Two views on MT platform on 5 & 15 min charts showing the automatically drawn reaction lines which have both supported and resisted price action over the last 24 hrs. The custom MQ4 indicator which includes RL, sliding parallels, trigger lines, Fib inner lines etc is available free of charge as a file on request. I have slightly edited the code to 'tweek' various features that i use.
Price action seems to have more momentum on the upside to give yet and we have seen a nice FIB RT of 76.4% and now are again heading higher and i think we will see a
new swing high formed before the day's trading session is out.
Price action seems to have more momentum on the upside to give yet and we have seen a nice FIB RT of 76.4% and now are again heading higher and i think we will see a
new swing high formed before the day's trading session is out.
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