Next Week Still Bearish Bias Until Ramped Volume Taken Out
The ramped volume accumulation above the monthly open is the target for liquidity. I am going to be looking for a pullback to form the high of week and a continuation of the down move.
Next week is a short week due to the holiday. Therefore, should be a slow drift down.
This monthly bar is forming a market maker cycle. Instead of Wednesday being the midweek reversal, the 20th formed the mid-month reversal back down to where it started. It may even go a bit beyond.
I will be using 150 tick stops and 375 tick targets next week for 2.5R
I probably will take 2-3 trades. I am currently up 8% so far. If I lose the next three then I will close out May up 5%. I am satisfied with that number. If I can win one and lose one, then I will be closing May up 9.5%
Next week is a short week due to the holiday. Therefore, should be a slow drift down.
This monthly bar is forming a market maker cycle. Instead of Wednesday being the midweek reversal, the 20th formed the mid-month reversal back down to where it started. It may even go a bit beyond.
I will be using 150 tick stops and 375 tick targets next week for 2.5R
I probably will take 2-3 trades. I am currently up 8% so far. If I lose the next three then I will close out May up 5%. I am satisfied with that number. If I can win one and lose one, then I will be closing May up 9.5%
Nota
Nota
Dagangan aktif
Short at 42,072 using a 2 hour doji at resistance
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.