This instruction will focus on the repeatable ‘EMA Dance’ concept as mentioned in the introduction to this course, and it will build on the failed swings as demonstrated in the How to Find Levels tutorial.
You have read that, and you remember this chart:
These ranges are everywhere, and you can draw one where ever there are candles that closed in opposite directions.
Like this:
All these ranges are the same. The represent pauses in trend, before continuation. All of these are failed swings against the downtrend, even the smaller ones.
They are failed swings, because they are imbalances that formed AGAINST the governing trend.
The same chart is also full on swings, or ‘succeeded swings’.