This is a 2-day chart of DISH. One of the many nice features of the Genesis platform is that it allows us to build custom timeframes that no one else is using, thus giving us a leg up on the competition.
The 2-day chart shown here is created by combining the range of 2 daily bars to create a single bar, and offers us a view of Ocean formations between the weekly and daily level that aren't visible to most other traders.
First notice how prices have violated both NMA and Fast NMA, the Ocean based moving averages. Also note how NMC and NMC2 have crossed from above to below the zero line, portraying a market turning bearing.
Now note that the very same type of Cross Kiss formation that we saw from NMC on the weekly chart is now appearing from NMC2 on the 2-day chart, at exactly the same time as the weekly time frame (3/12/04, shown as down arrow on NMC2).
Lastly, NMS (bottom pane in dark cyan) has cut below both its NMA and Fast NMA (shown in red and blue respectively), and also fallen below zero, finding resistance at the confluence of all three of these thresholds (labeled with down arrow).
This is a highly reliable dual time frame setup and all we need now is an entry trigger to put us in the trade.
However, since one of the primary reasons to analyze multiple time frames is to minimize risk, ideally we should be able to dial down to an even lower time frame and find another complementary setup where the risk to assume the trade is minimized even further.
(This is the end of Part 2. Go to Part 3.)
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