The Power of iMTF – Stock analysis $DLS – $FTSE UK Stock.. $DLG has had a wall of iMTFs since the beginning of March. These have stopped price from going bullish. The first wall was at 347.686 (denoted as 1 in figure below) which stopped price from breaking bullish on 7th March. Price then only broke above the cloud when the iMTFs disappeared. This however was only bullish until the next iMTF value of 349.931 (denoted as 2 in figure below). Price then breaks below the cloud and holds the iMTF level of 341.152 (denoted as 3 in figure below) the power of the iMTF levels is clear is see when price opens at and holds the iMTF level on the 24th March (denoted as 3 in figure below) .
If you would like to learn how to trade like an institutional trader or learn more about our multi-timeframe email alerts, go to www.ichimokutrade.com or email us at info@eiicapital.com
EDUCATIONAL USE. Commodity Futures Trading Commission, Forex, Futures, Equity and Options Trading has large potential rewards, but also has large potential risk and may not be suitable for everyone. You must be aware of the risks and be willing to accept them in order to invest in these markets. Do not trade with money you can not afford to lose. This is neither a solicitation nor an offer to Buy/Sell. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this document. The past performance of any trading system or methodology is not necessarily indicative of future results. All information provided on the Blog is for educational purpose.
