chaltonmoyochadd
New Member
A strike zone is an area where price will find intraday support or resistance. It therefore becomes a place where there are possible setups and exits. They tend to be areas where there are multiple things coming together, providing a confluence of signals. So the things to look for to form a strike zone are: 1. Identifying of the Asian range is less than 50 Pip 2. What is the count, what level are you at? 3. Has there been a quick move out of the box, and were there 3 swipes? 4. Is there a significant pivot point near this price? 5. Has there been sideways price movement for 30 to 90 min following the 1st strike? 6. Has the ADR being hit? 7. Has yesterday's high or low been worked? 8. Is there an M or W pattern visible? 9. Is there a half Batman pattern visible? 10. Is there evidence in a Straightaway pattern? 11. Is there an M or W on the TDI sub graph? 12. Can you identify Sharks Fin formation? 13. Has the RSI crossed a signal line? 14. Is there support or resistance identified from one of the EMA's? 15. Are there reversal candles coinciding with these patterns including RRT, star formations, hammers, and spike candles? 