I would like to present one small observation from today. BTC chart, DTFX 15m / 1m.
Price come back to mitigate range of MSS from 15m.
Price come back to mitigate range of MSS from 15m.
If we zoom in on the price that just come to our zone of interest, where we would like to take the trade, in this example short, we can see formation on 1min and we usually wait for MSB to do our trade. Obviously most will mark it like this:
...but what we can do here except to wait pullback to our SnD on 1min zone to do OTE entry, right ? Somewhere here:
So what if we can take a look on the same part of the chart but get early indication that we already get the MSB on even lower TF then on what we are, in this example 1min.
Now can do our trade in the SnD zone of this MSB easy:
Just to be clear, yes, price later come on and anyway mitigate SnD from the first MSB on 1min, for sure, but I am just giving a different perspective.
Further more, lets deep into this 1min chart and MSB I mark according to orange lines price actaion and do side by side 1min / LTF <1m
How fractal is that! 😀
• • •
Missing some Tweet in this thread? You can try to
force a refresh
