Monday, February 10, 2020 12:36:04 PM
Indicators can help ID a price action pattern ... ie; they can be used to confirm what may soon happen with price action.
In this example, the Money-on-the Floor P/A pattern happened one bar before the white arrow
but the indicators suggested it might happen several bars beforehand, allowing an anticipatory entry order.
It's especially satisfying when an entry is made that does not involve
any draw-down before price takes off in the anticipated direction.
In this example, the Money-on-the Floor P/A pattern happened one bar before the white arrow
but the indicators suggested it might happen several bars beforehand, allowing an anticipatory entry order.
It's especially satisfying when an entry is made that does not involve
any draw-down before price takes off in the anticipated direction.
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