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Brent
Jun 01, 2017 at 12:01
Vistas 705
6 Replies
Jul 05, 2017 at 11:37
AmDiab posted:
May I know the time frame that you are using? Actually, I see only higher time frames are reliable for drawing support and resistant levels! By the way, the context is showing selling pressure, maybe sell position is okay!
Time frame was 1h (can be seen on top left corner) i am not using any support or resistance levels.
This post was long time ago, and it actually went down a lot.
As pattern for me it was double zigzag and now it has reversed already.
Jul 11, 2017 at 13:50
Zemnieks posted:AmDiab posted:
May I know the time frame that you are using? Actually, I see only higher time frames are reliable for drawing support and resistant levels! By the way, the context is showing selling pressure, maybe sell position is okay!
Time frame was 1h (can be seen on top left corner) i am not using any support or resistance levels.
This post was long time ago, and it actually went down a lot.
As pattern for me it was double zigzag and now it has reversed already.
Thanks for your reply! Yes, my prediction was also for the sellers & I use PA strategy with support and resistant!
Miembro desde May 15, 2017
posts 12
Jul 13, 2017 at 12:43
Why don't you use S/R levels?
forex_trader_29148
Miembro desde Feb 11, 2011
posts 1768
Jul 14, 2017 at 09:43
Zemnieks posted:
Brent oil possible irregular correction before C or 3rd wave down, might be massive.
https://charts.mql5.com/15/205/brent-h1-fxpro-financial-services-2.png
strong possibility that you are right
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