πππ-πππππ & πππππππππ ππππ ππππππ πππππππ 1 GM Belivers , GM Traders π«΄β¨οΈπ I present to you a thread on Keylevel + Trendline confluence. Grab a popcorn, a pen, a book, and a seat .. Before you proceed well, give a follow and engage
Trendline is not only used to mark liquidity levels. They can be useful in building direction and adding as confluence to take a trade ... Walk with me β¨οΈ These trendline markups are of two structures, (1) origin or reversal trendline (2) continuation trendline
(1) The Origin or reversal trendline works on this logic : When you already have yr setup , this trendline helps to channel a path for price movement to your poi . Working on the power of multiple rejection (3rd touch mostly) The moment your poi aligns, then we are good to go
Here is another example here :
Here is another practical example
(2) The continuation trendline markup: This works on the same logic as the origin trendline, but this is more of a continuation in price action. And the usage of trendline to know the point in price , market might give a retracement too before continuation in dump or pump
Here is the candle stick illustration
Here is another example
Also, I wrote a couple of educative and interesting threads , so do well to check them out here : β¨οΈ Thread on engineered liquidity and poi
β¨οΈThread on Breaker block entry model
β¨οΈThread on confirmation Entry
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