Lets make it simple !
All the asset movement are perfectly pre-planned by market makers. Our role as retail traders is to find out next move as soon as possible.
Thats why basic trader draw many lines and patterns on a small timeframe, but bigger more important overview of market is lost.
Importancy of ascending lines (for bulls control) and descending...
Please pay attention about fibonnaci channel downside and upside direction and its cross-sections (high term) in combination with fibonacii retreacement from latest (high term) swing high and swing low.
Please remember, we are talking about area. Exact point can be defined by crossing, but its not guaranteed. Use oscilator for conformation, when it will be more...
