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We have finished model 1.
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And so far we've talked about being able to identify the current market face whether it's a trend or
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a range can identify the different types of ranges triangles wedges channels rectangles Saxon pendens
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And lastly measure the strength of the trend.
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Right.
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And we'll learn to put all these together in our church right now.
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So that's what we learn on the charts here.
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So for example I'm a traitor.
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I like to trade off the H for an H one for my day trading.
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So we'll start with the bigger picture.
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We're in the bottom.
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We're nearing a demand level here.
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And what it tries to when it approaches that will it stop it stopped and its forms.
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Arrange a kind of range agenda.
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Member of those strong moves.
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The rage happens.
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And this case the Channel 4 and next question where are we on this ranger.
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We're in the top right so we're in the resistance.
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We're also on a level.
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We'll be talking about levels in one day or three.
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By the way this is a level that coincides with the way it used to be.
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Support previously and now turning to resistance.
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So where we are now the age for were somewhat trending right.
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It's making high high still but we're still within this range.
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You get the picture.
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Let's see here.
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Although it's a strong uptrend But since we're in the bigger picture we're nearing a major resistance
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Riceville still stop and we will just have to see if it's going to continue or it will reverse cause
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it's still within this channel.
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Another example.
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So we're done with Channel
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day.
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It's as simple as that right negotiator.
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So what do we do here.
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We just trade off the tops and sell the tops and buy the bottoms.
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Let's take a look at another pair
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OK.
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What is the stick here.
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You have to kind of figure out where we are right now.
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We can see there's a trend here.
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Price range for a while.
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Right.
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It broke to the downside.
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This is rectangle range.
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And after this big move we're probably going to pause for a while and range.
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We don't know yet what kind of range it will take up to
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today.
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Why do we have here on the weekly
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Christ may form a channel or in this case more of like the distending Nehring which.
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Right.
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And we know that this factor tells us that reversal may happen.
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Right so this is how it is all the information together.
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So price may respect this line.
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Right.
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We may start looking for buyers now but know that in the bigger picture price may just travel and this
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is sending Nehring which you guys see how we piece all the puzzles together.
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All right.
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Kuei see the weekly This is simply a rancher.
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The daily However it's an option.
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And this is pretty
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healthy one.
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So the second Bush made a higher high compared to the first one it's moved up more.
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Right.
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It's also steeper which means that the bulls are more aggressive than the first pushier.
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However keep in mind that this is a strong move to the downside.
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Right.
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And what happens if there's Trumble price has to stop in range for a.
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So this is a major resistance so you guys can see that although we're in an odd trend we should be cautious
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that this area I mean hold and price may correct slightly to the downside.
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Right.
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So arranged in the weekly trend on the daily This is also a channel on the H for.
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So this is how I map out my chart and look for turning points in the market.
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This is the most basic foundation.
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Okay.
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Knowing how to draw these lines identifying the Rangers and knowing whether it were in the range or
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trends across our timeframes Okay guys.
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So in this scenario for example the short treat here.
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Right.
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If I see a short my short set of by the same time be aware that in the bigger picture we're still on
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an upward channel
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right guys so this is how we piece all the puzzles together.
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And that marks the end of what you want and by this time you should be able to identify the market phase
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we're in right now.
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And also where we are in the bigger picture okay and accordingly applied the correct strategy for the
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correct market sees what do I mean by that.
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It's really simple.
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So whenever we can arrange
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whatever the shape is when it's rectangular and we sell
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the tops right and by the bottoms that's how we treat ranges Okay.
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And as for trends to be able to get a good water restraint we seem to wait for pullbacks right.
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Well that's.
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So by combining the knowledge that we just let's say we're in a doctrine right on the bigger picture
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and it started to reinsure right immediately you guys would know that this range is still bias to the
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downside.
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Right now that still is pretty strong and healthy dogs.
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And if you were to go along here always keep in mind that the bigger picture is still headed to the
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downside.
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So that's how we combine the different market phases across different timeframes and apply the correct
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trading strategy.
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Okay.
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The much the end of what you want and I'll see you guys more due to.
8647
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