Fibo time and price different legs

Remember Fib projection can also use time ratio to do projection. .

hence I can also calculate 16 days using Fib projection...

VOLUME - Vol on price, vertical volume etc

1. Vol of price shows value. .usually propionate also to time spent

2. Vol vertical bar show conviction. . Impt for confirmation of trend change. . From Consolidation to new trend or end of trend to Consolidation

3. High vol on vertical bar shows strong market direction and often signify big market players play. .

4. If there is low vol and big price increase. . The odds of new trend is much lower..

Danger : if a significant support or resistance is broken with low vol.. then the odds of a fake breakout is higher!

5. But.. also if there is a large vol at end after an extended price rally. . That could be a climax vol and trend may change drastically!  (See pic)

When to short index?- Pic of daily WoW short

Take note.. area should be a monthly SZ in control..

If all time high..it's still low odds

Channels, Pennants, Wedge

Ways to draw channel

After draw either bottom line  (uptrend) or top line  (downtrend),

Method 1 : draw parallel line to the other side

Method 2 : link opposite side tops or bottom

Both are valid... I should observe price action when near the lines  (E. G. Any hammer, shooting star , piercing, engulfing patterns?)

Also confluence with key SD zones or flip zones?

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What to do when channel break?

E..G bear channel.. when bottom channel break. .  Find the next swing low and draw a parallel line w.r.t. to top line

CT Pre CP failure - after a super extended downtrend broken then recover leg hit EMA20

Daily WoW Confluence with weekly TL and nice channel drawn

Good price action E. G.

123 breakout (Leon Tay)

1. Point 3 must be lower than Point 1

2. MACD divergence

3. Channel break

4. 2 MA - 10 SMA as heartbeat and 50 SMA for trend change

5. MACD color change .. Bull to bear etc..

Daily PCP supported by HTF WoW and daily TL break