So far, I have been writing about playing the D - The D is he final point in the price movement, something which we ANTICIPATE.
What do we anticipate?
We anticipate a REVERSAL. In simple terms, we trade 'opposing' the trend.
Why?
The explanation is simple - Buy when Low. Sell when High.
Once the complete structure is complete, then we have a clear picture of price action. Our understanding is correct. Price did as we anticipated.
Now, price had bounced upward from a long term D, chances are it will go up more. Price is now a two Bs, one BIG, and another small. Not a coincidence but it is price telling us something - a confirmation of future direction.
BUY. The R/R is fantastic.
Good luck.
What do we anticipate?
We anticipate a REVERSAL. In simple terms, we trade 'opposing' the trend.
Why?
The explanation is simple - Buy when Low. Sell when High.
Once the complete structure is complete, then we have a clear picture of price action. Our understanding is correct. Price did as we anticipated.
Now, price had bounced upward from a long term D, chances are it will go up more. Price is now a two Bs, one BIG, and another small. Not a coincidence but it is price telling us something - a confirmation of future direction.
BUY. The R/R is fantastic.
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.