4th Day of Analyzing Charts
Futures Market October 8,2021 The goal is to analyze the market, get back on track, find possible trade entries, and be consistent. What to look for? 1. Identify monthly levels 2. Set up Fibbs on weekly. a.what level does price falls? 3. Identify Daily Spport and resistance. 4. What is the condition of Phila4EMA on daily data? 5. What does Phila4EMA on daily data trying to indicate? 6. Is the price below or above EMA? 7. Do EMA slope at the same direction? 8. Set up Fibbs on 4hrs chart a. Find confluence on levels b. Identify Significant levels. c. Identify Pattern 9. Do 200EMA acting as support? Bullish cross on EMAs? 10. Journal the situation on the Chart, using Volume, OBV, and Price Action. 11. Find possible entries. BNB/USDTPERP 1. Monthly levels identified 2. Pice is at 0.382 and 0.5 level 3. SIgnificant Leve...