Re: "Major Size" top (M) and bottom (W) formations and Sup. and Res. Levels.
Hi Charlie & All
This is a test, "To See" if I can up load a chart works here.
The green horizontal dash lines shown, represents Res. levels.
The red horizontal dash lines shown, represents Sup. levels.
The green angle (fractal/wave) lines shown, represents W swing pattern "UP" formations (WDB).
The red angle (fractal/wave) lines shown, represents M swing pattern "DOWN" formations (WDT).
As you can See they do offer "very clearly", the market's PRICE flow, "future and current direction" (Buy OR Sell).
Remember that if a W "fails" (UP), "IT" instantly becomes a M (DOWN).
Remember that if a M "fails" (DOWN), "IT" instantly becomes a W (UP).
"A CHANGE" OF DIRECTIONAL PRICE FLOW". (swing fractal "behavior").
For good and tight entry points, they must be executed "near or at" Sup. or Res. points (levels). This trade market "positioning", offers very tight risk loss exposure. While allowing a greater potential profit gain.
For entries on W or M swing pattern formations, "IT" must be trade entry executed "BEFORE" the M or W patterns are "fully completed". Trade entry points must be so executed "near or at" the M's & W's... Res. & Sup. "points". For a maximum trade gain and minimum trade risk loss... strategy/stategic plan.
Professional trade risk loss sizing control management (cut the losses). As any trade (position) can be... market incorrect.
Thank you all for your time and kind attention. I am going out to instruct and ride horses today.
Happy Heehaw & Yahoo, Spectacular British Columbia, eh
Shifu the ONE NOW
