Drop a timeframe

Module 14 ended the chain with a break of structure on a lower timeframe. This is that step, done with prices.

Two charts, two jobs

The chart you drew the box on gives you the place. A smaller timeframe gives you the moment.

The 1 hour gap does not change when you switch to the 15 minute. You are looking at the same price range, in more detail, so that the close you enter on is a close you can put a stop behind.

The big chart says where. The small chart says when.

Worked on gold

Gold took the level at 2,396 and closed above it, which set the direction upward. The rise to 2,431 left the gap at 2,404 to 2,412 behind it.