This is a copy from the original which was created back on 6/24/24. Original says 3weeks TF and I used a 2weeks TF for this copy.
What to look out for:
1. View both volatility contractions
2. Look out how the 1st VC played out. How do you think the 2nd VC will play out?
3. I’ve circled both VC’s.
4. This idea was created before the bottom wick tapped the threshold,
5. Wick met it’s course because this is ATR, it’s a measure of PIPS by using long position,
6. See wick within the orange circle
7. Are both VC’s at equal lows? Why did they meet equal lows and with both saying VC?
8: entry is at $63,166
9. If you had bought high, you would have stayed within the red zone & now it’s moving up
10. This copy is accompanied by a Diamond
My main purpose for this idea is to show volatility contraction. Many had not believed in this idea because their main focus was volume, a crash had been said to happen months ago because of volume and who controls the main volume?
The trend has stayed within the long position because it’s pips measuring. I was taught by a professor trader; NEVER TRADE WITHOUT USING ATR, If I did, id be missing the whole idea lesson.
It’s like knowing how to fly an airplane without a pilot’s license, if so, anyone on board is in great danger.
ATR will teach us where and how but it takes great practice. PiPs measures are not easy.
ATR=VOLUME but must be measured correctly
Hope this helps, give this a like if it only brought encouragement