Pattern Analysis; incorporating timeframes (USOIL)
Understanding trends within a pattern gives analysts the ability to better understand sentiment and directional pressure.
In this example, pattern extremities were highlighted. Then, on a lower timeframe, trends within said pattern drawn.
Overlaying timeframes is a necessary part of a complete analysis, and a complete commodity analysis can help piece together economic factors affecting commodity-sensitive currencies such as CAD and AUD.
In this example, pattern extremities were highlighted. Then, on a lower timeframe, trends within said pattern drawn.
Overlaying timeframes is a necessary part of a complete analysis, and a complete commodity analysis can help piece together economic factors affecting commodity-sensitive currencies such as CAD and AUD.
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