Taking out a prior high

    DZ and SZ

    Posted by steve on 26th of Jul 2024 at 10:07 am

    Taking out a prior high or low - use the search for numerous examples posted here.  

    It sounds to me, and

    Posted by eddiegold on 27th of Jul 2024 at 06:58 am

    It sounds to me, and I am likely wrong, like any LL/LH candle in an uptrend would create a DZ (albeit weak ones).

    It might make sense if you build weekly DZ that way and use them on a daily chart to reduce clatter. But likely I am missing something again.

    vaguely similar to how this

    Posted by eddiegold on 27th of Jul 2024 at 07:13 am

    vaguely similar to how this July 21st DZ was drawn.

    But it does not make

    Posted by eddiegold on 27th of Jul 2024 at 07:34 am

    But it does not make sense here. Is the BOS 309.52 or 253.43? If the former why is not the 191.15 the revert candle? If the latter why is not the 193.91 the revert candle (and DZ)?


    thanks for reading this far!

Newsletter

Subscribe to our email list for regular free market updates
as well as a chance to get coupons!