i believe it could be long or short depending on what thats plays out
I am initiating Short if:
. Breaks wedge downwards
. making a double top
. breaks the 1 day trend line (yellow) heading back towards the bottom of the channel
.breaks the RSI trend line heading for the bottom
. breaks the pivot point which is located on one day trend line (yellow)
I am initiating Buy if:
. Stays above pivot
. Breaks R1 pivot and ascending wedge for a blow out
. bounces off of RSI Trend line
Trade with caution it is never 100% correct
If anyone thinks otherwise or has other ideas and criticism please go ahead i am open to all of it and willing to learn as i am new to trading
hope this goes as planned like my other idea i posted which turned out very successful
Thanks Lewis
I am initiating Short if:
. Breaks wedge downwards
. making a double top
. breaks the 1 day trend line (yellow) heading back towards the bottom of the channel
.breaks the RSI trend line heading for the bottom
. breaks the pivot point which is located on one day trend line (yellow)
I am initiating Buy if:
. Stays above pivot
. Breaks R1 pivot and ascending wedge for a blow out
. bounces off of RSI Trend line
Trade with caution it is never 100% correct
If anyone thinks otherwise or has other ideas and criticism please go ahead i am open to all of it and willing to learn as i am new to trading
hope this goes as planned like my other idea i posted which turned out very successful
Thanks Lewis
Nota
TP1 HitNota
Using top of wedge as a resistance at the momentlets what and see if it bounces
Dagangan ditutup: sasaran tercapai
hit tp1 forming double headDagangan aktif
trading still active ignore aboveDagangan ditutup: sasaran tercapai
Nota
whoops should of held it
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.