KingME

KingME

This is 2 hour chart. As you can see ,the levels we can identify are limited. You can't see change in momentum nearly as well as you can see off of the 1,3,5 & 15 min charts. Use your time frames wisely. The intermediate should give you some general targets, but the smaller will help you with the progression along the way to those targets.

KingME

I already posted a 15min chart explaining how the progression will work before we can break down. This is the 1 hour chart which helps us see a larger picture of what is going on. As you increase time frames, you ultimately see larger pictures. It takes more time for the larger picture to play out, and with smaller, less time.

KingME

1.1010ish is a test of what we gained. We should test all 4 of these (r/g)'s before heading lower below 1.0809. This is all part of progression. You use all of your time frames to understand what needs to be tested as well as understanding the progression chain.

KingME

People will tell you it's a news event, or even better I hear people say that they are targeting stops. None of it is true. The only thing that institutions who control the market are doing is moving the market faster when news is released. The same structure is still applicable. Why do we pop off of what seems to be random levels? Real simple, you are popping off...

KingME

1315, then 1001, then 1614

KingME

Momentum has to slow down... They spent time accumulating to pop this up to test what we lost, then resume lower to leg start around .09s