AUDCAD Static Grid Used To Isolate Turns
Hello all,
Assumption: This grid has been constructed with the assumption that the P5 is in, so a breach of P5 may invalidate the grid.
I will be watching the vertical lines 1-16 as the market retraces from the probable P5 area. Not every vertical will produce a turn, but where the verticals cross the horizontals as well as the interaction within the pitchfork set may produce a trade opportunity and/or provide an exit.
I will attempt to link these charts together as chart unfolds
Sincerely
TIK
Assumption: This grid has been constructed with the assumption that the P5 is in, so a breach of P5 may invalidate the grid.
I will be watching the vertical lines 1-16 as the market retraces from the probable P5 area. Not every vertical will produce a turn, but where the verticals cross the horizontals as well as the interaction within the pitchfork set may produce a trade opportunity and/or provide an exit.
I will attempt to link these charts together as chart unfolds
Sincerely
TIK
