Hello ,
Yesterday i have got one of price action , which breaks TVP both time in multiple time , and faces some confusion in front of chart .
i am here posting this problem , and ask solution to all you , specially jagdeeshji and all seniors .
how to react on it , in front of screen , whenever that type of situation we face .
please refer below chart one by one.
Example of multiple TVP breaks
Date -15.07.2015
Name :- Crude Oil
Time Frame-3 min. its TTF.
Chart 1
we are in downtrend
Chart 2 :-
Price breaks Latest TVP and price turn to UPTREND. Now we are in uptrend.
Price approaching to structural boundary with strength .
Now we expect two scenario.
1) BPB
2) BOF
Chart -3
Its BOF .
Price give pullback and make latest TVP.
we are in downtrend now .
Chart -4
My problem start from here .
Look at chart what a surprise move .
price breaks latest TVP..and move upside . (now i am confusing ........its UPTREND now ....)
In hindsight only ....Price give TEST set up to structural boundary and move down.
make Latest TVP.
Chart 5
Price again Break latest TVP .....( i am again cofusing about TVP here ) ...now again think about trend change .
look at chart ...
In hindsight analysis , its BULL TRAP.
These is whole things , i have faced yesterday .
i want guidance on it . how to face situation like this .
Lot of questions in my mind
Is anything wrong with to plot TVP. ??
we can change TVP according to situation ??
Or give some room to price to move in between them ?? totally confuse ....and have idea to post it here and ask solution on it .
i hope you understand what is exactly i want to ask.
your suggestion , guidance , comments are welcome. I just start to skill deveploment.
Thank you