Type of ZONE
Only professionals benefit )
Realistic price, profitable time of day) All night orders have been filled) Reversal Zone.
(If period 2 & 3 synchronizes, presents an opportunity to enter a low risk trade).
Marks a pause in market, A full reversal can occupy in this time frame. Reverse the reasoning if market reaches this Zone on lower prices. If you are trading short term close the position before this period but be ready to enter once this period is over. It trading long term use Stop Loss in this period.
Follows same direction in period 3.
Refrain from trading as maximum mistake in trade during this period (Midday Doldrums-Lunch Hour) ,monitor price pattern that can act as set up for trade later in day.Period 6 and period 7 considered as one period only
Least significant reversal period. Period 6 and period 7 considered as one period only
Patterns formed during lunch hour find support from broader Volume (exciting period) resulting in breakout.
Reversal Zone. Pay close attention, Reversal common & significant.
High probability Reversal Zone like period 9.
Final reversal period as makers & specialist settle their day.
Resemble period 10 sometime if day was characterized by selling in this period price may move up by short covering