Live Daily Bias Analysis on PPI

Live Daily Bias Analysis on PPILesson 7 of 125 min read

Targets with no history

Where the exits came from when the chart to the left was almost empty, and the first level that had to be refused.

Module 37 takes targets from marks the chart has already made. On this morning there were very few of them above price.

The problem

Bitcoin had spent the previous weeks below where it now was. Above the entry there was almost no history, so almost nothing was drawn up there.

Blocks, gaps and old lows all need price to have been there before. When it has not, the usual menu is short.

A market at the top of its recent range has an empty chart above it.

What is used instead

The 4 hour candles themselves. Their highs, and the tops of their bodies.

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