Brent H1: The Chaos Theory Forecast for the European Session at 4.12.2024
04.12.2024 09:16
Technical
Traditionally, the review begins with examination of the first market dimension. The price has risen above the upper fractal. This defines the phase space as northern. This signal indicates the possible development of an upward movement. To assess its strength and energy, let's consider other market dimensions within the framework of Bill Williams' strategy.
Alligator lines also have laid in a northerly direction. This is a positive signal. Bill Williams compared this indicator to a compass, which determines the prevalence of the direction of price movement.
At the same time, the Awesome Oscillator histogram is currently above the zero line.
On the Accelerator Oscillator indicator there are several green bars below the zero mark. This is a positive signal for the market. The energy of the northern direction of movement is growing.
In general, the signals from the AC and AO indicators show that there is sufficient strength and energy in the market to continue the upward movement.
The color of the histograms of the Gator indicator changes, so this indicator has not formed a clear signal yet.
Let's summarize. The phase space is determined to be northern after the price has risen above the upper fractal. Signals from other indicators strengthen this signal and prove the prevalence of the upward vector of price movement.
📊 Buy Stop 73.79
❌ Stop Loss 72.38
After entering the market, Stop Loss is carried along the red line after the closing of each candle. The profit is fixed by moving Stop Loss, or when opposite signals appear on the AO, AC, Gator indicators.
Alligator lines also have laid in a northerly direction. This is a positive signal. Bill Williams compared this indicator to a compass, which determines the prevalence of the direction of price movement.
At the same time, the Awesome Oscillator histogram is currently above the zero line.
On the Accelerator Oscillator indicator there are several green bars below the zero mark. This is a positive signal for the market. The energy of the northern direction of movement is growing.
In general, the signals from the AC and AO indicators show that there is sufficient strength and energy in the market to continue the upward movement.
The color of the histograms of the Gator indicator changes, so this indicator has not formed a clear signal yet.
Let's summarize. The phase space is determined to be northern after the price has risen above the upper fractal. Signals from other indicators strengthen this signal and prove the prevalence of the upward vector of price movement.
📊 Buy Stop 73.79
❌ Stop Loss 72.38
After entering the market, Stop Loss is carried along the red line after the closing of each candle. The profit is fixed by moving Stop Loss, or when opposite signals appear on the AO, AC, Gator indicators.