Sunday, June 18, 2023 11:06:31 AM
MTF confluence using the BetterIndis example:
In this case intra-day opex SPY puts 6/16. I did not trade this Friday. Hindsight is 20/20 but also instructive.
On the 1.5K tick (roughly equivalent to the 2 minute) there were 2 two consecutive pro (institutions &/or algos noted by blue bars) lower lows less than 90 minutes into Friday's session.
That made the multiple late morning & mid-session yellow up bars on the 1.5K tick & noted more decisively on the 1K tick via the 6 mid-session bearish RAMBOS (yellow bars with "R" above) noting a heavy pocket of long chasing, very strong short signals.
In this case intra-day opex SPY puts 6/16. I did not trade this Friday. Hindsight is 20/20 but also instructive.
On the 1.5K tick (roughly equivalent to the 2 minute) there were 2 two consecutive pro (institutions &/or algos noted by blue bars) lower lows less than 90 minutes into Friday's session.
That made the multiple late morning & mid-session yellow up bars on the 1.5K tick & noted more decisively on the 1K tick via the 6 mid-session bearish RAMBOS (yellow bars with "R" above) noting a heavy pocket of long chasing, very strong short signals.
FREE REAL TIME PENNY STOCKS & OPTIONS BUY & SELL ALERTS:
OPEN HANDED TRADERS
Join the InvestorsHub Community
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
