Meaning is it at the highest or lowest point price has reach in recent time?
*Evidently you don’t need all of the above but
the more criteria you check off the better and higher quality the dynamic level is. ENTRY CHECKLIST:
STEP 2 - LOOK FOR PRICE ACTION PATTERNS:
Price action patterns to look for:
Long wick candles
Multiple candle rejections Momentum loss candles Patterns & shapes: triangle, wedge, double bottom, head & shoulders, etc.
STEP 3 - LOOK FOR PRICE ACTION PATTERNS:
To do:
Check the weekly again for your directional
bias (bullish or bearish) Check the daily for your directional bias (bullish or bearish) Is the weekly and daily directional bias the same? Only if both time frames are the same do we go to the 4h time frame ENTRY CHECKLIST: