it is valid till the current month is closed, as by the price action rules, the pattern is clear only at the close of the candle or a bar.
Learning material:
How to count option levels: marenno.com/index.ph...nting-option-levels/
Also I have decided to share a Levels, that take time to count, and you can use them as a bounce levels in a direction you trade:
Option level R4 0.96908
Option level R3 0.96908
Option level R2 0.96908
Option level R1 0.96438
Option level S1 0.95990
Option level S2 0.95990
Option level S3 0.95990
Option level S4 0.95527
Session (current session only) levels:
r3 0.96792
r2 0.96677
r1 0.96563
p 0.96347
s1 0.96233
s2 0.96017
s3 0.95903
I really hope that sharing of my routine with you, will help you in your trading.
Also I really hope that in respect to my hard work, you will take time to use the data I share, you will put the levels on a chart, and will apply it to your trading.
Sincerely
Arturs Jermolickis
arthur@marenno.com
skype: marenno.business
A short - government required disclaimer:
I’m not providing any advice, and I do not guarantee any profit. What you see here is only a share of my view of the market.
