Red = Daily
Orange = 4hr
Yellow = 1hr
Light blue = 15min
Blue = 5min
Purple = 1min
Untested levels are marked with horizontal ray. Tested levels marked with dotted horizontal ray. Lower rays indicate area's of support and idea's to DCA into a position. Upper levels indicate area's of resistance and idea's to exit positions.
If Algo is to continue its ladder upwards it must hold the thicker 1hr level that intersects with the bottom daily trend. If it fails, I would expect it to fall off the face of the earth. There are a couple untested 1hr levels near the base point of the daily trend. FJB lets go Algo
Orange = 4hr
Yellow = 1hr
Light blue = 15min
Blue = 5min
Purple = 1min
Untested levels are marked with horizontal ray. Tested levels marked with dotted horizontal ray. Lower rays indicate area's of support and idea's to DCA into a position. Upper levels indicate area's of resistance and idea's to exit positions.
If Algo is to continue its ladder upwards it must hold the thicker 1hr level that intersects with the bottom daily trend. If it fails, I would expect it to fall off the face of the earth. There are a couple untested 1hr levels near the base point of the daily trend. FJB lets go Algo