4H chart HLs study
Conclusion
The 200 EMA retest on the 1 hour chart: Every single time price has tapped the 200 EMA with a wick that low didn’t get swept. And if price losses the 200 EMA and reclaims it doesn’t sweep the low which is left below the 200 EMA.
The 1 hour bands: Out of the 25 instances when price formed a HL, it has lost the 1 hour bands and then reclaims them and doesn’t sweep the low below the bands except for 2 instances. So buying after price going below the 1 hour bands and then reclaims the 1 hour bands is + EV.
Stop loss: The best place to have my invalidation on is below the low of the HL.
This HL has led to price doing the head and shoulders pattern on the 1 hour chart before the continuation of the trend and price has dipped below the 200 EMA on the 4H chart and then reclaimed it.
This HL have produced a double bottom on the 1 hour chart and price has retested the 200 EMA before a continuation of the trend.
This HL have produced a double bottom on the 1 hour chart before continuation and price has dipped below the 100 EMA and then reclaimed it before continuing the trend higher.
In this higher low Price has formed a double bottom in a very short period of time and has retested the 50 EMA before the continuation of the trend
In this HL, price has touched the 50 EMA on the 1 hour chart and then have had a false breakout before testing the 100EMA once again on the 1 hour chart. The 50EMA wick hasn’t been swept by the price.
In this HL price has formed a head and shoulders on the 1 hour chart but without getting a proper retest on the right should. The price has dipped below the 50 EMA and reclaimed it before the continuation of the trend.
This HL is a shallow one in which price has dipped into the bands and formed a fast left shoulder and head without forming the right shoulder before the trend continuation.
This HL has formed a consolidation. Price has first wicked into the 100 EMA and this wick didn’t get swept. Then price had a false breakout before testing the 200 EMA multiple times on the 1 hour chart.
This higher low has formed a head and shoulders on the 1 hour chart but without having a test in the right shoulder. Price has dropped into the 200 EMA and that wick did not get swept.
In this HL price has wicked into the 200 EMA on the daily chart and then continued to trend up.
In this HL price has formed a double bottom on the 1H chart and have went below the 100 EMA multiple times before grinding higher.
In this HL price have just tested the 50 EMA multiple times before the continuation of the trend.
In this HL price has tested the 200 EMA and then continued the to trend higher. Also the 50 EMA was tapped multiple times before before the price has lost it.
In this HL price have wicked into the 50 EMA first and then tapped the 100 EMA as well. The 50 EMA wick did not get swept. And price formed a double bottom on the 1 hour chart.
This HL have made price to retest the 50 EMA on the 1 hour chart. The first candle wick that has retested the 50 EMA did not get swept.
This HL has made a head and shoulders in the 1 hour chart and price has tapped the 50 EMA but then lost it. Then it went below the 100 EMA and reclaimed before continuing the trend.
In this HL price have lost the 50 EMA and reclaimed it to continue the trend and keep grinding higher.
This pull back has led price to touch the 50 EMA multiple times before grinding higher.
In this HL price has tapped the 200 EMA on the 1 hour chart and that wick did not get swept. Then price has also lost the 100 EMA and reclaimed it.
In this HL price has closed below the 200 EMA and then reclaimed it to continue the uptrend.
This HL was a shallow one in which price has just lost the bands on the 1H chart and has reclaimed them.
IN this HL price has tapped the 50 EMA and then continued the trend.
In this HL price have lost the 100 EMA and then reclaimed it again.to continue the trend higher. The first wick into the 100 EMA did not get swept.
In this HL price have lost the 50 EMA and then reclaimed it again to continue the up trend.