Hi All,
here attahached an example of WRB zone, created by a strong continuation price action.
any feedback is welcome.
Carlo
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| TheStrategyLab.com Price Action Trading Support Forum https://www.thestrategylab.com/tsl/forum/ |
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| WRB Zone cretaed by Bullish Price Action https://www.thestrategylab.com/tsl/forum/viewtopic.php?f=61&t=4260 |
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| Author: | puregain [ Tue Oct 22, 2019 6:26 am ] | ||
| Post subject: | WRB Zone cretaed by Bullish Price Action | ||
Hi All, here attahached an example of WRB zone, created by a strong continuation price action. any feedback is welcome. Carlo
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| Author: | wrbtrader [ Tue Oct 22, 2019 10:39 pm ] |
| Post subject: | Re: WRB Zone cretaed by Bullish Price Action |
Hi Puregain, Which Strong Continuation price action definition did you use from tutorial chapter 2  On your chart you only said "strong continuation" but you didn't name which of the two price action definitions it represents. I've listed below...several key variables you should never forget and use to quickly minimize identification mistakes of strong continuation price action definitions even though there are other rules involved. -------- Three key variables involving Strong Continuation #1: * Key Market Event * Key Market Event interval must occur between the reaction high/low and the first WRB Hidden GAP interval * Reaction High/Low that passes thru the WRB Zone Three key variables involving Strong Continuation #2: * Key Market Event * v1 or v2 or both can be a WRB Hidden GAP interval * Both v1 & v2 intervals are breakouts of their prior three contracting volatility intervals Also, I do not know if algo's or large institutional traders or both involved in the WRB Hidden GAP intervals you're asking questions about on your chart. Yet, I do know all WRB Hidden GAP intervals represent a change in supply/demand. That change in supply/demand can represent going from supply to demand or demand to supply (swing point) / supply to increasing supply or demand to increasing demand (strong continuation). Yet, I do know that if a key market event is involved with the intervals representing a WRB Hidden GAP interval...high probability algos are involved. Regards, M.A. Perry TheStrategyLab.com wrbtrader@gmail.com |
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