Pendulum swings in and out of the range

22 giu 2019

Marking out the range and extending it. Breakout and failures often mirror themselves on the opposite side in a Pendulum like swing. 4hr Time frames work well however it also works well on smaller time-frames. Buy Up into the range when the bears fail or sell back down when the bulls fail. Avoid the Middle of the range.. When the Instrument makes a New leg mark of the range again and repeat.
I am awaiting the next move to determine direction