These zones were created by combining several indicators, as well as Fibonacci and volume profiles.
I started by laying out 3 point spread rectangles on high volume nodes on the volume profile, and then refined those zones based on previous consolidations. I mapped out auto-fib retracement levels (as well as reversed auto-fib levels), and 1hr woodie pivots on a 1hr timeframe. I switched to standard pivots and mapped those as well. With all of these levels marked, I looked for areas where they were grouped and further refined the rectangles. I also noted where the 34/50 ema cloud was in relation to the zones.
I started by laying out 3 point spread rectangles on high volume nodes on the volume profile, and then refined those zones based on previous consolidations. I mapped out auto-fib retracement levels (as well as reversed auto-fib levels), and 1hr woodie pivots on a 1hr timeframe. I switched to standard pivots and mapped those as well. With all of these levels marked, I looked for areas where they were grouped and further refined the rectangles. I also noted where the 34/50 ema cloud was in relation to the zones.