As I come up with new additions to the system or get questions I will answer them here.
Here is a question from a reader and my answer below.
The 4th example is like the three before it is an example of what a monthly closed push-pull setup would look like.. You are right that there was previous push-pull just behind it at the low of candle 1 (see below) The reason I chose the later push-pull setup was just because it was more obvious and I was using it to demonstrate what a pushpull setup looked like.
You know the level in advance so you don’t wait for the candle to close you just wait for the level to be reached and then you start looking for strong confirmation on the daily chart. These levels are very powerful look at the reaction on the daily chart of the monthly push-pull level in the second image below.
In image 3 which is the later monthly push-pull again there was a strong reaction at that level with a large reversal pin on the daily chart, (note there was a large reversal pin previously at the first monthly level of that candle, the close level that didn’t hold) If you had wanted to wait for more confirmation on the daily chart there was a closed pushpull later on in the daily move after the reversal.
This was not an ideal entry however because in the monthly context it was already quite late in the monthly move, I like to look for monthly push-pull levels after breakouts or pull-backs so I know there is enough momentum to carry the move to it’s take profit. However these levels are fine if you are looking for 10XROI or TAYJ setups.