Daily, weekly, monthly, yearly open.
Openings are used as implied levels. It should not be confused with support and resistance levels, although they can act as such. To determine this, it is necessary to mark the level corresponding to the opening level of the candle (see Candlestick Construction).
Fibonacci.
Fibonacci is a tool that acts as a magnet for price. It is used more often to determine the potential of a correction, and to set goals after it ends. This tool is very flexible as it is customizable and most traders use it in a peculiar way. This article will contain information that has been verified by personal practice.
The Law of Force
This is one confirmation of your trade, which is to count candles in momentum from your Poi.
PO3
The power of three. The market is cyclical and is always in one of three basic phases: consolidation - manipulation - distribution.
Algorithm
The algorithm is part of the trading system, so it requires attention. In the algorithm we proceed from the rule that the older timeframe will always be in priority, move on the chart is purely in descending order.
Trend.
Trend is the general direction in which an instrument moves. Trends can be upward ( bullish ), downward ( bearish ) or sideways (flat). There is no specific time frame for directions to be considered a trend, but in general, the longer it is maintained, the more obvious the trend becomes. Also, the terms "market structure" ("MS") and "trends" are also considered a trend. The trend is an integral part of trading. For better profitability it is better to take positions in the direction of the trend, not against it.
Terminology.
HTF - higher time frame LTF - lower time frame PDH - previous day high PDL - previous day low PWH - previous week high PWL - previous week low MS - market structure DO - daily open PDO - previous daily open WO - week open MO - month open YO - year open BMS - break in market structure BBS - broken base OB - order block IMB - imbalance OTE - optimal trade entry FVG - fair value gap SFP - swing failure pattern LP - liquidity pool AMD - accumulation, manipulation, distribution POB - point of breakout POI - point of interest FTA - first trouble area RR - risk reward