12 Dec 12042020 Gold Nugget
Posted at 09:36h in Gold Nuggets 0 Comments
I learned that with a developing H4 price pattern to guide me, the lower time frame price behaviour becomes way more apparent. Especially when combined with market open sentiment and profile confirming the thesis.
The developing price pattern was a H4 Rally Base Rally where the Rally after the Base wasn’t formed yet. But due to the H4 horizon being well… 4 hours long.. You can see on the lower time frames if indeed this rally is forming after the base was created. If it had gone the other way it would have been a THree Inside Down. Same principles of observation and analytics.