Now that CPI has traded and closed below the monthly open, I am eager to see Wednesday's price action. I believe this is the Low of Month/Mid Month Reversal to trap shorts selling down low. Since the trend is bullish, I want to see buyers step in and pivot away from that low. Trap and shift.
I don't know how far it will go out of balance before/if snapping back inside for the trap and shift.
Tuesday's Daily candle is a signal day as a down day in a range bullish trend. It will either have more follow through or get bought back up.
I will be looking for a buy low opportunity Wednesday.
I don't know how far it will go out of balance before/if snapping back inside for the trap and shift.
Tuesday's Daily candle is a signal day as a down day in a range bullish trend. It will either have more follow through or get bought back up.
I will be looking for a buy low opportunity Wednesday.
Dagangan aktif
Long using the 2 Hour Doji and the Bull Hammer44,187
Stop 120 ticks
Target 600 ticks
5 to 1
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Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.