Explaining my Chart, COG Bearish
One of the members asked me for an explanation of my chart, so here it goes -this is what I mean by those levels on chart setups.
---------------------
* My set-up has a bias that is called Interest... okay, - because it takes awareness of an opposite momentum, which both are held by a DSL line. The green level is a desired take profit level. Now, let's say price then breaks above a DSL line in a case of a bearish set-up, then the set-up will be no longer valid, because the base value to DSL would have been taken out by the bulls.
The line before a DSL line marks resistance in relation to the DSL line, -this causing a supply zone. The two lines help to estimate where to place an SL upon confirmation. My setups are intended to be approached by 'Confirmation Alerts', so they will need to be checked on indicators with your own added analysis. I'd encourage you to check on Supply and Demand studies, Support and Resistance, Advanced Trend-Lines and Zones, -also check on Wolfe Wave.
Take care.
---------------------
* My set-up has a bias that is called Interest... okay, - because it takes awareness of an opposite momentum, which both are held by a DSL line. The green level is a desired take profit level. Now, let's say price then breaks above a DSL line in a case of a bearish set-up, then the set-up will be no longer valid, because the base value to DSL would have been taken out by the bulls.
The line before a DSL line marks resistance in relation to the DSL line, -this causing a supply zone. The two lines help to estimate where to place an SL upon confirmation. My setups are intended to be approached by 'Confirmation Alerts', so they will need to be checked on indicators with your own added analysis. I'd encourage you to check on Supply and Demand studies, Support and Resistance, Advanced Trend-Lines and Zones, -also check on Wolfe Wave.
Take care.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.