Estimated price fluctuation at time of report (+1Hr) 0.27%
Next webinar (London time): 30/08/16 10:00 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:
The pattern is valid till the end of it's period.
NR (Narrow range), WR (Wide range) :
1H WR4; 1H WR7; 4H WR4; 1M NR4; 1M NR7;
How to count option levels: http://marenno.com/index.php/counting-option-levels/
and open interest levels:
Option level R4 1328.90
Option level R3 1324.90
Option level R2 1323.70
Option level R1 1323.70
Option level S1 1317.50
Option level S2 1313 .30
Option level S3 1310.40
Option level S4 1306.90
Session (current session only) levels:
s1 1314 .49
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.
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.
My count also still shows bullish but since the last 2 weeks, I've started to see more of a sideways movement rather than a clear direction.
I currently have a long term position open (about 2 months) but I want to close it soon, maybe when reaches target of 1340 or something.