1. sellers push us down after a strong volitile uptrend
2. buyers here push up creating the high 3 , this is higher
than the sellers entrance at 1, therefore 2 is now a solid low,
as it defeated the sellers from 1
3. we get an expected pullback after a one sided highly volitile
move to the upside, a return to 2 now is very good for the end of the
pullback and the next leg up
* what do I think will happen next
* we have a small stop loss at 2 , and we have a logical pullback at 3 ,
this to me seems like we should go up now , as per trend.
* we have a staggering 79% follow through rate if price closes on one side,
to reach the next orange zone, so I will breakeven once price
exits the next orange zone above us to the top, TP at that target. You can
manually verify this by reducing the lookback period and counting. we only count tradable follow throughs
* as far as divergences go, the bullish divergence is there for mfi and accumulation / distribution,
through rsi has both divergences for buy and sell,
we can ignore this kind of behaviour
*i'm going to buy, stop below 2 and tp at the next
zone target.
2. buyers here push up creating the high 3 , this is higher
than the sellers entrance at 1, therefore 2 is now a solid low,
as it defeated the sellers from 1
3. we get an expected pullback after a one sided highly volitile
move to the upside, a return to 2 now is very good for the end of the
pullback and the next leg up
* what do I think will happen next
* we have a small stop loss at 2 , and we have a logical pullback at 3 ,
this to me seems like we should go up now , as per trend.
* we have a staggering 79% follow through rate if price closes on one side,
to reach the next orange zone, so I will breakeven once price
exits the next orange zone above us to the top, TP at that target. You can
manually verify this by reducing the lookback period and counting. we only count tradable follow throughs
* as far as divergences go, the bullish divergence is there for mfi and accumulation / distribution,
through rsi has both divergences for buy and sell,
we can ignore this kind of behaviour
*i'm going to buy, stop below 2 and tp at the next
zone target.
for trading mentorship and community, message me on telegram : jacesabr_real
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.
for trading mentorship and community, message me on telegram : jacesabr_real
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.