Daily Bias Part 3

Daily Bias Part 3Leçon 4 sur 115 min de lecture

The retracement ladder

What a break of structure on one chart means on the chart above it, and why a small break against your bias changes nothing.

This is the most useful rule in the module. It maps every break of structure onto the chart above it.

Every break is a pullback upstairs

A break of structure on one chart is a retracement on the chart one step up.

  • A 15 minute break of structure is a 1 hour retracement.
  • A 1 hour break is a 4 hour retracement.
  • A 4 hour break is a daily retracement.
  • A daily break is a weekly retracement.

Read any break as a pullback on the chart above it.

Which is why small breaks are not reversals

This is the rule that stops you abandoning your bias every twenty minutes.

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