Below is a 120 Tick NQ e-mini futures chart
On the left hand side of the chart, Price/action describes a 5-Wave down trend, roughly confined within a Declining Wedge. There just happens to be another, smaller 5-Wave pattern on leg 2-3 of the larger one. (Note: usually the 2-3 wave is the longest of the 5)
Next a small 2B Dragon forms its Front Feet at the same level as its Rear Feet. Here the 3xD Divergence becomes apparent. At this point I drew a Brach Zone Fibonacci Grid from the high print at 9:35 AM to the low print around the 10:00 Reversal Zone.
At the circled area there is price consolidation. This creates the 2B Dragon's Head which is just under the level of the Dragon's Hump. Finally we have the Trend Line Break...
All that's left to do is to get a TTO order filled...Then just sit back and enjoy the ride as price ascends toward the Brach Zone.
...its just that simple :^)
6/16/2013
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*(3) Another example of patterns printing together
9/20/2013
The TLB-RT entry method
The Trend Line Break Re-Test is simply using price action, indicator signals and trend lines to rationalize placing an order...
6/16/2013
Price Action was describing a down trend (LHs and LLs)...Then 2xD suggested a possible change in direction was imminent (shown by the divergences in both the MACD and TRIX histograms as well as in the stochastic)...P/A then began to describe a new up trend with a new HH and a HL...The gray vertical area high-lights 2xRD (reverse divergences shown in both histograms and in the stochastic) which suggested that this leg of the pull back in the new trend was over done ...The stochastic Slingshot became a continuation signal, which powered price up, resuming the new up trend.
*(1) An example of patterns printing together
*(2) Another example of patterns printing together
*(2) Another example of patterns printing together
Again - once you become familiar with the stuff on this blog, all the mark-ups I've put on the charts become unnecessary - you begin to see them subconsciously. They become a part of your second nature or your "feel" as I call it...
