so here's a pattern that I found. I do not feel that you will find it anywhere else hence the title. This pattern is all about the rejection candles of levels (supp resistance lines).
I call it delta rejection pattern.
so here's a pattern that I found. I do not feel that you will find it anywhere else hence the title. This pattern is all about the rejection candles of levels (supp resistance lines).
I call it delta rejection pattern.
Hello. .Originally Posted by ;
What's the condition for drawing your own levels?
Using a first view it looks like you mark them occasionally included wicks, occasionally only candle body. .
-- 168413 for example.
If you have a high or a low, just 1; the amount becomes the high or the low. After that you're interested in finding the second touch of the high and low and for your rejection candle. So in the second touch of the low or high you're seeking the rejection. Plus they are sometimes several.
Drawn not clean and clear. . Great luck. . I´m outside.Originally Posted by ;
Maybe we could let deltatrade Clarify a Bit Farther before activating the nuclear option;-)
Please show only 1 pattern on one image and explain. Thank youOriginally Posted by ;
It's a rejection in the level that has been breached. In the uptrend. In that case worked as a rejection in paradise. So that you take a high or a low, anticipate the rejection candle at or above the degree. backtest this and see if works or not. Please set a chart that you like, zoom out a bit and post it . Chose one randomly from everything you have available. I could say take the first reversal candle at a trend but it's not very accurate. The level is there to identify when we have a transaction or not. I admit that it doesn't appear as a rejection of the degree. But it's a rejection towards the trend that violated the degree. Along with a continuation it isn't. It's a reversal situation.