PP = Central pivot point
M4 = Middle of R2 & R1
M3 = Middle of PP & R1
M2 = Middle of PP & S1
M1 = Middle of S2 & S1
Uptrend
- Profit Target = (Middle of R2 & R1) to R2
- Bottom = (Middle of PP & S1) to PP
Downtrend
- Profit Target = (Middle of S2 & S1) to S2
- Top = (Middle of PP & R1) to PP
Reversal & breakouts tend to occur when london session open/close
.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment