Good Morning Pattern Watchers…
The image above…. Study it… This image is the framework of understanding everything that we anticipate when working out levels and cycles… You will get an idea of why i determine what a level is and why we do not react when we see price hit certain zones.
E. G notice level 1 far left, when price comes out of the W formation it comes down from the high, that high is the end of level one, which is the start of the consolidation zone level 2. LEVEL 2 ends price forms a high and retraces back, which in turn starts level three, level 3 (peak formation).
Having this chart effectively trains the eye to develoo s mental frame work/structure of prices behaviour…
This chart will help you see things a little more clearly.
Trade well my friends.