Anyone have some trouble following the explanation while examining the image? If so, perhaps it's partly because the lower TF is M30, not H1!! Look closely at the upper left corner of the lower image.Darkdoji wrote: Sun Apr 30, 2023 4:50 am Point Matching Example BTC
We have below in snaps H4 or 6n (Top Snap), and H1 or 5n (Bottom Snap).
A is a matched point not shown in bottom snap, as it is too high and to the top left in bottom snap. A = (6n 2Y = 5n 4 G).
But we see a spot match B = C (6n 1 W = 5n 2Y) which is the immediate spot match of interest.
So we can we read price as going down to 6n 2Y = 5n 3A (or 5n 4G depending on depth).
However, look at the 6n (top snap), bottom left at D (green/white arrow), and observe we have a Gold crown. Which suggests that if the next stop does not displace that point lower (unlikely), then at the expected match in (4) above price MUST rotate higher to X = Y or a 6n Gold Crown @ high.
Ultimately point matching is reading the market by a system of pivoting. The trader needs to make an effort of learning matches and their implications for range and market objective in topological range (Semaphore Space).
Trading Courtesy of The Pilot
The Crow (-_-)
Below, I marked it with a red rectangle and included a zoomed-in view to help you see that it is indeed M30.
Of course, you can verify by counting the number of bars in that zigzag swing on the lower image and compare to the number of bars in the H4 green spot to red spot swing.
