Finding Ranging Market Before Happening! (X Empire)
In the heart of ARZ Trading System, is a candle that we call it MC (Master Candle). Any time that we see a candle that matches following description, most likely we will have a ranging market, with specified range of oscillations:
1. Candle itself is in the direction of the trend
2. Body of the next candle is within high to low of this candle
3. In the next candle(s), price could retrace most of the MC candle
The main ranging area is the high to low of the MC candle. The exact size of this area, from high to upper is UTP (here $0.00062), and from low to lower is LTP (here $0.00011). This means price could fluctuate between these levels.
If market is going to continue the trend (here is uptrend), price should break the UTP level and continue strongly.
1. Candle itself is in the direction of the trend
2. Body of the next candle is within high to low of this candle
3. In the next candle(s), price could retrace most of the MC candle
The main ranging area is the high to low of the MC candle. The exact size of this area, from high to upper is UTP (here $0.00062), and from low to lower is LTP (here $0.00011). This means price could fluctuate between these levels.
If market is going to continue the trend (here is uptrend), price should break the UTP level and continue strongly.
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