https://www.tradingview.com/chart/PUBGY/dCpK5r2u-Price-Psychology-what-happening-with-in-price/
This is meant to serve as a training guide into understanding how chart patterns are ultimately formed via prices bought and sold.
This is where the focus of this video is. We are always wanting to know rather than the pattern that is forming, the prices that are
being bought and sold on the chart.
For this we use Quarters Theory, The segmenting on the chart into equal slices to understand where prices are at and where they could go.
On my highest timeframe I like to stick to 1000 pip sections the value of these sections changes this system is universal and can be used on any asset for ease of understanding it was preformed on a stock chart.
Within 1000 pips we have four sections
Four $100 zones
Four $50 zones
Sixteen: $25 zones
On a monthly chart we focus on 1000 pip sections, on a weekly is 100 and on a daily its 10.
Segmenting the char in this nature allows for an understanding of how price has reacted on different time frames based up the price or zone that it is in. From this point of view we may then begin to see recognizably patterns happening at specific prices that would be attributed to bar chart or price action patterns.
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