PATrader's post number 11 on this thread sums it up really but there are other techniques you can add to price action that can give for eg you an earlier indication that a support/resistance/sbr (support becomes resistance) / rbs (resistance becomes support) zone has a greater probability of holding than not (ie a bounce not a break,) by dropping down to lower t/f's thatn it ocurs on - and these can include repeating patterns comprised of price action itself and tech indicators.
The example below shows a pre-identified previous 4hr/1hr swing hi I had marked as
potential rbs, ie a previous near-term obvious 4hr fractal price swing hi co-existsing as a previous near-term obvious 1hr fractal price swing hi (circled) there was also a 23.6% fib retrace of one of the major swing low's on this 1hr t/f to the prevailing highest point from where price had pulled back, and a 3rd party market info vendor was suggesting bids in this area were likely.
The chart below shows the lowest t/f that I could sensibly use to enter at that area of potential rbs/support confluence - the 1min and you will see it was a proprietary pattern comprised of a classic price action reversal candle itself as the trigger for entry at it's close, and a
repeating pattern of regular bulllish divergence plus a repeating pattern of bollinger bands that told me something about volatility - all of which combining to make a full repeating entry set-up that gave me the confidence to enter on a t/f so far removed from that the potential supp/rbs had been pre-identified on. . You will see in the dilaogue box on the 1min chart below that it refers to supporting other such repeating patterns on a higher t/f and these supporting potential repeating patterns (potential as opposed to absolute like the 1min because at the time of the 1min candle trigger close they obviously were as then unvalidated by pa as the final piece of the jigsaw in those repeating patterns,) /set-ups on a higher t/f (s) can add confidence to the early entry on a t/f below that the potential support/rbs was identified on.
You will see from the 1hr chart posted firstt that a pinbar-esq candle went on to develop on that t/f off the potential supp/rbs but as this example shows there are techniques you can add to PA itself that can make a much earlier entry a high probability for pip gain too on t/f's seemingly a long way off that of the potential supp/res/sbr/rbs.
Jut some other techniques...there are more.
G/L
