by Johan Kriek (email@example.com)
Please have a look at the charts below:
The major trend is still bullish as we can see on the chart above. I have identified the most activy cycle within this major trend which is known as the current
On the 4hr chart above I have identified the most active cycle within the current trend. This cycle is known as the 60minute trend - indicated with the green lines
Here we can see the bullish 60minute trend is all it’s glory. As long as this one remains bullish we will have a bullish probability..
Of course, the 1 hour stochastic is bearish at this stage and therefore we have a no trade zone. This means that market rhythm is trending lower.
I will therefore stand aside until the 1hour stochastic gives me a bullish cross. Never trade against the trend..