BOR = Break Out, Retrace, Reject @Support/Resistance
1. Trend - hhhl / lllh
2. Structure Break with strong candle at support / resistance
3. Retracement to:
5. Fibonacci
6. Divergence - Regular and Hidden (as leading indicator of momentum)
7. Momentum - distance measurement of impulse / correction waves
Be aware of:
1. Trend - hhhl / lllh
2. Structure Break with strong candle at support / resistance
3. Retracement to:
a. Supply/demand - rally base drop, drop base drop, drop base rally, rally base rally
b. Flip
c. Quasimono
d. Fail to return, first time back, second time back
e. Double/triple top/bottom
4. Trend line break or reject with strong candle5. Fibonacci
6. Divergence - Regular and Hidden (as leading indicator of momentum)
7. Momentum - distance measurement of impulse / correction waves
Be aware of:
- Economic news calendar
- Currencies strength
My methodology:
ITB - Seeing Orderliness amongst 'Randomness'