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Judging by the daily chart, beats rule and bears rest?
Bikes attacking the Bears?
I think the bears are coming back :))
Soon the bikes will start implementing plan B.
My version of the implementation:
On M1, the bulls have weakened a bit, but are still doing well and appear to be gaining strength.
On M5 bears are triumphant, but bulls are on their heels.
On H1, bullish dominance is out of the question.
It hardly makes sense to compare the indicator readings on different TFs, because each TF has its own horizon and completely different frequency of signals. Make a wave pattern according to Elliott on M1, on H1 and D1. Of course they will be dramatically different.
What is your opinion concerning the practical use of this indicator?
It hardly makes sense to compare the indicator readings on different TFs, because each TF has its own horizon and completely different frequency of signals. Make a wave pattern according to Elliott on M1, on H1 and D1. Of course they will be dramatically different.
What is your opinion concerning the practical use of this indicator?
I have none. I got interested, I implemented it. Now I am watching.
None. Interested, I did. Now I'm watching.
Isn't it hard to watch alone? (^.^)
Isn't it hard to watch alone? (^.^)
Why by yourself? There's a whole branch of watchers )))
My version of the implementation:
On M1, the bulls have weakened a bit, but are still doing well and appear to be gaining strength.
On M5 bears are triumphant, but bulls are on their heels.
On H1, bullish dominance is out of the question.