It takes time to build up understanding of an instrument.
Cycle researchers works on multiple cycles. For a cycle to be effective, they need to obey certain rules.
One of these rules are hitting within orb and reaching certain price levels within this orb range.
For example, I have an hypothesis based on highs and lows that tomorrow, Friday 10th of September or latest, the next trading day, 13th of September, must be within the area in order for cycle hypothesis to be correct.
A correct outcome strengthens confidence, an incorrect calls for adjustments.
Cycle researchers works on multiple cycles. For a cycle to be effective, they need to obey certain rules.
One of these rules are hitting within orb and reaching certain price levels within this orb range.
For example, I have an hypothesis based on highs and lows that tomorrow, Friday 10th of September or latest, the next trading day, 13th of September, must be within the area in order for cycle hypothesis to be correct.
A correct outcome strengthens confidence, an incorrect calls for adjustments.
Note
Note
This area is valid, the 712 is not. Calculations back in time show that the cycle is correct but with inverse polarity
Note
Note
OMGTrade closed: target reached
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.