Finding the decision zone. Follow or fail #2 for BYBIT:BTCUSD.P by alskdj

Finding the decision zone. Follow or fail #2

This is just a latest version of

Finding the decision zone. Follow or fail.

As you can see, we are back where we started.
Same follow/fail pattern keeps repeating over and over again. Selecting the latest low or high and plotting the lines on both chart - its that simple. It's a good and simple way to confirm other signals

Note

So, here we go.

Pay attention to the white box (2 level) on both charts

Note

Lets zoom in. 4 h charts are slow :) so, here is 1h

the red fat line

Note

BTC failed and the rest followed. (Fat pink line)

It's highly probable that the S will be tested. Same story - if one bounces, will it take the rest or if one fails and drags down the rest.

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Here is the update. S failed.

alskdj

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Finding the decision zone. Follow or fail.

by alskdj

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