Key points:
- Price has test and retest the lower parallel line (Price typically runs out of energy at the reaction line)
- Price is in a range and needs to decide direction before we can make our trade decision.
- Price is above the 200 moving average for over 60 days.
- Overall on balance of probability, price should go higher from this point but we cannot place any trade as it is in a range and has a 50/50 chance of going either direction.
When we follow our plan we eliminate impulse trading so make sure you design a method to have a peace of mind.
Good luck.
- Price has test and retest the lower parallel line (Price typically runs out of energy at the reaction line)
- Price is in a range and needs to decide direction before we can make our trade decision.
- Price is above the 200 moving average for over 60 days.
- Overall on balance of probability, price should go higher from this point but we cannot place any trade as it is in a range and has a 50/50 chance of going either direction.
When we follow our plan we eliminate impulse trading so make sure you design a method to have a peace of mind.
Good luck.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.