This is worth paying special attention to, because the DP should be viewed with caution, and as I have said before they should “only” be used when they fall at “larger degree” support or resistance. And I also like to see them at the end of a clear 5-wave sequence... Well, guess what ? Here we had both ?
I will start with the 15min (larger degree) chart. As you can see, the 5min DP buy also fell at 15min DP support, as such was a good setup to consider.
Again, this is when DP’s should be used, at other times they should be avoided.......
Steve
I will start with the 15min (larger degree) chart. As you can see, the 5min DP buy also fell at 15min DP support, as such was a good setup to consider.
Again, this is when DP’s should be used, at other times they should be avoided.......
Steve
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