Hi
After the price plummeted on 12/15
a W pattern had formed and continues to create HL-HH
Price was backtesting the supply zone
When price hit supply zone, it dropped or left an upper wick, which means that the pressure is still there
If price backtests LTF Demand Zone and there is a buying signal, can consider doing long,
Entry, SL, TP are for reference only and can be adjusted according to personal trading habits
All are personal opinions, not investment advice
After the price plummeted on 12/15
a W pattern had formed and continues to create HL-HH
Price was backtesting the supply zone
When price hit supply zone, it dropped or left an upper wick, which means that the pressure is still there
If price backtests LTF Demand Zone and there is a buying signal, can consider doing long,
Entry, SL, TP are for reference only and can be adjusted according to personal trading habits
All are personal opinions, not investment advice
Order cancelled
didn't backtest demand n breakthrough supply zone
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.