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Hey guys, would you draw the MM where it is now or where the arrow is pointing? It just seems natural to merge those consecutive HHs/HLs into a single leg...
In the course, I've only seen MMs drawn based on the open->close or close->open of large major trend bars. Usually, only the first 1-3 big bars of a BO. I'd like to see what others have to say, but I think the case could be made that there are in fact no MM targets on this particular chart.
In the course, I've only seen MMs drawn based on the open->close or close->open of large major trend bars.
Check again videos (#20) explaining the different MM types (Leg1 = leg 2, height of the BO and height of the TR). You have always many of them in the charts...
Hey guys, would you draw the MM where it is now or where the arrow is pointing?
MM are like channel lines: many options, and you don't know what will happen until price gets there, if it gets there. Start with the shortest one, then use larger if price breaks thru.
Bonus 03 slide 20
MM based on low & open
