AI
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.
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