Same as the 4hr TimeFrame in my previous post but the 15min timeframe view
posting this 15min time frame as education record that I can refer to later.
Doing the TA on 15min TF after setting the Weekly, Daily, 4hr TF major levels is an effective strategy to finding accumulation and distribution targets. Always siding with the higher time frame level when an issue of proximity between two levels occurs. Higher TimeFrames are stronger and consequently cause drastic reversal. If the expected behavior does not occur, the level has "failed" and price will target a deeper level or higher range.
Merlot = Weekly levles
Red = Daily
Orange = 4hr
Yellow = 1hr
Aqua = 15min.
posting this 15min time frame as education record that I can refer to later.
Doing the TA on 15min TF after setting the Weekly, Daily, 4hr TF major levels is an effective strategy to finding accumulation and distribution targets. Always siding with the higher time frame level when an issue of proximity between two levels occurs. Higher TimeFrames are stronger and consequently cause drastic reversal. If the expected behavior does not occur, the level has "failed" and price will target a deeper level or higher range.
Merlot = Weekly levles
Red = Daily
Orange = 4hr
Yellow = 1hr
Aqua = 15min.