I recommend triple chart multiple time frame layout
This amplifies analysis range from lower to higher time frame, therefore not losing important data.
To short look for the time of ranging to sell at a high point, not just at the moment. For example, September 3 & 4 multiple time frame analysis revealed overbought condition in a downtrend market, great sell order!
To short look for the time of ranging to sell at a high point, not just at the moment. For example, September 3 & 4 multiple time frame analysis revealed overbought condition in a downtrend market, great sell order!
Comment:
180 Min time frame: XtremePhaser proves to be a great valid support.
Comment:
Lower time frame analysis
Comment:
^^^ HighPhaser price breakout.
Comment:
On 15 min chart.
MBL overlay price breakout on 90 min chart.
MBL and TSL overlay price breakout on 180 min chart, but MBL is steep downward until price rises further, otherwise MBL should continue going down, therefore making price drop to it.
MBL overlay price breakout on 90 min chart.
MBL and TSL overlay price breakout on 180 min chart, but MBL is steep downward until price rises further, otherwise MBL should continue going down, therefore making price drop to it.
Comment:
Bearish pressure; you just see retracements (profit taking)
