When price has made a decision, it is your job to now look for the price action / patterns that coincides with the decision and then look for entry signals in the direction.
When an engulfing was created on a directional timeframe, this engulfing will signal either a decision for price to move in that direction, usually when consolidation on a lower timeframe coincides, or this can be a rounded retest and therefore price will explode in the opposite direction, or this is the start of that timeframes consolidation which means there will be a few more back and fourth / reverse engulfing before price starts to breakout in a specific direction.
Try to identify what it is that is happening to prevent draw downs, loss of capital or avoiding being trapped trading in the wrong direction
When an engulfing was created on a directional timeframe, this engulfing will signal either a decision for price to move in that direction, usually when consolidation on a lower timeframe coincides, or this can be a rounded retest and therefore price will explode in the opposite direction, or this is the start of that timeframes consolidation which means there will be a few more back and fourth / reverse engulfing before price starts to breakout in a specific direction.
Try to identify what it is that is happening to prevent draw downs, loss of capital or avoiding being trapped trading in the wrong direction
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.