Vertical lines represent the convergence points. This is a technique I developed and I am still working on it. I will look for fractals around this area and I will watch for price action within the zone to see if we have a similar or inverse fractal formation to aid in predicting future price direction beyond the zone. At this time price action is following a similar path in the zone as did price in the prior 2 convergence zones. But we must wait and see what occurs once price exits the zone. If it is exiting the zone from an up wave, then we will expect overall movement to be bullish and can look for entries to go long on pullbacks. If price is exiting the zone from a down wave, then we will expect an overall bearish movement and look for short entries.
评论:
Price exited on an up wave so now we look for long opportunities.
评论:
price has moved down some. now looking for a wave up soon.
评论:
评论:
Nice move up as expected.