+C+:Fixes are benchmark price levels set at particular times. Banks and institutions refer to them regularly, price will return and bounce from London and Tokyo fixes everyday. They work for all instruments but are particularly strong for Gold, Indices, GBP and JPY pairs.
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Thanks for helping me understand Tokyo Fix and London Fix better. My question is about the lines with numbers in order as in the picture. What does it mean?
+C+: the levels are numbered from 1 to x, when the trend changes. So if you see an uninterrupted series like 1, 2, 3, 4, 5... This indicates that the trend has been very strong without challenges from contrarian buy/ sell pressure. A strong trend will "eat" progressively opposite liquidity levels starting with the one with the highest number and moving into lower numbered levels (i.e. starting to eat level 10, then 9, then 8, up to next trend change).