|
|
|
Double Top Projection Technique or Double Bottom Projection Technique If you have followed my posts for some time on www.dacharts.com and other places this technique is not new to you. This characterizes how I see the market at all times, continually in balance. Yes price constantly moves up and down. The market constantly creates an amount of price movement (price energy) under a given level and then the same amount of price energy above a certain level. This technique is not reserved for double tops, double bottoms only. I use this with any 3 points H-L-H or L-H-L to projection price movement up and/or down. The root technique is for one candle, break the high or low and expect price to move the range of that candle.
Select pivots or points (they do not have to be pivots)
|
|
|