I'm going long because my Daily ADR 49 went higher than the base pyramid (indicated with green arrow). Sounds crazy but you got to start somewhere.
Note
New level $7,889.2 for strategy review. Will scrap ADR and revert to MACD studies. Will appear in my next posting.Note
Level interest at $7,889.2 still waiting to be confirmed as the day bar has not closed yet.Note
So basically new idea if the opening price of $7,889.2 holds till end of the day that will become a stop. The stop would then be confirmed if a subsequent day closes below $7,889.2.Note
The differently coloured horizontal lines refer to retracement levels within the Williams Fractal boxes that I like to create and follow.
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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.