Hello to everyone on this forum, I'm new here but not new to BBMA it's something I've studied for a few years now but I do have some questions. Firstly, how do I determine MHV when market is still creating structure for example the chart I've attached below, I do understand that MHV is when market losses volume to create new momentum but as seen in the chart below the market could still possibly go up or drop down after the period of sideways.
Secondly how does everyone trade BBMA here? I know some people only look at H4 re-entries while others follow advance BBMA where they follow codes such as REM,RRE,REE etc and do MTF analysis. I personally use a mix of BBMA for re-entries on HTF such as D1 or H4 and go down 1TF to look for naked chart patterns that's aligned to the BBMA reentry zone.
Secondly how does everyone trade BBMA here? I know some people only look at H4 re-entries while others follow advance BBMA where they follow codes such as REM,RRE,REE etc and do MTF analysis. I personally use a mix of BBMA for re-entries on HTF such as D1 or H4 and go down 1TF to look for naked chart patterns that's aligned to the BBMA reentry zone.
game of probability