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Execution Zone INTRADAY CHARTS TICK Intraday Cycles Against Emotions
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Pull up a 5-minute candlestick chart that encloses price bars within 13-bar Bollinger Bands, as well as 5-bar and 8-bar simple moving averages, until you develop your own intraday charting preferences. These lengths are not arbitrary: 5-8-13 represents a Fibonacci number set. Apply them to highlight time proportionality in your pattern analysis. Traders find their own favorite indicators for the important lower chart pane. The 5-bar slow Stochastic shown here uncovers intraday cycles and focuses entry timing. A 5-bar RSI presents an alternative to track overbought-oversold conditions. Or just throw volume histograms in there and forget about it. Regardless of how you lay out your intraday charts, don't ignore the landscape features of the larger daily views. Know them well enough to see them in your sleep.
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