TWO PARTS TRENDLINE SCENARIO
TWO PARTS TRENDLINE SCENARIO
-Remember we are an UPTREND
-the price is making higherhighs
-rsi oscillator making lowerhighs
-supertrend is green
--wait for the first re-test of the second
trendline new,
wait for confirmation before entering long trade.
and once break do not enter long, wait for confirmation,
--instead wait if second re-test for the first trendline old,
wait for confirmation before entering long trade.
NOTE: on the higher time frame (1 hr)
two single candle pattern of
shooting stars are formed.
and bearish divergence was formed.
TIME FRAMES: 15 min. / 1 hr
Disclaimer:
This is not a piece of financial advice.
"Plan your trade.
Trade as per your own terms and conditions.
Don't put all your eggs in one basket.
An important tip is that, as you wait, you should not chase the trades, let them come to you." by: juliefa
-Remember we are an UPTREND
-the price is making higherhighs
-rsi oscillator making lowerhighs
-supertrend is green
--wait for the first re-test of the second
trendline new,
wait for confirmation before entering long trade.
and once break do not enter long, wait for confirmation,
--instead wait if second re-test for the first trendline old,
wait for confirmation before entering long trade.
NOTE: on the higher time frame (1 hr)
two single candle pattern of
shooting stars are formed.
and bearish divergence was formed.
TIME FRAMES: 15 min. / 1 hr
Disclaimer:
This is not a piece of financial advice.
"Plan your trade.
Trade as per your own terms and conditions.
Don't put all your eggs in one basket.
An important tip is that, as you wait, you should not chase the trades, let them come to you." by: juliefa
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.