Now let’s “look inside” the 3min Wave (2orB) to see whether we can see a abc pattern on the shorter 1min chart. As you can see, this is exactly what unfolded.
I normally do not suggest moving to such low time frames, but as there was no nice setup on the 3min chart by itself, this is one technique that the more Advanced Traders among you can utilize, to find more trade setups.
MTPredictor is far far more than just a set of automatic setups, this is why I am trying to educate you and teach you all about how markets unfold so you can utilize (when appropriate) the more advanced tools in MTPredictor to uncover additional trades.
But please remember, to only consider this is you are an Advanced Trader and there know when (and when not) to perform this kind of Advanced analysis. And remember, the pattern and setup should be ideal and perfect to even consider.
Thanks, Steve
I normally do not suggest moving to such low time frames, but as there was no nice setup on the 3min chart by itself, this is one technique that the more Advanced Traders among you can utilize, to find more trade setups.
MTPredictor is far far more than just a set of automatic setups, this is why I am trying to educate you and teach you all about how markets unfold so you can utilize (when appropriate) the more advanced tools in MTPredictor to uncover additional trades.
But please remember, to only consider this is you are an Advanced Trader and there know when (and when not) to perform this kind of Advanced analysis. And remember, the pattern and setup should be ideal and perfect to even consider.
Thanks, Steve
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