Day level Indicator shows overall market price structure of market for Intraday Position. Terminology Use ==> Price Line, Price Level name and Price level
Timeframe ==> Use proper Signal with swing trend on 15 Min. or lower time frame (Best if Use with 15 Minutes chart or 5 Min. chart).
What to Identify ==> Overall market price structure for the Intraday Period
How to Use ==>
There are Many Line in price level chart
Green/red with Solid for important area of support or resistance
Other dotted lines are for retracement or extension of prices.
Important Structure==> Price behaviors on all lines of possible support and resistance
Use market structure, chart pattern, trend lines for more support..
Entry ==> Let’s wait the proper area of support or resistance (Area of Value in case of trend pattern use)
Exit ==> SL of swing high/low out of market structure with proper risk management and target with proper Risk/ Reward Ratio