#PriceAction
The Standard Setup
Simple setup that you can easily use in any market. Takes the emphasis of using Ranges, Supply/Demand alongside what a three tap is
Small write up to cover:
- How to format ranges
- Demand/Supply
- Three tap importance
Lets get into it
Formatting ranges:
First thing is building the basis of a setup and you can't get a proper read without adding a range.
Building a range allows you to see short term/long term liquidity as price exhausts before re-continuing in a trend
Demand/Supply
Your demand/supply will usually be at the deviation of a range.
Take the last swing point that forms prior to the deviation as the area that price needs to MSB to confirm a shift and allow you to look for demand/supply
Three Tap Format
Putting it all together and what a three tap is.
1st tap is the range forming
2nd tap is the deviation
3rd tap is nothing more but a test of Demand/Supply
Examples + Rant
General setup you can use across the markets and what putting it all together means using ranges/Supply/Demand/Targets defines.
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