When price changes we need to change with it and tune ourselves in to what are they doing?
In this case, buyers are making HH/HL's. In my previous post i was anticipating an expansion of price into the major.
Order moved into the swap of the minor pivot
Price pulls back into the major reaction leg out of a low. Runs down tests the low and pulls back into a minor.
Sellers step down to the outside bar down structure out of the high and make a relative LL confirming a minor reaction leg.
At the low buyers try to hold, sellers step down and press price off the cliff, through the low and confirm the press...
Price runs up out of a relative low, Buyers step up and try to make a new high and confirm the major reaction Leg. Sellers holding at the high and pullback into a major reaction, buyers step up to the consolidation at the centre of the impulse leg up and make a new high. Buyers try to step up, break outs get washed and pulls back to re-test the minor confirmed...
In this publication I show a drawn up trade that is currently open on my account.
I use the principles of price action, where price is in extremes through expansion and contraction.
NO squiggyly lines just pure price action is quite simple and beautiful. To me it is an art form being in touch with the charts ebbs and flows.
Before every trade I practice a...
