Airbnb, Inc.Long
LONG - AIRBNB (ABNB) - 1D
DECISION PROCESS
Trend is degressive (logarithmic selling strength to target price level)
Strong selling exhaust (price is moving strongly with volumes)
Buying pressure (First buying signal appear on support levels) + Volume pressure but I prefer to wait two signals on two different candle (otherwise it could be already an entry).
Contradictory strength (Second buying signal (and confirmation of first one) appear with a buying volume candle)
TIPS
- If market is lateralizing and didn't took direction until the 61.8% extension of the last mouvement (red vertical dash), exit or target breakeven of the position need to be think of.
- On r/r=1 breakeven of the position need to be think of.
- Always stay aware of economic news and movement of the engulfing market (Here ES1!).
PS : Pay attention to reversal signals on yellow line, it could occured an anticipate exit.
Trend is degressive (logarithmic selling strength to target price level)
Strong selling exhaust (price is moving strongly with volumes)
Buying pressure (First buying signal appear on support levels) + Volume pressure but I prefer to wait two signals on two different candle (otherwise it could be already an entry).
Contradictory strength (Second buying signal (and confirmation of first one) appear with a buying volume candle)
TIPS
- If market is lateralizing and didn't took direction until the 61.8% extension of the last mouvement (red vertical dash), exit or target breakeven of the position need to be think of.
- On r/r=1 breakeven of the position need to be think of.
- Always stay aware of economic news and movement of the engulfing market (Here ES1!).
PS : Pay attention to reversal signals on yellow line, it could occured an anticipate exit.
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