AEX trading as of 4th of January 2017

Today, TradingEcology would like to share price harmonics pattern on a 5min timeframe combined with the Basic price action script.

Closing short in point D was a nice trade, though waiting in the longs was heavy...but end of the day short are covering so long trade from point D could be closed in profit.
Those setups have been traded with Boosters from BNP Paris Bas Markets.



Basic price action script
Blue=validation of long
Orange= validation of short

Confirmation if red goes to green or vice versa.

If red is above 13 then short power is excellent, though you can be squeeze in the last upwave. I advice to use time & price relations from W.D. Gann to enter for precise level.
If green is above 8 (in weekly) long power is okay, though in a major down wave it is not working since monthly validation is lacking. A perfectlong has to be confirmed by monthly valid long (a 9 count).


Please feel free to ask question or if you want to use this indicator.

With kind regards,

TradingEcology
facebook.com/tradingecology/