how to mark areas, education📖
Many find it difficult to identify their areas, so I am going to teach you a few rules and how I do it.
1.The first thing you have to know is that in shorter time frames, regardless of the trend in longer time frames, any break of a minimum or maximum is valid. In the first image I leave you several operations in which, regardless of the trend, the price reacts to any breakout. If you have a good eye and understand what I am telling you this will help you a lot, there are people who wait for a buy zone but have not realized that the price has already broken a minimum giving a bearish indication so when the price reaches its zone , it goes up a little and then stops because you are not aware of it.
2.Another thing you have to know is that it is better that you mark the wicks of your breakout zone and not just the body of the candle, because many times the price only reacts to the wicks, I think it is not necessary to explain the breaks. . In theory everyone in this group uses ICC so breakups are basic knowledge.
3.It is important that you know that a zone is valid if the indication range is long, that would make the correction range also long, look at image 2, 3, 4 and 5,
Why do I tell you it has to be long?
Because if the indication range is short, what happened in the 6th image will probably happen to them.
4.It is also important that you keep in mind that your entry is only valid if the price reaches it almost without problems, look at all the images and you will see that the price arrived directly in the area, many are waiting for the price to arrive. . to their areas. but it's not like that. Do you realize that along the way he made breaks in the opposite direction? Well no, and what happens when it arrives? Then they take a STOP LOSS
5.When you are unsure about an area, wait for the price to arrive. In case of selling, see where it reacts and if it reacts above its zone, then check if there is another breakout there, that would be your new entry point, so you can understand better look at the last two images
That would be all, I hope it helps you, I'm sure not everyone will understand, happy day.🙌
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Juli V
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how to mark areas, education📖
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