the chart on the RHS looks a mess,Yes? Well it is but it is only to be viewed in very small time frames like 1 & 5 mins. You can see after the previous hard work and nail biting trade price rejected the green CL of the dominant fork ( see large chart) and bounced up back to the same set of RL's ....now you can do the whole thing in reverse if price starts cycling-but remember it will happen much quicker and on an even smaller scale as the RL's are closer together.
Friday, 19 November 2010
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