updated!
This is a DAY CHART of ABNB using Heikin Ashi Candles. Each Candle represents one day movement.
The concept is trading only using Heikin Ashi changes in direction on a day chart for several days (6-10+).
I have circled a “W” and an “M”. (The WHITE LINES are showing the “W” & “M” paths (the lines are also sometimes referred to as ABCD or 1234 Lines)
Note that the end line of a W is also the beginning of an M and the end of a W is the beginning of an M.
These are trades that can be made out one week (or longer) with entry at the first GREEN or RED Heikin Ashi Candle. History tells us that Candles usually last 6-10 Bars. You will be looking to exit at that time, or when the candles begin to become shorter and/or it closes lower than the path you are trading. Also notice that each M is usually composed of a long first leg followed by two pullbacks and then a long ending leg which is the first leg of the W. The W usually has a long first leg followed by two shorter pullbacks and the longer end leg which is also the beginning of a new M wave. I am using ZigZag Waves on this charting.
These can be traded on any chart using the DAY TIME FRAME.
New Chart update with 3-Dashboard Labels and the AsGoodAsItGets Indicator Bubbles for another change in direction heads up for the strategy.
This is a DAY CHART of ABNB using Heikin Ashi Candles. Each Candle represents one day movement.
The concept is trading only using Heikin Ashi changes in direction on a day chart for several days (6-10+).
I have circled a “W” and an “M”. (The WHITE LINES are showing the “W” & “M” paths (the lines are also sometimes referred to as ABCD or 1234 Lines)
Note that the end line of a W is also the beginning of an M and the end of a W is the beginning of an M.
These are trades that can be made out one week (or longer) with entry at the first GREEN or RED Heikin Ashi Candle. History tells us that Candles usually last 6-10 Bars. You will be looking to exit at that time, or when the candles begin to become shorter and/or it closes lower than the path you are trading. Also notice that each M is usually composed of a long first leg followed by two pullbacks and then a long ending leg which is the first leg of the W. The W usually has a long first leg followed by two shorter pullbacks and the longer end leg which is also the beginning of a new M wave. I am using ZigZag Waves on this charting.
These can be traded on any chart using the DAY TIME FRAME.
New Chart update with 3-Dashboard Labels and the AsGoodAsItGets Indicator Bubbles for another change in direction heads up for the strategy.

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