Delivery III - Protractions
Combining everything - We should now understand that often enough when price goes against our anticipated orderflow is when we are trading at specific times of the days, this being that marketprotraction which we have covered in quite some depth.
Theory
As you already know then, its when lets say a 60 minute bearish structure will have a 5 minute bullish structure to go higher, just to go lower.
60 Min framework
This is what the 60m would look like.
ETF Sell Side Play
HTF Effects
But the conclusion remains how these areas are protractions. Basically a trap.
So to conclude, market protractions are impulsive moves, which show intent against.
Example London on New York Position
“More advanced understanding of protractions would be to trail your position if you are already in one during London. Knowing that the first half of New York, after open, can give you a sharp protraction. The goal here is to understand that you should take partials if you are anticipating and monitoring a New York protraction. ”