One Of My Favourite Setups that @_joshuuu and @toodegrees OHLC Statmap and Session Stamap Help you visualize is the Need to Trade Back to Opening Price.
I've mentioned this in prior streams And here is Why.
It's the need to make the Range Efficient...cntd
Here is the 4 Hour Open at 10am.
Price Opens and Runs Below the open then Runs Higher Above it Towards the M level
Everything Above the Open is One Sided and Inefficient.
So what does it need to do?
YES, it needs to trade back down to the Open with Down candle bodies to make the range efficient.
THIS is how you can formulate great trade ideas based on Trading From the Open and Towards it using Statmap.
Here is another fractal within this Fractal ....
10AM Hourly Candle
Same as above.
We open run below the open then run one sided above the Open.
What does price look to do?
Yep, trade back to the 10am Opening Price and print down candle bodies.
Still Dont believe it?
Lets do one more!
11AM Hourly Candle
Hmmm, it's the same thing
Open run above then run one sided below the open.
Come back to the 11Am opening price and roll over.
Are you starting to pay attention to it.
This is how you can use Statmap to more easily visualize trade Ideas.
This is how it all fits together,
Short 11 Am opening Price to 10am opening Price.
the Drop to 10 am Rebalances the 10am H1 candle and 10am Start fo the H4 candle.
If you want to know more catch me in Statmap or Escape Discord.
If you want to learn then click my linktree and join my Discord.
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Linktree in my bio!
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